Upcoming Webinars

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Past Webinars


Older Condos Part 1 Q&A eBook

The collapse of Champlain Towers South, a 12-story condominium association in Surfside, FL, captured the nation’s attention because it was so unexpected and so deadly. In the midst of so many unanswered questions about what led to this tragedy, Association Reserves’ goal is to help associations respond effectively, and rise to meet the specific challenges of maintaining properties as they age. On July 28, 2021, a panel of four industry experts were brought together to address key issues and best practices so managers, board members, and homeowners can respond appropriately, making the present less stressful and the future more secure for their associations. The content of this eBook consists of questions asked by the webinar attendees and answers provided by our expert panel.

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Sample Reserve Policy

Provided as a courtesy by Association Reserves.
Please customize as appropriate and review with appropriate legal and accounting professional counsel

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How Much Reserves Should a Condo Have?

Association-governed communities come in all types, shapes, and sizes. They may be known by different acronyms — Condos, Co-Ops, HOAs, POAs, or PUDs — and residents choose to live there for a variety of different reasons. One of those reasons is having affordable access to amenities related to leisure activities. This can include a pool, a fitness facility, tennis courts, playgrounds, parks, golf course, and more. And keeping these desirable community features up to date and well-maintained over the years requires a predictable amount of capital. This capital is called the Reserve Fund.

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What is a Reserve Study?

A Reserve Study helps you to anticipate and prepare for repair and replacement expenses at your property. All buildings begin to physically deteriorate the moment they are completed, making the need for repairs not a question of if but when? This is where a Reserve Study comes in, turning these projects into predictable expenses, rather than a financial surprise.

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Conducting Reserve Studies: What You Need to Know

As we look towards the final months of this year, it’s time to begin planning and consider the important role of HOA Reserve Studies. An updated Reserve Study guides your association to have sufficient funds before a major physical asset fails. Otherwise, you’ll be forced to scramble for additional funding to cover essential common area repairs and replacements that are both inevitable and predictable.

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