When making a decision on who is reasonable candidate to perform a reserve study for your association, here are a few things to keep in mind. 1. Make sure the firm you select is truly in the business of providing reserve studies. Sometimes associations wind up contacting someone who can perform reserve studies, but does […]
reserve study checklist
Reserves Budgeting: Do’s and Don’ts
With budget season approaching, here is a quick list of reserve budgeting dos and don’ts. Dos: Look at your reserves yearly. Some associations just reuse old numbers that are not realistic and are not based on proper data. Try to get the proper reserve items on the reserve schedule. One of the most common mistakes […]