Shorter HOA meetings can improve efficiency, lower costs

A recent article in the Chicago Tribune offered simple solutions to reduce HOA management fees.  Resolve to spend less time in board meetings.

HOAs that want to increase efficiency, lower costs and attract new, young members in the coming year should consider holding shorter meetings in a formal business space, such as a library or community room. "The largest variable in management fees is the number and time of meetings," says Michael Baum of Baum Property Services. "Reducing the number of meetings and scheduling daytime meetings will reduce your management fee and cause less wear and tear on everyone."

Read the article.