Val Benincosa

💡 Unlock Hidden Revenue Streams for Your HOA Misclassification of income isn’t just a tax issue—it’s a missed opportunity for HOAs to maximize their financial potential. Smart revenue management can be a money maker for your community. 💰 Member vs. Non-Member Income: Accurately classifying non-member income—like rental fees from community spaces or selling parking spaces—ensures you’re not overpaying on taxes. This means more cash on hand for improvements, reserves, and new projects that enhance property value. 💰 Non-Exempt Function Income (NEFI): Revenue from guest fees, vending machines, or rentals may be taxable, but with proactive tracking and planning, HOAs can minimize their tax impact and make these income sources work in their favor. 💰 The Bottom Line: When HOAs treat revenue classification as a financial opportunity rather than a burden, they can uncover savings and boost community value. Don’t leave money on the table—transform compliance into cash flow and strengthen your HOA’s bottom line. Schedule a free 15 minute consultation https://lnkd.in/gM534cYb #HOAFinance #RevenueGrowth #TaxSavings #MoneyMaker #CommunityWealth

1

"HOA" stands for Homeowners' Association, a non-profit organization that manages and maintains a community's assets, such as homes, properties, and common areas. "CC&Rs" stands for Declaration of Covenants, Conditions, and Restrictions. CC&Rs are the rules of the HOA community, which outline the rights and obligations of the HOA and its members. CC&Rs describe what can and can't be done with a property, and their goal is to preserve and enhance property values #SpillTheTeaTuesday

4

Attention California parents! Did you know that up to $1,500 is available to low income, foster, and/or homeless kids in grades K-12 attending public schools in the state? That's right! This money can be used towards college savings and is waiting for up to 3.6 million eligible kids. However, only 350,000 parents have claimed their kids' accounts so far. Don't let this opportunity slip away! For many families in marginalized communities, this sum of money is a fortune, and it could be the jump start that kids need to become happier and wealthier adults. Studies show that college graduates make an average of $1,000,000 more over their lifetime than those with only a high school diploma. Moreover, owning a college fund with at least $500 makes a child 3x more likely to attend college and 4x less likely to drop out. So, if you know anyone who is from a low-income household with grade school kids, please encourage them to sign up at www.calkids.org. Remember, sometimes all a kid needs is a little lift.

11

"HOA" stands for Homeowners' Association, a non-profit organization that manages and maintains a community's assets, such as homes, properties, and common areas. "CC&Rs" stands for Declaration of Covenants, Conditions, and Restrictions. CC&Rs are the rules of the HOA community, which outline the rights and obligations of the HOA and its members. CC&Rs describe what can and can't be done with a property, and their goal is to preserve and enhance property values #2CentsTuesday

1

"HOA" stands for Homeowners' Association, a non-profit organization that manages and maintains a community's assets, such as homes, properties, and common areas. "CC&Rs" stands for Declaration of Covenants, Conditions, and Restrictions. CC&Rs are the rules of the HOA community, which outline the rights and obligations of the HOA and its members. CC&Rs describe what can and can't be done with a property, and their goal is to preserve and enhance property values #2CentsTuesday

2

🌄 Discover Canyonlands National Park 🌵 🏞️ Located in southeastern Utah, Canyonlands National Park is a stunning expanse of rugged beauty and diverse landscapes. Here are some fascinating facts about this breathtaking destination: Vast Wilderness: Covering over 337,000 acres, Canyonlands is the largest national park in Utah. Four Districts: The park is divided into four distinct districts – Island in the Sky, The Needles, The Maze, and the rivers themselves – each offering unique experiences and vistas. Ancient History: Home to numerous archaeological sites, Canyonlands preserves the remnants of ancient Native American cultures, including rock art panels and cliff dwellings. Geological Marvels: The park's dramatic scenery includes towering mesas, deep canyons, and fascinating rock formations shaped by millions of years of erosion. Stargazing Paradise: Recognized as an International Dark Sky Park, Canyonlands is one of the best places in the world for stargazing. Adventure Awaits: Whether you're into hiking, biking, river rafting, or off-roading, there's no shortage of adventure here. 📸 Share your Canyonlands adventures and tag us! #CanyonlandsNationalPark #ExploreUtah #AdventureAwaits

