Why is My Maintenance So High?

Our very own Chuck Graziano, Director of Governance and Compliance, spoke with CooperatorNews on understanding what really goes into your Monthly Maintenance bill.

“CooperatorNews: For many residents, a maintenance bill is just a number on a statement. What do residents often miss about what drives their maintenance costs—particularly when it comes to visible services versus long-term obligations like reserves?

Chuck Graziano: “Homeowners tend to gravitate to the things that they can see, touch, and feel: Whether the landscaping and the shrubbery beds look good, if the pool is clean, the lifeguards are on duty, and the snow gets plowed in the winter—the things that are tangible. They don’t necessarily follow the increasing costs in those areas, let alone the transparent things like management and reserves that drive costs. There is day-to-day planning, and there’s long-term planning that needs to be accounted for. Reserves are a particularly sticky wicket, especially now because of recently enacted reserve laws. “

Click Here to read full article on the Cooperator News website.