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Helping you understand community association business with industry leading insight.
Recently, the Foundation for Community Association Research released a Snap Survey looking at reserve study and reserve funding trends across community associations. This survey provides a helpful pulse check on how associations are approaching reserve studies and funding, and where the biggest friction points remain.
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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.
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Capital 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.
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Whether an association has 300 units or 30, managing and planning for the maintenance and reserve funding for community components is never an easy task. Even small associations will face large-scale projects, and without the foresight to prepare for them, boards may find themselves in a sticky situation.
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Here, we will discuss best practices for condominium associations, challenges you may face along the way, and how to ultimately use your reserve study to lead your community to a prosperous future.
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This webinar covers essential strategies for building a solid financial foundation for community associations, focusing on reserve funds and capital planning.
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Reserve 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.
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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.
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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.
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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?
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