Bridging the Gap: What to do When Reserves Fall Short
In this session we discuss three approaches to addressing reserve fund shortfalls – Project deferral, repair vs replacement, and additional means of funding.
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In this session we discuss three approaches to addressing reserve fund shortfalls – Project deferral, repair vs replacement, and additional means of funding.
VIEW NOWManaging the finances and reserve funds of a condominium association involves more than just paying bills and collecting dues; it also entails maintaining a comprehensive financial plan to ensure long-term stability and protect property values.
READ MOREWith personal budgets tightening, every decision is under greater scrutiny, from dues increases to the timing of capital projects. While temporarily limiting assessment increases or delaying projects may seem like a low-risk way to support residents in the short term, the potential consequences can be far more significant.
READ MOREReserve planning is a pillar of responsible and effective management of any community association, but the process is often a mystery to those who fund reserves – the residents.
READ MORECapital planning is one of the most important, if not the most important, responsibilities of an HOA board. Going beyond the day-to-day routine operation of the community, capital planning focuses on the long-term physical and financial health of the community, as well as proactive planning for the replacement of major community assets.
READ MOREReserve studies are integral to the health and sustainability of any community association, but they aren’t just a capital planning tool – they play a direct role in influencing condominium and HOA property values.
READ MOREFlorida’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.
READ MOREThis webinar covers essential strategies for building a solid financial foundation for community associations, focusing on reserve funds and capital planning.
VIEW NOWIn 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.
READ MOREEnsuring 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.
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