4

1 Comment

How to Make American Housing Affordable Again! (PART 2) 3.)  Hiring More Land Entitlement People. Developing land takes a long time depending on the location. Some states like California could take up to 5 years. In others it might take 1-2 years to entitle land. We believe if the government would focus on hiring and training more land entitlement workers that would benefit the entire industry. The land entitlement should be reduced to 6-12 months everywhere. Governments need to get rid of the red tape. 4.)  Focus on Reducing Impact Fees. Impact fees can be a significant portion of a lot’s price to develop it. New developments do require putting in new sewers, streets, curbs, electrical, and other utilities. But we think if the government wants housing to be more affordable they need to see where this money is going. 5.)  Provide Incentives for Workers to Build Homes. The number of closings reported by the US Census for single family homes has been stuck at roughly 80-90k per month for the past 3 years. If you want to build an additional 60-65k homes per month it is clear you have to get more workers to build homes. The federal government could create training programs for trades workers such as carpenters, plumbers, concrete guys, etc. They could create a guest worker program where immigrants could get a legal job, pay taxes, and work to increase the supply and help alleviate the affordability problem the industry is facing.   At the end of the day, we are not big proponents of government intervention in the economy. But because they are generally the bottleneck in making homes faster and more affordable, we do think whoever becomes president should focus on getting to the bottom of how the government can help make housing more affordable again. These are the areas we would recommend the next administration should focus on.

6

Join us for an interactive business advisory panel discussion and HH! If you are a business owner interested in developing a successful growth strategy who hopes to one day sell this is for you! #business #growth #portlandoregon #strategy

34

2 Comments

🌟 Meet Dan Walters: Real Estate Investor & Coach 🌟 Dan reveals what he finds most inspiring about Boise REIN. 🤝 Drop a comment below and share your favorite networking tip. How do you make meaningful connections? #BoiseREIN #RealEstateInvesting #InvestorCoach #Community #SuccessStory #Inspiration #RealEstateNetwork

2

Estate Planning Essentials Before Selling Your Business on Ep. #44 of the #FoundersGuidePost Podcast with Thomas J Marki, CPA. If you are a Business Owner please make sure those documents are up to date and reviewed periodically. If you need help give me a call at 480-367-9000. Listen to it now at: https://lnkd.in/gmg-SpZ4 #ArizonaBusiness #MergersandAcquisitions #FamilyOffice #IncreaseProfits #Operations #FamilyBusiness #BusinessAttorney #BusinessPodcast #AmericanDream #ScottsdaleFoundersForum

7

"HOA" stands for Homeowners' Association, a non-profit organization that manages and maintains a community's assets, such as homes, properties, and common areas. "CC&Rs" stands for Declaration of Covenants, Conditions, and Restrictions. CC&Rs are the rules of the HOA community, which outline the rights and obligations of the HOA and its members. CC&Rs describe what can and can't be done with a property, and their goal is to preserve and enhance property values #2CentsTuesday

2

"HOA" stands for Homeowners' Association, a non-profit organization that manages and maintains a community's assets, such as homes, properties, and common areas. "CC&Rs" stands for Declaration of Covenants, Conditions, and Restrictions. CC&Rs are the rules of the HOA community, which outline the rights and obligations of the HOA and its members. CC&Rs describe what can and can't be done with a property, and their goal is to preserve and enhance property values #2CentsTuesday

3

Arizona Housing Market Update Aug 29 - Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities There are 8 cities showing an increase in their Cromford® Market Index over the past month, down from 9 last week. We also have 8 cities showing a decrease and 1 that is barely changed. . The average change in CMI over the past month is +1.2%. Last week we saw +0.7%. So there's that. Cave Creek, Paradise Valley, Buckeye and Fountain Hills are showing the largest percentage gains. In addition, Scottsdale, Gilbert, Maricopa and Goodyear all up over the last month. The largest declines are still concentrated in the Southeast Valley (Tempe, Chandler), but Avondale has weakened substantially too. 9 out of 17 cities remain seller's markets over 110. We have 3 cities that are balanced, while the remaining 5 are buyer's markets. 2 cities still remain over 140 while 3 remain under 75. One concern is that the cities with the most positive change are relatively small. The largest markets like Phoenix and Mesa are still declining and Scottsdale is only showing a minor gain of 2%. This means our 1.2% average gain is not as significant as it might otherwise be. While the positive trend exists, it is still so weak that a breath of wind could blow it over. Tom Buron Loan Officer 480-213-1497 [email protected]

1