Budgets

A strong budget requires significant time and effort. At Stoladi, we form budget teams that meet throughout the year to discuss a property’s potential expenses, deferred expenses, feasibility studies, energy audit recommendations, capital expenditure requests and all other owner objectives. Such discussions lead to extensive research and the careful compilation of pricing and cost basis for inclusion in the upcoming budget. Ninety days before the start of the property’s operating year, the property manager submits the budget to Stoladi’s executive vice president and director of finance for review and final approval before the budget is presented to ownership.