A. The reserve fund is established so that the HOA can build up money to offset the ongoing deterioration of common area components included in the HOA’s reserve study. If the reserve study included ...

Q. I am on the board of directors of a mid-rise condominium association. For at least the last 20 years, the association has not had a reserve study. The current board is split as to whether to ...

Q: Our homeowners association will be having a reserve study soon. There is very little useful information about reserve study specialists to be found at the Nevada Ombudsman's office. Is there a list ...

Last time I explained why the need for a Reserve Study exists. This time, some ideas of what you should have in one. First, as a reminder, a reserve study is simply a better budget planning tool that ...

A Tampa condo roof caves in mid-hurricane season. No reserve fund. No backup plan. Just angry emails, emergency fees, and a board scrambling to stay afloat. Now flip it: same storm, but the fix is ...

Q. I am a new treasurer of a small condominium association in the Lincoln Park area. We just completed the first reserve study since these buildings were converted in the 1980s. Not only is the ...

Q: My homeowners association is planning for our 2020 budget but will not meet the minimum contribution requirement as written in our recent reserve study. Our study requires a minimum of $40,000 per ...

A: The reserve fund is established so that the homeowners association (HOA) can build up money to offset the ongoing deterioration of common area components included in the HOA’s reserve study. If the ...