Cohousing-L Mailing List: Re: dealing with increasing costs and monthly dues?

[Lisa Kuntz (lisa.kuntz]

I'm just reading all of the suggestions.

Very helpful!

Thanks for taking time to list them.

Lisa K
Daybreak Cohousing

On Fri, Jul 19, 2024 at 1:41 PM PAMELA LEITCH <info [at] hoacoaching.com> wrote:

>
> I know that we cohousers like to get creative with solutions. At the same
> time, acting "outside the box" can result in unintended legal or financial
> consequences.  So .. . I offer some words of caution that you may want to
> consider.
>
> Re: short term rentals such as Airbnb- your liability and property
> insurance may not cover that type of rental activity so double check with
> your insurance broker to make sure you have coverage if someone gets hurt
> or they damage your building.
>
> Re: charging for not doing participation - that could run afoul of your
> state’s labor law and condominium/HOA law.  You may want to check with your
> local attorney who specializes in Association law before you proceed with
> this idea.
>
> It is not talked about much but, sadly, some communities have and are
> facing those unintended results.
>
>
> Pam Leitch, JD, CMCA
> HOA Coaching, LLC
> hoacoaching.com <http://hoacoaching.com/>
>
> > On Jul 19, 2024, at 11:07 AM, Patricia Bailey <
> editorialcaptive [at] gmail.com> wrote:
> >
> > Sylvie, in my research on the list serv, I have encountered two ideas
> for generating funds to help keep monthly fees from going up. One is to
> rent your guest rooms when not in use. Perhaps using Airbnb or other site.
> You are both close to downtown for corporate visitors and close to two
> major hospitals for traveling nurses. The other approach some have taken is
> charging a monthly fee for hours of expected work participation that aren’t
> met. We are currently looking at that charge being 2X minimum wage per hour
> in Albuquerque, although our policy on work participation is not finalized
> yet.
> >
> > Pat Bailey, Membership
> > Cohousing ABQ
> >
> >
> >
> >> On Jul 18, 2024, at 10:50 PM, Sylvie at Hotmail <s_kashdan [at] 
> >> hotmail.com>
> wrote:
> >>
> >> From Jackson Place Cohousing members:
> >>
> >> Dear Friends in the Co-Housing world.
> >>
> >> This is the Jackson Place Co-Housing community in Seattle, Washington.
> Our community is about 23 years old and we have 27 households, with some
> renting apartments or rooms to people who are not family members. We are in
> the midst of discussions about how to handle the increasing costs of
> maintenance for our buildings and landscapes. Our monthly fees per unit are
> going up and up and some are straining to keep up. We seem to be reaching
> our limits as to how much we can decrease our budgetary requirements but
> also do justice to maintaining our spaces and keeping a healthy reserve
> fund.
> >>
> >> *Our question to you is this:  Are there things you are doing or have
> done to help to alleviate the pressures of your increasing costs? As with
> any brain-storming session, remember that there are no bad ideas to offer!
> We are all ears!*
> >>
> >> We are most sincerely grateful for any responses you might offer. We
> can report back depending on the responses as we imagine we are not the
> only ones in this position.
> >>
> >> Sincerely yours,
> >>
> >> Jackson Place Co-Housing Community
> >>
> >> Sylvie Kashdan
> >> Community Outreach Liaison
> >> Jackson Place Cohousing
> >> 800 Hiawatha Place South
> >> Seattle, WA 98144
> >>
> >> https://jacksonplacecohousing.org
> >>
> >> info [at] jacksonplacecohousing.org
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> >>
> >>
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> >>
> >>
> >
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