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Open Source LMS: Hidden Costs for Associations

WBT Systems

At first glance, open source LMS may seem to have certain advantages over a commercial, purpose-built association LMS – no upfront licensing costs, full control over how the system can be customized, etc. Hidden Costs of an Open Source LMS. Support and Maintenance.

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Inflation and Reserves Planning: Adjusting to Rising Costs

Association Reserves

For HOAs, reserve planning is particularly vulnerable to inflationary pressures, as rising costs for materials, labor, and services directly impact the ability to fund major projects. A $50,000 roof replacement a decade ago might easily now cost $80,000-$100,000 or more.

Cost 59
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How Finance Teams Can Adapt to Post-Election Changes 

AvidXchange: Association Management

From housing costs to deregulation and tariffs, finance teams may need to adapt to evolving conditions. Economic Uncertainty Economic growth or slowdowns during an election year can significantly impact project demand, revenue projections, and financial stability in construction, real estate, and community association management industries.

Team 130
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To Build or Buy a Software Solution: Which is Right for You?

Association Analytics

Implementing a new software solution is a huge project. Once you dig a little deeper, you’ll see there are, in fact, ongoing costs with an in-house build in addition to some pretty steep up-front costs. This may include new staff or reassigned staff from other important projects. Time to Value or Return on Investment.

Software 321
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How to avoid common AMS implementation pitfalls and ensure a smooth transition

Nimble AMS

When you consider implementing association management software (AMS), do you think of long timelines, unexpected costs, or unpredictable challenges? While many associations struggle during an AMS implementation, your organization can have a smooth, predictable, and cost-effective impl eme ntation.

How To 78
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10 Tips to Get Analytically Ready for 2025

Association Analytics

Align the team’s work with organizational goals and consider requesting budget for small proof-of-concept projects. Small, focused projects often yield actionable insights faster than comprehensive overhauls. Assess actual member value and resource costs, then redirect efforts to more impactful activities.

Tips 169
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Create the Best HOA Reserve Funding Plan (Are You Funding Enough?)

Association Reserves

Think of HOA reserve funding as spreading the cost of repairs over time. Regular contributions are far more manageable than scrambling for a large sum when a major project hits. A sufficient reserve fund prevents this by spreading out the cost over time through regular contributions. Unfair, right?

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