The HOA raised these last year based on an "abundance of caution" to be sure we have plenty of cash reserve. Our cash reserve is currently $78,351.80. Plus, cash in operations account is $19,591.49. This is an extremely healthy number and growing monthly. We have a new building and a top notch full time building maintenance manager. Our short term goal was to be sure we have plenty of cash to make our building the best maintained in the market, attract the most vacation renters possible and establish the building for long term success as a vacation rental property.

Because we have our own Vacation rental company (Chelan Vacation Rentals) we will be able to run the rental business without the profit requirement that any 3rd party company would require. For this reason, all owners in the rental pool can expect a significant rebate from their initial 25% charge on gross rental fees. This will happen at the end of each fiscal year and help offset monthly unit holding costs.