3
Min Read
The Impact of Inadequate Reserve Funding by the HOA BoardThe Impact of Inadequate Reserve Funding by the HOA Board
Homeowners associations are established to ensure the proper maintenance of common areas, amenities, and other...
5
Min Read
How Often Do You Recommend Doing a Reserve Study?How Often Do You Recommend Doing a Reserve Study?
Reserve studies are a critical tool for HOAs to help ensure that they have adequate funds available to cover future...
3
Min Read
Can the HOA Board Borrow Money from the Reserves?Can the HOA Board Borrow Money from the Reserves?
Homeowners associations (HOAs) are organizations responsible for maintaining and managing common areas and amenities...
7 Common Questions HOA Board Members Ask About Budgets7 Common Questions HOA Board Members Ask About Budgets
Many HOA board members get into trouble due to not understanding the operating fund and reserve fund in a homeowners...
4
Min Read
What HOA Boards Can Learn from the Surfside Condo CollapseWhat HOA Boards Can Learn from the Surfside Condo Collapse
A homeowner’s association’s worst nightmare occurred on June 23, 2021, when a 12-story beachfront condominium in the...
2
Min Read
Can the Reserves Be Adjusted for Items Costing More Than Planned For?Can the Reserves Be Adjusted for Items Costing More Than Planned For?
Picture yourself in this scenario: The clubhouse needs a new water heater and it will cost $10,000. But all prior...
2
Min Read
3 Options if You Need to Make a Big Repair NOW in Your Association3 Options if You Need to Make a Big Repair NOW in Your Association
As a general practice, what does an HOA board do if there’s a problem in the association that exists right now, but not...
1
Min Read
What is a Reserve Study, Really?What is a Reserve Study, Really?
The slightly technical definition of a reserve study is: a budgeting tool based on the art and science of anticipating...
How a Reserve Plan Helps an HOA Board Protect Current HomeownersHow a Reserve Plan Helps an HOA Board Protect Current Homeowners
Planning for future repairs and maintenance costs of common areas in the homeowner’s association is one of the most...
3
Min Read
How to Eliminate the Risks of Inadequate HOA Reserve FundsHow to Eliminate the Risks of Inadequate HOA Reserve Funds
The risks of not having enough HOA reserve funds for your community are as serious as the risks of not having enough...
Why a Loan is (Sometimes) a Good Idea for Your Homeowners AssociationWhy a Loan is (Sometimes) a Good Idea for Your Homeowners Association
Your association board is planning for the big project on the horizon, and is currently reviewing how to finance it....
1
Min Read
Can a Board Use Reserves for an Item Not Listed in the Reserve Study?Can a Board Use Reserves for an Item Not Listed in the Reserve Study?
The purpose of the reserve fund is to plan for future repairs and replacements in the association. But what about...
2
Min Read
How To Interpret Your HOA Reserve StudyHow To Interpret Your HOA Reserve Study
More often than not, sitting down to review your HOA reserve study can be about as easy to understand and enjoyable as...
2
Min Read
3 Things an HOA Board Can Do Now to Combat Costly Maintenance3 Things an HOA Board Can Do Now to Combat Costly Maintenance
There's always work to be done, especially in a homeowners association. It’s crucial that an HOA Board plan for...
2
Min Read
Is Your HOA Board Saving Enough for the Reserves?Is Your HOA Board Saving Enough for the Reserves?
How does the reserve fund in your homeowners association look? If your fellow HOA board members tend to look the other...
2
Min Read
3 Reasons It's Crucial to Regularly Collect for Reserves in Your HOA3 Reasons It's Crucial to Regularly Collect for Reserves in Your HOA
Reserve funds are not an extra expense. They are part of the ongoing expenses of the homeowners association which...
1
Min Read
Why Your HOA Board Should Use a Reserve SpecialistWhy Your HOA Board Should Use a Reserve Specialist
As an HOA board member you probably know what a reserve study is and the importance of doing one. Equally important is...
2
Min Read
Real Member Questions About How an HOA Board Uses the Reserve FundReal Member Questions About How an HOA Board Uses the Reserve Fund
Each and every homeowner’s association should have a reserve fund as part of its budget to plan and prepare for future...