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HOA Reserve Study Tutorial – Article by Richard Thompson

Posted by AmberPM on April 25, 2011 · Leave a Comment

Every homeowner association should exercise a plan to repair and replace major common area components like roofs, siding, and decks. Healthy reserves are critical to a healthy association because: Buyers examine the Reserves before buying Lenders examine the Reserves before approving a loan The board has a fiduciary responsibility to protect the association from financial … Continue reading →

Filed under CC&R Enforcement · Tagged with Amber Property Management, Association, Civil Code, common elements, Finance, healthy reserves, Life Expectancy, limited common elements, Maintenance, Orance County Property Management, Property Management, Replacement cost, Reserve Balance, Reserve Fund, Reserve Study

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YOUR CLAC UPDATE
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  By Martha Fogg, recipient of the 2018 Duncan McPherson Scholarship Award I attended the CAI/CLAC Legislative Day in Sacramento over the weekend. The experience, education and information was invaluable. Sessions began on Sunday through part of Monday. There are more than 33,000 CAI members and over 60 chapters worldwide. CAI tracks Federal and State legislat […]
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HOA INSURANCE
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  Water damage claims can be very expensive to deal with, cause untold frustrations and have the potential for a living nightmare within your HOA complex. While you cannot prevent every possible situation where water can cause damage; here's a list of simple steps every association can take to reduce/eliminate many causes of water damage issues.Washing ma […]
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