Helping you understand community association business with industry leading insight.
How Do You Define Adequate Reserves?
Maintaining adequate reserve funds is crucial to keeping any community association running smoothly. But, what exactly are adequate reserve funds, and how do they impact the board, managers, and residents?
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Building A Financial Foundation
This webinar covers essential strategies for building a solid financial foundation for community associations, focusing on reserve funds and capital planning.
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How Often Should A Reserve Study Be Done?
Updating your association’s reserve study is essential for the financial and physical wellbeing of the property and residents alike. Updates keep funding plans and repair and replacement schedules on track, and current and future homeowners will benefit from stable, equitable reserve contributions.
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Trees and Landscaping: Operating or Reserve Expense?
The Community Associations Institute’s Reserve Study Standards do not present a minimum cost threshold for
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Effective Stormwater Management: The Importance of Ponds in Community Associations
When it comes to stormwater management, it is incredibly important that associations have a system in place to avoid flooding in any area. Enter: ponds!
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Florida Reserve Funding Methods: Component, Cash Flow, and Making the Switch
Funding using the component method was legally required in Florida for decades, but since the administrative code was adjusted in 2002, many associations have adopted the cash flow method, or pooled reserves. So, what are the component and cash flow methods, why would an association choose cash flow, and how do they make the switch?
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Residential Roof Essentials: Types, Maintenance, Best Practices, and More
Roofing systems are one of the most valuable components of your property, and they sure do take a beating to ensure that you remain sheltered. So, when it comes time to take care of your roof, what do you need to know, and what can you do to protect it?
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Securing Capital: Strategies for Financing Association Projects
This webinar covers essential strategies for financing association projects, especially when reserves are insufficient.
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Reserve Funds: Don’t Be Scared to Use Them!
Reserves, like any other savings fund, often have too little money at any given time, leading to issues such as special assessments or deferred maintenance. But unlike retirement accounts, which benefit from having as much cushion as possible, it is possible that reserve funds contain too much money.
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Mitigating Financial Risk: Reserve Studies, Lending, and Insurance
In the ever-evolving landscape of community associations, one trend is becoming increasingly apparent: lenders and insurers are focusing on reserve studies. Traditionally overlooked and used as an internal planning tool, reserve studies are now capturing the attention of external individuals and institutions, particularly lenders and insurance companies.
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Masonry Maintenance: A Guide for Condos and Community Associations
Masonry and brick buildings are beloved for their enduring class and elegance, but much like any beautiful thing that is to be long-lasting, they require continuous maintenance. For condominiums and community associations overseeing such buildings, implementing technically sound maintenance protocols is crucial for not only preserving aesthetics but also for optimizing costs long-term.
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Navigating Financial Challenges: Structural Integrity Reserve Studies
Ensuring the structural integrity of buildings is a primary concern for community associations in Florida, where climate and weather events can pose a significant threat to buildings and their residents. Structural Integrity Reserve Studies (SIRS) address this, but the financial implications of the required implementation of these studies have proven a significant challenge for many associations.
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Exploring Reserve Funding Strategies
This webinar covers essential information on reserve funding strategies, focusing on the importance of reserves and how they can be effectively managed for future capital expenditures.
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Reserve Study Terminology
Throughout the reserve study process, you’ll hear a lot of terminology that may be unfamiliar to you. Whether you’re just learning what a reserve study is or you have your first report in hand, here is a list of the terms you need to know.
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Navigating the Reserve Study Process
One indispensable tool in your arsenal is the reserve study—a comprehensive examination of a property’s physical components and financial needs and a long-term capital plan to meet those needs. In this guide, we’ll walk you through each step of conducting a reserve study, demystifying the process, and empowering community associations to feel confident about the reserve study process.
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Getting the Most Out of Your Reserve Study Report
Reserve studies provide a comprehensive report containing what may seem like an endless amount of information about your association, and can be understandably intimidating to digest. While all the details provided are valuable, reading and utilizing a reserve study report doesn’t have to be an overwhelming task. If you’re looking to get to the meat and potatoes of your report, this guide is for you.
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