6 Steps to Determine How Much Your HOA Should Have in Reserve
Homeowner’s Associations (HOAs) play a crucial role in maintaining the safety, appearance, and value of a community. One of the key responsibilities of an HOA…
Category: Reserve Study
Is Your HOA’s Reserve Study Out of Date?
As a homeowner or board member in a community governed by a Homeowners Association (HOA), you may be wondering how often your community should conduct…
Reserve Funds – How Much Does Your HOA Need?
The financial operations of running a community consist of two types of funds: operating funds and reserve funds. The operating funds are primarily used for…
When to Use Your Association’s Reserve Fund
Let’s start off this article by discussing the difference between the reserve fund and the operating fund – including how to know when to use…
Reserve Studies Explained
A reserve study is a long-term budget-planning tool designed to identify the current status of an association’s reserve fund, which offsets the association’s ongoing disrepair…