article thumbnail

Skyrocketing Costs Squeeze Event Budgets

Velvet Chainsaw

Travel costs are rising due to strong demand (led by the leisure sector). According to a recent survey by The Exhibitor Advocate, exhibitors are seeing increased labor rates and material handling and shipping costs between 20-30% since 2017. As the cost of jet fuel and gasoline increases those costs are borne by the meeting organizer.

Cost 59
article thumbnail

Financial impacts: What the costs of COVID-19 mean for community associations

Ungrated

Higher operating expenses and unanticipated costs due to the ongoing global crisis pose challenges to association budget projections, reserves planning, and maintenance requirements. While companies can’t expect to pass all of these costs to their clients, some percentage must be recovered to remain operational. Comment below.

Cost 108
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 ways to cut the cost of new association management software

Nimble AMS

While several factors — from the number of licenses to implementation to staff training — determine the price of the system’s cost, there are strategies to keep your AMS price from escalating beyond the budget. Customizations of the AMS to alter base functionality are a major cost driver. Prepare for change. Configure, don’t customize.

Cost 78
article thumbnail

Strict Compliance vs. Substantial Compliance – Not Knowing the Difference Can Cost You!

Florida Condo & HOA Law Blog

The appellate court reversed the trial court’s award of the money judgment for the fines, including the association’s entitlement to legal fees and costs. The post Strict Compliance vs. Substantial Compliance – Not Knowing the Difference Can Cost You! Associations should also take note of how these timeframes are calculated.

Cost 52
article thumbnail

Utility surcharge proposed to cover cost of replacing private streets in Prior Lake (MN)

Community Associations Network

The proposed $40 surcharge would be included in residents’ bi-monthly utility bill and be used to create a funding source to cover the cost of replacing a private street. Read the article…………………………

article thumbnail

How to Save on Food and Beverage Costs at Your Next Meeting

Associations Now

” At this point, you already know the cost-cutting basics : Plan the menu well in advance, control portion sizes (e.g., So if you are looking to further pare food and beverage costs, it might be time to get creative—and flexible. If so, you might be able to lower your food costs by piggybacking on that other group’s order.

Cost 73
article thumbnail

8 Ways to Use AI for Community Association Management 

AvidXchange: Association Management

This allows community managers to address issues proactively, preventing minor problems from becoming major ones , reducing maintenance costs and ensur ing the comfort and safety of residents. Through analysis of documents and contracts, AI can help identify potential compliance issues, reducing legal risks and related costs.