Category Archives: Blog

How Much are Adequate Reserve Contributions?

by Steven Beltramo, Project Manager At Association Reserves we understand board members face a big challenge to budget for the maintenance and replacement of their association’s major common area assets. Boards typically have little knowledge of project costs and when … Continue reading

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Change to the FHA “10% to Reserves” Rule?

FHA approval is a status condo associations can attain, allowing unit owners/buyers to receive FHA insurance on their loans which make those loan more attractive to lenders. Depending on your location, as much as 30% – 40% of all residential … Continue reading

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Is a Reserve Study Required Annually in California?

In a word, yes. California Civil Code 5550 requires a Reserve Study based on a “diligent visual site inspection” at least every third year, but requires the Board review that Reserve Study annually and “consider and implement necessary adjustments”. That’s … Continue reading

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Make your Association 35% Better!

We all know that scarcity causes conflict and stress. Scarcity of Reserves causes deferred maintenance and special assessments, drags down property values, and causes other related problems. How can an association avoid these problems and emerge with sufficient funds to … Continue reading

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Setting our Industry Up for Success

After 30 years preparing Reserve Studies, helping associations make wise decisions about their capital budgets to avoid surprises and the high cost of deferred maintenance, Robert Nordlund of Association Reserves has joined the national “Think Tank” of the Foundation for Community … Continue reading

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Does our Association Need to have Healthy Reserves?

A good answer is both “yes” and “no”. Let me explain. Yes: Typical Governing Documents and the uniform legal expectations of Boardmembers  across the country require Boardmembers to maintain and protect the assets of the corporation on behalf of the … Continue reading

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Is 10% of Budget to Reserves a Law?

Click here to see a list of laws we compiled from across the country with respect to Reserves. While 30 states have some legal requirements, the “10% of budget to Reserves” is not a law. But it’s something you want … Continue reading

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Underfunded Reserves – the $10 Solution!

In a recent webinar, an attendee remarked how simple it seemed to get on the path to appropriate Reserve funding. They were right! The problem of underfunded Reserves in community associations across the country can eliminated in five years with … Continue reading

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The Four Reserve Rules

In preparing to speak to two different audiences in two days, both made up of new boardmembers and new managers, I wanted to make sure I was communicating the simple truths about Reserve planning. It forced me to get down … Continue reading

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Can you (still) Revise our Reserve Study?

Sometimes, the answer is no. Yesterday a former client asked about their Reserve Study which we completed back for their 2010 Fiscal Year. They recently found out that the short maintenance road to the adjacent water tower is their responsibility … Continue reading

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