The primary responsibility of the Board of Directors is to maintain, protect, and enhance the assets of the association. Typically, the most significant assets and related expenses of an association are those identified within a Reserve Study. To be an effective planning, communication and disclosure document,
As a leader in Reserve Study education the past 30 years, I am enamored with the concept of using “webinars” to teach our clients about Reserve Studies.
In our last newsletter we shared a memorable board meeting story of an extremely unsettling experience with a man who relied on an aggressive act to show his displeasure with the Board.
Summer is the time for large maintenance and landscape projects and that means spending the big bucks. Too often, HOA discover that they don’t have the money to cover these large expenses. This usually leaves the association with the choice to either impose a special assessment or get a loan. So what one do you choose?
Every Reserve Study gives you three key pieces of information, useful for annual budget planning and owners disclosure purposes. Knowing what to look for will save you time and allow you to more effectively communicate those results to others. The three results are:
Every Reserve Study has two parts: information on the physical condition of the property and the financial analysis that consists of results computed based on that information. While every Reserve Study should have a similar
