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Community associations are under increased pressure to actively manage assets and ease the financial strain of infrastructure repairs.
Unfortunately, they face the following challenges:
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Reserve account interest rates are often still below 1%
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70% of communities have underfunded reserves
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Communities and management companies lack the time and resources to address these problems
CommonArea is the first ever platform to solve for these challenges.
Increased interest income, no cost, and the management company gets all the credit.
Greg Chupp, Vice President
Silverleaf Management Group
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