If you have been following the HOA Detective blog for any length of time then you know that yours truly talks a lot about the importance of reserve planning and funding for homeowners associations. To quickly recap, the position of the HOA Detective is that reserve planning and funding of a reserve account is the … Continue reading 2020 and Beyond: Mandatory Reserve Funding…Really?
reserve study
The HOA Blotter: May 7, 2017
Dateline: Portland, OR - This weeks' round-up of HOA horror stories includes the case of a 22 unit, single-building condominium in the Portland area that was forced to levy a special assessment to pay for exterior building renovations after 37 years of under-funding its reserve account. While it is true that many HOAs end up … Continue reading The HOA Blotter: May 7, 2017
Because You’re Buying More Than A Home: Part V
Admittedly, it's been a while since the HOA Detective touched on this topic, but that's not because yours truly hasn't been busy. To the contrary, the number of buyers purchasing homes in HOAs, and condominiums in particular, seems to be never-ending. In our quest help shine the light of day on the pitfalls of homeowners … Continue reading Because You’re Buying More Than A Home: Part V
Reserve Studies: The Importance of Objectivity
Why is it important that the reserve study be prepared by an impartial, third-party provider? This is a question that many reserve study providers would just as soon not have to answer. It is also one that the industry itself has chosen to address in only a passing manner by requiring that the reserve study … Continue reading Reserve Studies: The Importance of Objectivity
