Reserve Funds in the Real World
June 9, 2014 No Comments
Multiple times a year Association representatives ask me how their Reserve Strength compares to other communities,
Multiple times a year Association representatives ask me how their Reserve Strength compares to other communities,
As you probably know, Duck Dynasty is an American reality television series on the A&E cable channel that portrays the lives of the Robertson family,
Recently, I was on my way to perform a Reserve Study Site Inspection for a mid-rise condominium in downtown Los Angeles.
“Why do you need to come see our property?” is a typical question asked by new board members when a Reserve Specialist is preparing to conduct a site inspection at a property.
At this time of year, many Boardmembers and Managers are asking themselves this very question.
Good question! There are two ways to answer a question regarding the appropriate use of Reserve Funds in 2020, depending on how it is asked. But first, it helps to know what the purpose is of a Reserve Fund.
All buildings begin to deteriorate the moment they are built. Anyone who owns a home quickly learns that they are guaranteed to have repair costs and replacement expenses down the road. But owners of homes in Association-governed communities face a unique challenge.