Levels of Reserve Studies
Reserve studies are a useful capital planning tool for any association, but in order for your reserve study to work best for your association, it’s crucial that you choose and implement the correct reserve study service. There are four levels of reserve studies as defined by the Community Associations Institute. It’s important to understand the scope of each and how they can contribute to your association’s long-term success.
Thirty Years Strong
After recently turning 30 years old, Reserve Advisors’ employees from around the nation came together for team building and continuing education to reinforce our working relationships and to thank the firm’s employees for their commitment to the clients they serve. And of course, we celebrated our anniversary!
Aging Infrastructure – Knowing What’s at Stake
Too often with aging buildings, maintaining aesthetic elements becomes more important than maintaining building integrity. Understanding your aging infrastructure’s ins and outs, board liability, insurance, and practical steps for your board or association to take are all part of the world of building and community management.
What Is A Reserve Study & What Is It Not?
When you go to the doctor for your yearly checkup, chances are you’re seeing a family doctor or general practitioner. If your doctor identifies an underlying health issue with your heart for example, they will point you in the direction of a cardiologist for further testing to uncover the root of the internal issue.
Are You Feeling Lucky?
Arbitrary percent funded values do not provide a complete measure of the health of your reserve funds. Threshold funding provides a clear understanding of financial health.
What to Know as a First-Time Board Member
Becoming a board member of an HOA or community association is an exciting move. But with a newfound position comes potentially unfamiliar responsibilities. Let’s explore the essential things you need to know to be a successful board member!
