The Perfect Budget for Your HOA? (This has your answer!) | Reserve Study Basics Pt 3

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Association Reserves

Association Reserves

Күн бұрын

What should your HOA budget be? Whats going to sustain your community for the future? We'll show you how your reserve study determines that!
✅ Is a Reserve Study right for you? 👉 www.reservestudy.com/
Deciding on your HOA’s budget? Let’s look at the type of reserve study you’re getting, the 3 parts of a reserve study, and the 3-part component test to qualify something as a project for reserves. In Part 3 of the Reserve Study Basics webinar, we are taking a look at the reserve study that will set your foundation for every decision you’ll make on the board!
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00:00 Intro
01:13 Types of Reserve Studies
03:28 4 Reserve Rules
06:04 3 Parts of a Reserve Study
06:27 Reserve Component List
07:57 Reserve Component Test
09:19 Is Your Budget Enough?
09:55 What’s Your Percent Funded?
12:54 How Much Budget Goes to Reserves?
13:41 The Funding Plan
#hoa #hoabudget #reservestudy

Пікірлер: 3
@reservestudies
@reservestudies 2 ай бұрын
✅ Is a Reserve Study right for you? 👉 www.reservestudy.com/
@Doris-jz2xe
@Doris-jz2xe 2 ай бұрын
My HOA, e.g. has a ditch in the streets (asphalt) about 12 inches wide and 5 inches deep, and is getting worse. I pointed this out to new potential home buyers who clearly did not care. They are starry-eyed, fearful that others will get the house and end up paying more than the asking price. A house that was purchased at $175,000 new was sold for almost $800,000. We have a poorly funded reserve study because we have no BOD, no annual meetings, no elections. The management co. is the lead instigator of embezzling our money, along with a few fake BOD/officers. The corp. BVH, Inc. is currently suspended by the FTB. I cannot afford an attorney, and have been to small claims court without the support of the other homeowners mainly because they are afraid. I have been physically battered, at least 3 times, once being trapped in my car door while mace was being sprayed directly into my eyes and nose. This is no longer any form of a democracy. We are segregated and easy prey because the real estate criminals know that most people don't have the time to read the CC&Rs and the Bylaws which are meant for lawyers to read. The only positive is I know where my enemies live. I will be 71 in a week, have a reverse mortgage and live alone in Los Angeles. FYI.
@Chicago_Clout
@Chicago_Clout 2 ай бұрын
Deferred maintenance will destroy a community in no time. CROOKED Creek HOA in Sarasota is a mess.
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