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Sherrill Schafer | ||
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Ms. Schafer also successfully owned and operated her own association management firm for seven years before becoming a member of the Associa team. Her vast experience in all aspects of association management allows her to provide tremendous service and excellence to our associations. She is also a former member of the Community Associations Institute Legislature Action Committee that monitors and affects positive changes to the state laws and statutes that govern homeowner associations. Over the years, Sherrill Schafer has transformed struggling communities to thriving ones. For example, in 1988 Sherrill began management of a town home community with a master association and condominium sub-association. The buildings and recreational facilities had fallen into disrepair, the insurance policies had been canceled and the association was virtually bankrupt. She teamed with board members and homeowners to implement a $300,000 special assessment program for refurbishment of the buildings, landscape and recreational facilities. A realistic operating budget and reserve plan was then put into action, which eliminated the need for more special assessments or excessive increases in monthly assessments. Today, this revitalized association is in a strong financial position and the members enjoy higher than average sale values on their homes. Ms. Schafer has long term, valued clients including some communities for twenty years.
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