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...
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...
2
Min Read
What Percentage of Reserve Funding is Considered Healthy for an HOA?What Percentage of Reserve Funding is Considered Healthy for an HOA?
There are differing viewpoints when it comes to percentage funding of the reserves. Just going on percent funded can be...
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...
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
When Misguided Attempts to Keep HOA Fees Low Affect the Reserve FundWhen Misguided Attempts to Keep HOA Fees Low Affect the Reserve Fund
The reserve fund of a homeowners association is often misunderstood by members and sometimes the HOA board as well....
1
Min Read
Why It's Crucial to Regularly Collect for Reserves at Your Homeowners AssociationWhy It's Crucial to Regularly Collect for Reserves at Your Homeowners Association
Reserve funds are not an extra expense. They are part of the ongoing expenses of the homeowners association which...
3
Min Read
How Many Years Should an HOA Reserve Study Cover?How Many Years Should an HOA Reserve Study Cover?
So, your homeowners association is contemplating doing a reserve fund study. Perhaps you are a new HOA and need to...
5
Min Read
The Legacy of Your HOA Board: Passing the TorchThe Legacy of Your HOA Board: Passing the Torch
When a new HOA board is transitioning into power, having solid foundations for the new members is important to the...
3
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
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. If you don’t, take a...
4
Min Read
Eliminate the Risks of Not Having Adequate HOA Reserve FundsEliminate the Risks of Not Having Adequate 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...
2
Min Read
Questions About How an HOA Board Uses the Reserve FundQuestions 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...
2
Min Read
What is a Reserve Study and Why Should an HOA Board Care?What is a Reserve Study and Why Should an HOA Board Care?
As a homeowner or renter in a homeowners association, you know the importance of setting aside a little bit of money...
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...
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....
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...
Quick Cheat Sheet: Clarifying the HOA Operating & Reserve BudgetsQuick Cheat Sheet: Clarifying the HOA Operating & Reserve Budgets
You have many responsibilities as an HOA board member that require you to make decisions and take action. Some of the...