The THREE-PART TEST to Help Fund ANY HOA Component | Reserve Studies 101 Pt 2 of 4

Описание: Not all HOA components qualify for reserves. Discover the 3-part test to fund the right ones in your reserve study.
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Which components are appropriate to fund through reserves. Should the parking lot be in there? What about the landscaping? What about something with a long life, like an elevator? The good news is that there's a simple three part test that identifies which project should and should not appear in your reserve plan. To see this test in action, in this portion of our reserve studies, 101 webinar, we'll take you on a virtual tour of a few associations. We'll show you examples how this three part test is applied to many different types of reserve projects. By the end, you'll learn why some projects should be funded through your reserve budget and why others are left out. Having all the appropriate projects appear in your component list helps you minimize unwanted surprises like special assessments, because you'll be financially prepared.
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00:00 What is the three-part test for funding HOA components?
01:12 Why were national reserve study standards updated in 2023?
02:34 How do you determine if something is an association responsibility?
03:44 What is “signature authority” and how does it affect funding decisions?
04:46 Why checklists don't work and what you should do instead
06:13 What counts as a predictable and appropriate reserve component?
07:41 Can office computers or HVAC units qualify for reserve funding?
09:03 Should you include structural concrete or sump pumps in your plan?
10:35 When does plumbing qualify as a reserve project?
11:51 Can historical landslide repairs guide future funding?
13:03 Why capital improvements like new pickleball courts are excluded
14:32 What core details should be listed in every reserve component?
15:20 How do reserve studies become more accurate over time?

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