After 30 years in this industry educating other professionals, clients, and prospects how to make wise decisions with respect to Reserves, I’m considering a different, age-old strategy: Change behavior by providing a financial incentive!
Below are some big picture thoughts to consider with respect to how community associations function in our society and how owners and industry professionals can have a hand in achieving the key objectives as I have stated them in this infographic.
Can we spend our Reserve Funds on this project? This is common question
raised by Boardmembers and Manager of condos, HOAs and other forms of
association governed communities.
The concept of an agriculturally-oriented community, in which association-owned land within a residential subdivision is developed as a working farm, is becoming an interesting reality.
If a leader of community volunteers can remember, embrace and live these four simple words, they are bound to make a profound impact on the volunteers in their circle. In turn, those volunteers will have boundless impact on the communities they serve.
In the prior Practical Application article, we showed the annually required reserves disclosures to be a powerful and easy to use planning and communication tool on their own.
