Helping you understand community association business with industry leading insight.
Navigating Legal Requirements for Reserve Studies: State by State
Whether you’re a community association manager, board member, or resident, having a firm grasp on the legal requirements for reserve studies and reserve funds in your state is crucial to your community’s wellbeing.
Hidden Costs of Underfunded Reserves – Florida Condo Lessons
Florida's real estate challenges are not just a local issue—they are a lesson for us all. Underfunded reserves aren't just a budgeting issue—they threaten community safety, financial stability, and long-term property values. By investing in their community today, associations can ensure a prosperous future.
How Do You Define Adequate Reserves?
Maintaining adequate reserve funds is crucial to keeping any community association running smoothly. But, what exactly are adequate reserve funds, and how do they impact the board, managers, and residents?
Building A Financial Foundation
This webinar covers essential strategies for building a solid financial foundation for community associations, focusing on reserve funds and capital planning.
Trees and Landscaping: Operating or Reserve Expense?
Reserve Advisors Expands with Acquisition of Browning Reserve Group
Reserve Advisors, a leading provider of capital planning consulting services for community associations, announced the acquisition of Browning Reserve Group (BRG).
Effective Stormwater Management: The Role of Ponds in Communities
When it comes to stormwater management, it is incredibly important that associations have a system in place to avoid flooding in any area. Enter: ponds!
Florida Reserve Funding Methods: Component, Cash Flow & Switching
Funding using the component method was legally required in Florida for decades, but since the administrative code was adjusted in 2002, many associations have adopted the cash flow method, or pooled reserves. So, what are the component and cash flow methods, why would an association choose cash flow, and how do they make the switch?
Residential Roof Essentials: Types, Maintenance, and Best Practices
Roofing systems are one of the most valuable components of your property, and they sure do take a beating to ensure that you remain sheltered. So, when it comes time to take care of your roof, what do you need to know, and what can you do to protect it?
Securing Capital – Financing Association Projects
This webinar covers essential strategies for financing association projects, especially when reserves are insufficient.
Reserve Funds: Don’t Be Scared to Use Them!
Reserves, like any other savings fund, often have too little money at any given time, leading to issues such as special assessments or deferred maintenance. But unlike retirement accounts, which benefit from having as much cushion as possible, it is possible that reserve funds contain too much money.
Mitigating Financial Risk: Reserve Studies, Lending, and Insurance
In the ever-evolving landscape of community associations, one trend is becoming increasingly apparent: lenders and insurers are focusing on reserve studies. Traditionally overlooked and used as an internal planning tool, reserve studies are now capturing the attention of external individuals and institutions, particularly lenders and insurance companies.
Masonry Maintenance: A Guide for Condos and Community Associations
Masonry and brick buildings are beloved for their enduring class and elegance, but much like any beautiful thing that is to be long-lasting, they require continuous maintenance. For condominiums and community associations overseeing such buildings, implementing technically sound maintenance protocols is crucial for not only preserving aesthetics but also for optimizing costs long-term.
Navigating Financial Challenges: Structural Integrity Reserve Studies
Ensuring the structural integrity of buildings is a primary concern for community associations in Florida, where climate and weather events can pose a significant threat to buildings and their residents. Structural Integrity Reserve Studies (SIRS) address this, but the financial implications of the required implementation of these studies have proven a significant challenge for many associations.
Exploring Reserve Funding Strategies
This webinar covers essential information on reserve funding strategies, focusing on the importance of reserves and how they can be effectively managed for future capital expenditures.
Reserve Study Terminology
Throughout the reserve study process, you’ll hear a lot of terminology that may be unfamiliar to you. Whether you’re just learning what a reserve study is or you have your first report in hand, here is a list of the terms you need to know.