How K&K Helped Summit Flats HOA Take Back Control

Tucked in the heart of downtown Park City, Summit Flats HOA (alias) is an 8-unit stacked condo building that should have been a well-maintained, highly desirable property.

Instead, years of poor financial planning, vendor mismanagement, and deferred maintenance had left the community struggling.

By the time K&K took over, the situation was dire:

  • No reserve savings or funding plan for major projects—like an upcoming roof replacement.

  • HOA records were missing—no meeting minutes, no financial oversight, no clear history of past decisions.

  • Dues hadn’t increased in years, despite rising costs, leaving the HOA unable to afford proper maintenance

  • Critical infrastructure was at risk—a leaking snow melt boiler, an uninspected fire suppression system, and corroding plumbing from unsealed acid tanks in the spa pump room.

  • Basic maintenance was being ignored—snow piled up during a brutal winter, summer landscaping was neglected, and irrigation was failing.

With the roof replacement looming and the building falling into further disrepair, Summit Flats needed a management company that could take charge, fix problems, and plan for the future.

How We Fixed It

💰 Problem #1: No Reserve Fund & Unstable Budget

The Issue: The HOA had no savings, no financial plan, and dues that hadn’t been increased in years—all while costs to operate the building kept rising.

The Fix: We rebuilt the budget, created a reserve plan, and educated owners on the financial realities of their HOA.

✅ Conducted an immediate budget reevaluation to ensure operating needs were met
✅ Completed a full reserve study & long-term funding plan for major projects like the roof replacement
✅ Held special owner meetings to explain HOA finances and build support for a special assessment

📌 Result: A financially stable HOA with a plan for the future and a reserve fund in place.

🛠 Problem #2: Critical Infrastructure at Risk

The Issue: Years of neglect and band-aid fixes left the property with leaks, failing systems, and serious safety risks.

The Fix: We conducted a full infrastructure inspection and addressed immediate hazards first.

✅ Fire suppression system inspected & updated (first time in years)
✅ Leaking snow melt boiler replaced before a catastrophic failure
✅ Heat tape inspected & replaced to prevent ice buildup
✅ Critical drain lines cleared & failing sump pump replaced to prevent flooding
✅ Irrigation system repaired & extensive landscaping cleanup completed

📌 Result: The building is safe, major risks are eliminated, and future maintenance is now proactive—not reactive.

📋 Problem #3: No Administrative Oversight or Records

The Issue: When the board requested meeting minutes, financial records, and past project details, the previous manager had nothing to provide.

The Fix: We organized records, ensured compliance, and brought the HOA back on track.

✅ Standardized meeting minutes & record-keeping to meet legal requirements
✅ Reviewed & adjusted insurance policies—saving money and ensuring proper coverage
✅ Canceled a redundant flood insurance policy the board had tried (and failed) to remove

📌 Result: A fully compliant, well-documented HOA that operates with transparency.

The Outcome: A stronger, more secure Community

Since partnering with K&K, Summit Flats HOA has transformed into a financially stable, well-maintained community. The budget is under control, vendors are held accountable, and the board finally has the tools and support they need to make smart decisions.

📌 Need an HOA management team that actually gets things done?

Note on Privacy:
To protect the privacy of the community, its board, and homeowners, “Summit Flats HOA” is a placeholder name. Full details are available upon request.