There is a new reality (aren’t they all?) television show
called Extreme Couponing. I actually
caught a little of one episode on one of those nights when I was channel
surfing for something—anything—to watch. The show featured a man who was
attempting to pay less than $10 for over $500 worth of groceries by using
coupons…and he did it! To get to that goal, however, he had to spend hours and
hours planning, collecting, researching rebates and special offers, and then
coming up with a precise list of items he could buy. He spent so much time on
this project that it was equivalent to a full-time job. But to him and his
family, it was all worth it to help them with their cost of living.
Many community associations today have to do their own form of
extreme couponing. Despite predictions and announcements from the governing
authorities that the recession is over, many managers and board members in
Florida are still struggling with financial problems within their associations.
Foreclosures, past-due fees, and looming maintenance needs top the list of
problems they are facing. Add to that new legislation concerning HOAs,
condominium associations, and cooperatives and it is easy to see the need to
know what are the most current and legal remedies for these financial dilemmas.
That is where FLCAJ enters
the picture. This issue focuses on those financial matters concerning community
associations. We have included articles from leading legal authorities,
bankers, insurance agencies, and reserve specialists, whose experience, insight,
and wisdom will help put communities on the right financial track. Plus we
profile VillageWalk and Jade Residences, the Communities of Excellence winners
for Financial Innovation and Central Park a Metrowest Condominium Association
that is one of the winners of the new Communities of Excellence Trendsetter
awards, which was presented to them for their solutions for overcoming
financial difficulties. These experts’ advice and peers’ solutions to regaining
financial security is a great place to begin your community’s research for your
own form of “extreme couponing” savings bonanza! And who knows maybe one day
soon, the “reality” of these hard financial times might catch up to the
government’s pronouncement of what is happening with the economy.