Biggest budgeting mistakes in 2022-23 | Ep. 25

Considerations for HOA budgets for 2023 are different than any other time in recent memory. Inflation, labor shortages, increasing utility costs, contracts… all are significant factors to a different degree than ever before. HOAs that don’t properly take these factors into consideration in their budgets can find themselves in financial trouble. Action CEO Matthew Holbrook discusses this with Regional Manager Ryan Darby. Resources: The Uncommon Area Ep. 21: Energy savings for HOA high-rises https://www.actionlife.com/energy-savings-for-hoa-high-rises-ep-21/ The Uncommon Area Ep. 23: HOAs at risk of insurance premiums tripling! https://www.actionlife.com/hoas-at-risk-of-insurance-premiums-tripling-ep-23/