Reserve funds and studies are essential to HOA operations, but many associations have underfunded reserves. To help address this issue, Associa Canyon Gate Management hosted an educational webinar for board members.
In the session, Andrew Stoutenburg, PE, RS with Reserve Advisors, discussed the benefits of reserve studies and shared how to interpret and relay pertinent information to members.
Other topics include:
- How to plan for the expense of repairs and replacement of association assets
- How to forecast the useful life of association assets
- How to read reports that may assist in developing preventative maintenance plans
- How to communicate pertinent information from the reserve studies to the association membership