Approximately 70% of associations have “underfunded” Reserves, threatening the sustainability of the association and damaging the market value of the homes. In an industry where the majority of boards successfully budget to pay their bills, secure insurance coverage, enjoy the assistance of professional management, and manage regular elections of new leadership, why does such a glaring blind spot persist? And that’s even without the additional financial pressures of COVID-19! Join us for this stimulating and thought-provoking discussion on “The Case for Adequate Reserves” by three industry veterans from the field of Reserves, Insurance, and Law: Robert Nordlund, PE, RS (Reserve Study expert), Joel W. Meskin, Esq., CIRMS, CCAL (Attorney and D&O Insurance industry expert), and George Nowack, Jr, Esq, CCAL (Attorney).
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