For condo associations, reserve funding is required by law. Although there can be some wiggle room and even a potential to hold a majority vote to do away with reserve funds, this is rarely a good decision. Reserve funds are a vital component to a condo association’s...
Your condo association has this stash of money set aside called the reserves. You and many other members think that money should go toward a new paint color in the fitness center. That old pea green just isn’t doing it for you. You should be able to use those reserve...
While we’ve talked a lot about budgeting needs for your HOA and condo association, there is a specific subject regarding budget that we wanted to tackle in this blog. It’s the reserve fund. What is the reserve fund? The reserve fund, or reserve budget, exists to take...
After a year like 2020, we might feel lucky just to still have a roof over heads and a community to live in. There’s nothing like a pandemic, social justice movements, natural disasters and an election to put things in perspective. But for HOAs and condo associations,...
With 2020 coming to a close we look to prepare for 2021 after one of the most challenging years most of us have ever experienced in our lifetimes. While it has not been the easiest year, we have been amazed and impressed by how HOAs, condo associations and planned...
