HOA Insights: Common Sense for Common Areas

087 | HOA Board Heroes: Increasing Revenue for Timeshare HOAs!


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HOA Board Hero Paula DiPaola shares her strategies for increasing revenue for her Timeshare HOA!
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

Paula DiPaola, a volunteer board member at Magic Tree resort for over 24 years, shares her secrets to managing a successful Timeshare HOA. Paula explains how she has kept maintenance fees steady for decades by implementing smart cost-saving measures, leveraging vendor relationships, and introducing innovative revenue strategies like the $150 weekly resort fee that generates $150,000 annually. From fostering community engagement to handling emergencies and building strong vendor partnerships, Paula highlights the importance of transparency, consistency, and hard work in HOA leadership

Chapters From This Week's Episode:

00:00 If You’re Running for the Board, You’re Running to Work
00:50 Introduction to HOA Board Hero Paula DiPaola
01:59 An Unusual HOA - Timeshare Resort 
02:48 How Paula Hasn’t Upped Her HOA’s Maintenance Fees in 24 Years 
06:24 How Paula Counteracted Inflation Prices for Her HOA
10:16 Where Paula Gets Her Ideas to Increase Revenue for Her HOA
12:12 What Motivated Paula to Join the Timeshare Board of the Directors 
16:01 Ad Break - HOA Invest
16:38 How Paula Fosters Community on Her HOA Board 
18:59 Paula’s Advice for Those Who Running for an HOA Board 
21:07 Paula’s Relationship With Her HOA Vendors
23:12 Paula’s ONLY Special Assessment for Her HOA
24:05 How Paula Maintains the HOA Board Culture 
25:21 Paula’s Advice to HOA Board Members

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Julie Adamen

Kevin Davis, CIRMS

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HOA Insights: Common Sense for Common AreasBy Hosts: Robert Nordlund, Kevin Davis, Julie Adamen

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