An HOA reserve study is an essential tool in future financial planning. Without it, an association would have no way of knowing how much it needs to repair or replace major components when their estimated useful life runs out. Despite the importance of a reserve...
How much should an HOA have in reserves? The reserve fund plays an important role in the financial well-being of a homeowners association. But, far too many HOA boards don’t know the first thing about funding their reserves or how much to contribute every year to meet...
