Reserve studies are reports that show funding models to communities to estimate and provide for the funding necessary to repair or replace components of common areas as they wear out. These reserve studies may be performed by a number of professionals with varying backgrounds. Currently, there is only one state, Nevada, which requires licensure through […]
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Sweeping Reserve Funding Changes for Condos and Co-ops
Governor DeSantis on May 26th, 2022 signed into law SB 4D – Building Safety Act for condominium and cooperative associations. This bill applies to all condominiums and cooperatives with buildings that are 3 stories or more in height and was a passed in a special legislative session. This comes only 2+ months after the previous […]
Reserve Funding Status Quo For 2022
**Update** On May 26th, 2022 broad changes were made to funding reserves and inspections. Click to read about the major changes to reserve funding in Florida. Florida Reserve funding laws for condominiums and coopeartives will stay the same for at least another year (no changes were proposed for home owner associations). This comes after several […]
5 Ways to Turn Around Your Reserve Fund Situation
It is common for associations to be a couple decades old and to never have had a reserve study performed. In fact, we hear that quite a bit. It is likely that if your association has never had a reserve study that they are not funding enough in reserves or are issuing special assessments to […]
FHA Reserve Funding Requirements
FHA financing is a popular choice to finance single family homes or condominium units. FHA loans require only a 3.5% down payment minimum on purchases by the buyer, making it the most affordable option for many families. FHA Condominium Project Guidelines Due to the small down payment amount, many condominium projects are interested in obtaining […]
Reserve Study
What is a reserve study? A reserve study report is a budget planning tool for community associations or special use properties. Reserves focus on the long term planning part of the budget of assets that last more than one year and have a repeating life cycle. A reserve study predicts an asset’s remaining life, life […]
Save Your Association Money with These 7 Tips
Let’s face it, there are a lot of expenses when operating a community association. HOA assessments generally seem to just keep going up. Board members may be thinking about saving money for the association, but are they looking in the right areas? The following tips are ways for associations to potentially save money by the […]
Hazard Insurance Appraisal Checklist
Knowing how to proceed and how to get things done is often vitally important. But that isn’t enough by itself; it doesn’t stop there. It is also equally important to know what you should NOT do, what errors to avoid. One way to achieve that is to discover what mistakes others have made and then […]
Insurance Appraisal
What is an insurance appraisal? An insurance appraisal is a report that estimates the replacement cost of the buildings and improvements of the community association or specific property. An insurance appraisal will have line items for every building and insurable improvement. Essentially, it’s a detailed summary of the community’s assets that can be presented to […]
About Us
Our office is located in Tampa, Florida. We offer a variety of valuation services, predominantly insurance appraisals and reserve studies for community associations. We work with clients from all over the state including Tampa, St. Petersburg, Sarasota, Fort Myers, Orlando, Miami, Fort Lauderdale, West Palm Beach, Jacksonville, Tallahassee and many other locations. Please do not hesitate to […]