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Reserve Funds: Don’t Be Scared to Use Them!

using reserve funds

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

Mitigating Financial Risk

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.

Navigating Financial Challenges: Structural Integrity Reserve Studies

SIRS vs Reserve Study

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.

Inflation and Capital Planning: What You Need To Know


Inflation. We’ve all heard the word, and frankly, we’re all probably sick of hearing it. The reality is that many associations may feel the impact of this current inflationary period, regardless of when it lets up, for years to come. Part of what makes this particular period of inflation so impactful is that prior to March 2020, we experienced a fairly unprecedented level of inflationary stability ranging from 3-5% each year.

Long-Lived Assets: The Bottom Line

Long-Lived Assets

When conducting a reserve study, one of the first steps your consultant will take is evaluating the inventory of your community’s components and classifying them into groups, with reserve studies focusing most prominently on reserve components. However, long-lived assets are equally as important to keep an eye on.

Dues, Special Assessments, and Reserves – What’s The Deal?

Monthly Dues

As you know, dues and special assessments come with the territory of residing in any type of community association. Understandably, it can be confusing for boards and residents to navigate exactly what both of these payments are used for, when they should be used, and how they affect the association as a whole.

Inflation and Reserves: The Implications on Capital Planning


As we all know by now, inflation has moved into our lives and isn’t estimated to move out for about a year or more. While some industries are already seeing some relief, this is not and will not be the case for many other industries for the foreseeable future, including those that community associations rely on for capital projects.

Using A Reserve Study As A Budget Tool

With the budget season fast approaching, it’s time to seriously consider your association’s near and long-term financial needs, goals, and ultimately, its future. Capital planning is no easy feat, but having a continuous blueprint for the future is the key to a thriving community.

How Much Money Should Our HOA Have In Reserve Funds?


When it comes to reserve funds, a common question we hear is “how much money should our HOA have in reserves?” The truth of the matter is, it depends. Each association is unique in a variety of ways, so the answer to this question varies widely depending on the community, its components, and its wants and needs. 

Financing Capital Replacement Projects

Funding Work

When it comes to financing capital replacement projects, there are several funding options available to associations. Ideally, an association will have enough in reserves to complete the project in a timely manner, but there are other options accessible if this is not the case. 

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