Given the reality of multi-million-dollar deductibles that may exceed actual damages, even HOAs that carry expensive earthquake policies may not have meaningful coverage. Boards can consider dropping the coverage—if their CC&Rs let them.
Replacing common area lighting with energy-efficient, long-lasting LEDs can save HOAs significant money on electricity and replacement, with a quick payback and improved appearance. LADWP’s Commercial Direct Install program may replace some lighting for free.
Participation in an organics recycling program is now mandatory in California. Compliance can be messy in a condominium building. By carefully reviewing their waste hauler’s rules—in this case, a recommendation to put food scraps in plastic bags—this condo found a practical solution.
Why is one condo’s monthly dues so much higher than another’s? Taking a hard look at the budget can produce some savings, but differences between buildings and the types of insurance, amenities, utility metering and services lead to inherently different costs.
Condominium HOAs in Los Angeles may be eligible for significant savings on electricity bills by switching from the default residential rate to LADWP’s little-known A1A commercial rate. The option is not documented on LADWP’s website but for certain buildings, it can result in substantial cost reductions.
This guide provides step-by-step instructions to determine if switching LADWP electricity for a condominium’s common area will save money by comparing their current bills with costs calculated using LADWP’s online tool.
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