Condo Media - August 2013 - 45
Landscaping:
Irrigation of landscaping often consumes 40 percent of the water at the
condominium. There are numerous
ways to reduce the water used in landscaping. We will mention a few:
• When replacing plants, use substitutes that are drought resistant.
• Irrigate your plants at night.
• Use sprinklers with sensors that tell
the sprinkler not to turn on if it is
raining, or better yet, not to turn on
if the ground is moist.
• Create dry river beds, filled with river
rocks, and plants placed on the side
of the river bed.
• Make sure when watering that the
water ends up on the lawn or plants
and not on the pavement.
• Create a basin that stores rain water
that comes from the roof, and use
that to water the plants with.
by units that have very few occupants. This may make them less likely
to want to sub-meter. On average, it
takes 18-24 months from the time that
sub-metering is first mentioned until a
final decision is made. The cost to submeter is about $210 per unit. One big
advantage of sub-metering is it makes
it very easy to isolate leaks. To summarize, depending on the situation,
sub-metering can be very effective.
We have given many suggestions.
Some will be applicable, some won’t.
It is always important to do a financial
analysis of these programs. While a fi-
nance professor would recommend doing a discounted cash flow analysis, this
is too complicated for most associations
to do, and too easy to get wrong. We
recommend looking for a three-year
payback period. CM
Ed Hofeller is the founder and president of Hofeller Management. He has
an MBA degree and an AMS designation from CAI. Mark Sheingold is currently working at Hofeller Management
as an assistant property manager and
has obtained his CPM, RPA, and CPO
designations.
Accounting:
• Keeping track of changes in water bills
is a great way to identify problems.
Maintenance:
• Make sure cooling system towers are
properly maintained.
• Do regular inspections to check for
leaks.
Sub-metering:
Sub-metering means having a separate
water meter for every unit. The trustees
have the right to mandate this, and to
make it a common area expense. They
can also issue a special assessment to
fund this. There is a certain psychology about common area expenses that
makes this effective. In reality, the owner pays for his water bill either directly
or through his condo fee. However,
human nature being what it is, people
perceive water to be free when it is paid
for through their condo fee. When they
have to pay for their water directly, they
will use less of it. In many cases, installing sub-meters is tax deductible.
There is a lot of politics that goes
on in condominiums. If the board
members have large families, and use a
lot of water, they are being subsidized
Condo Media • August 2013
45
Condo Media - August 2013
Table of Contents for the Digital Edition of Condo Media - August 2013
Condo Media - August 2013
Contents
From the CED’s Desk
Editorial Board
CAI News
CAI Regional News
Asked & Answered
On the Rise
Vendor Spotlight
Homeowner’s Corner
Legal
Volunteers
Operations
Legislative Update
Industry Perspective
Classified Service Directory
Advertisers Index
Condo Media - August 2013 - Condo Media - August 2013
Condo Media - August 2013 - Cover2
Condo Media - August 2013 - Contents
Condo Media - August 2013 - From the CED’s Desk
Condo Media - August 2013 - 3
Condo Media - August 2013 - Editorial Board
Condo Media - August 2013 - 5
Condo Media - August 2013 - CAI News
Condo Media - August 2013 - 7
Condo Media - August 2013 - 8
Condo Media - August 2013 - 9
Condo Media - August 2013 - 10
Condo Media - August 2013 - 11
Condo Media - August 2013 - 12
Condo Media - August 2013 - 13
Condo Media - August 2013 - 14
Condo Media - August 2013 - 15
Condo Media - August 2013 - 16
Condo Media - August 2013 - 17
Condo Media - August 2013 - 18
Condo Media - August 2013 - 19
Condo Media - August 2013 - 20
Condo Media - August 2013 - 21
Condo Media - August 2013 - CAI Regional News
Condo Media - August 2013 - 23
Condo Media - August 2013 - 24
Condo Media - August 2013 - 25
Condo Media - August 2013 - Asked & Answered
Condo Media - August 2013 - 27
Condo Media - August 2013 - On the Rise
Condo Media - August 2013 - 29
Condo Media - August 2013 - 30
Condo Media - August 2013 - 31
Condo Media - August 2013 - 32
Condo Media - August 2013 - 33
Condo Media - August 2013 - 34
Condo Media - August 2013 - 35
Condo Media - August 2013 - Vendor Spotlight
Condo Media - August 2013 - 37
Condo Media - August 2013 - Homeowner’s Corner
Condo Media - August 2013 - 39
Condo Media - August 2013 - Legal
Condo Media - August 2013 - 41
Condo Media - August 2013 - Volunteers
Condo Media - August 2013 - 43
Condo Media - August 2013 - Operations
Condo Media - August 2013 - 45
Condo Media - August 2013 - Legislative Update
Condo Media - August 2013 - 47
Condo Media - August 2013 - Industry Perspective
Condo Media - August 2013 - 49
Condo Media - August 2013 - Classified Service Directory
Condo Media - August 2013 - Advertisers Index
Condo Media - August 2013 - 52
Condo Media - August 2013 - 53
Condo Media - August 2013 - 54
Condo Media - August 2013 - 55
Condo Media - August 2013 - 56
Condo Media - August 2013 - Cover3
Condo Media - August 2013 - Cover4
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