Reserve Planning: Practical Application (Part 1 of 6)
Because association boards are run by volunteers with typically high turnover, fundamental education will always be at the heart of their success. Within my 2014 newsletters to you,
Stucco is a rough substance, containing cement, sand, water and lime, used for covering the exterior walls of a building and is very common in Southwest states.
“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.
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.
