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Rental revenue behind budget; board to promote rentals and study third-party monitoring

Chimney Hill Owners Association, Inc. Board of Directors · July 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Rental revenue is about $53,000 against an $85,000 budgeted target; the board discussed outreach via the Thursday Blast and research into third-party short-term rental monitoring used by Dover.

Paul DiPietro presented the rental spreadsheet, reporting approximately $53,000 in profit currently booked against a budgeted $85,000, creating a significant shortfall. He said the association needs roughly five to nine more homes rented to reach the projection.

Members discussed outreach and enforcement: Steve Boyce suggested promoting a "rent with us" option and featuring a rental property in the Thursday Blast; Dennis Heberlein reported the rental subcommittee met with Dover Economic Development about third-party monitoring of short-term listings and will provide a detailed report at the September board meeting. Executive Director James Walker said many owners inquire about rentals but several properties fail to meet fire and safety requirements.

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