Timeshare HOA Members and Resort Managers to Learn Budgeting Tips for the New Normal

Register online at ResortTrades.com/LearningCenter.

Withum Partner; Practice Leader, Hospitality, Lena G. Combs will present a half-hour webinar on October 16, 2020, beginning at 1:00 p.m. ET. Combs and fellow Withum Partner Ray Bastin, CPA, CGMA, provided a plethora of timeshare (vacation ownership) resort budgeting tips in their article, “Resort Timeshare Budgeting Tips in the ‘New Normal’,” which appeared in the October 2020 edition of Resort Trades magazine.

During her Friday presentation – “Resort Budgeting Tips in the “New Normal,” a Trades Lunch Bunch* event – she will address the following:

• What financial picture can HOA Boards and resort management expect in 2021?
• What kind of maintenance fee delinquencies might we expect in 2021?
• Can Boards and managers rely on historical data at all when budgeting this year?
• What additional “safety” costs are most resorts expecting as vacationers demand greater precautionary measures?
• Are there any other areas of the budget that we can cut to save costs?

Lena Combs is a partner in the firm’s Orlando office specializing in accounting and auditing. She has extensive experience with common interest realty associations and governmental practice areas. Her service areas of expertise include agreed-upon procedures, business analysis, client-outsourced services, compliance, and performance audits, internal control evaluation and operational and financial consulting. Lena is the Practice Leader for the firm’s Hospitality Services Group.

The timeshare resort business hit a low point in 2020 thanks to COVID-related travel hesitancy and exit companies’ outrageous barrage of negative messaging so learning the new normal is important.

*Another in Resort Trades’ free, 30-minute interactive webinars, a “Trades Lunch Bunch,” the interactive, live event begins at 1:00 p.m. ET. Remember the old ‘Brown Bag Lunch’ sessions resort team members used to have before COVID came steamrolling into our lives? That’s what we wish to recreate virtually. So, bring a sandwich, join us for lunch (or brunch for some), and bring your questions.

About The Trades Publishing Company

The Trades Publishing Company, based in Eastern Tennessee, is a 30-plus-year-old B2B print and multi-channel media company, specializing in providing relevant, useful information – free of charge. Resort Trades, Resort Trades Weekly, and ResortTrades.com.