What Percent Should HOA Reserves Be Funded?
We’re often asked “what percent should HOA reserves be funded?” The short answer is that there is no “one size fits all” benchmark for measuring the health of your community association’s reserve funds when it comes to applying the percent funded model.
READ MOREManaging Capital Projects in Economic Uncertainty
It is more important now than ever to not lose sight of maintaining your association’s physical and financial health.
READ MOREHow Preventative Maintenance Saves Time and Money for Condos
For property owners, condominium associations, and homeowner associations (HOAs), the longevity of components on their property is incredibly important.
READ MOREFinancing Capital Replacement Projects
In a perfect world every Association would have an adequate level of reserves to cover the cost of future capital replacement projects.
READ MOREThe Importance of Updating Your Reserve Study
Weather plays a large role in the repair and replacement schedule of an Association’s common elements, which in turn affects the financial profile of the Association.
READ MOREHow Often Should You Update Your Reserve Study?
Keeping your reserve study up-to-date is critical to enabling boards to make informed decisions that maintain the investment of homeowners.
READ MOREReserve Studies: The Key to Harmonious Community Living
What is an association board’s role in serving their community association? Can a board accurately navigate changing needs related to replacement schedules and funding needs?
READ MOREReserve Studies: Foundation for Long-Term Financial Strategy
All too often Associations disregard the need to have their reserve studies updated. Or, worse yet, never have a reserve study completed at all.
READ MOREReserve Studies For The First Time Buyer
It is budget time for many associations and boards are updating their reserve studies. Many others have never had a professional reserve study and are now considering investing in their first one.
READ MOREIntegrated Maintenance Programs
Maintenance of condominiums, townhomes, and planned-unit developments is often left to the expertise of professional management. Everyone understands the need to cut the grass, landscaping, paying the utility bills, etc.
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