Are You Funding Enough for Your HOA? (Create the Best Funding Plan) | Reserve Studies 103 (2024)
Автор: Association Reserves
Загружено: 2024-07-16
Просмотров: 346
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So how do you keep your HOA in the safe zone anyway? Watch as we unveil the core part of your board member role - the reserve funding plan.
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
Having a reserve funding plan is the BEST way to secure your community’s future. Deterioration is not happening later, it’s happening now. So it’s best to pay for the assets spread-across thin throughout the years, rather than lumping it all together and upsetting homeowners. In our Reserve Studies 103 webinar, we’ll show you what you should be planning for, how much to set aside for reserves, how to fund your reserves, and why.
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00:00 Intro to The Funding Plan
01:55 Reserve Expenses Vs Operating Budget
04:26 What Reserve Funding Does
06:17 What Affects Reserve Funding Needs
11:08 How Much Margin to Have
13:58 Pooled VS Straight Line Method
23:00 Overview
25:56 HOA Resources
#hoa #fundingplan #associationreserves
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