What Components Should Be Funded By Reserves? | Reserve Study 101
May 28, 2024 No Comments
What gets funded by reserves? See what components are included in a HOA reserve study and what your reserve fund cannot be used for!
What gets funded by reserves? See what components are included in a HOA reserve study and what your reserve fund cannot be used for!
Uncover the results of your HOA reserve study report with this comprehensive guide. Learn what it means and empower your association today!
What does the reserve study process look like? Here’s what you can expect from your reserve study provider from beginning to end!
Everyone wants a good Reserve Study. But what does that mean exactly? A complex process broken down into simple things to look for in a great Reserve Study.
Association Reserves has prepared over 70,000 reserve studies across the nation, which means we’ve worked with a lot of managers! We’ve identified the top 5 things that we wish Managers knew when it comes to reserve studies and the reserve study process.
We were shocked, along with the rest of the world, by the collapse of our client property, Champlain Towers South Condominium Association, in Surfside, FL on June 24, 2021. Our hearts broke for the families and friends of the 98 people who lost their lives in this unprecedented disaster. Although the underlying causes of the tragedy have yet to be determined, we know, based on our March 2020 Reserve Study, that the towers were 40 years old and the Association was significantly “underfunded”.