by Eduard | May 18th, 2020 | Finances
“Red Flags” that Signal Potential Reserve Account Problems Homeowners associations must conduct periodic reserve studies in order to have a realistic estimate of the costs of repairing and replacing major common area components such as roofs. Ideally, an...
by Eduard | Oct 9th, 2018 | Finances
14 Warning Signs that Signal Homeowners Association Reserve Problems State laws and/or association governing documents typically mandate an HOA reserve study be prepared for funding the future replacement of major components such as roofs, streets, and exterior paint....
by Eduard | Apr 23rd, 2018 | Finances
An Overview of the HOA Reserve Study Process State statutes and association governing documents require homeowners associations, regardless of size, to perform reserve studies and maintain appropriate levels of reserve funds. The purpose of such a rule requiring an...
by Eduard | Apr 17th, 2018 | Board of Directors, Finances
8 Steps HOA Boards Can Take to Minimize the Risk of Fraud & Embezzlement Because they rely heavily on volunteer homeowners with varying background experience and limited time that is devoted to providing services as a director, Homeowners Associations are...
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