Q: To prepare our 2026 budget last September, the board requested a reserve study update. This was done because the board wanted to improve the reserve percent funded, which had fallen below 60 ...

We need an updated reserve study. What should we do? If your reserve study must be updated in 2024 or 2025, you should contact the association’s engineer now and get on the schedule. If your reserve ...

A Tampa condo roof caves in mid-hurricane season. No reserve fund. No backup plan. Just angry emails, emergency fees, and a board scrambling to stay afloat. Now flip it: same storm, but the fix is ...

Q. I am on the board of directors of a mid-rise condominium association. For at least the last 20 years, the association has not had a reserve study. The current board is split as to whether to ...

Last time I explained why the need for a Reserve Study exists. This time, some ideas of what you should have in one. First, as a reminder, a reserve study is simply a better budget planning tool that ...

Q: Our homeowners association will be having a reserve study soon. There is very little useful information about reserve study specialists to be found at the Nevada Ombudsman's office. Is there a list ...

The deadly building collapse of Champlain Towers South forced many condo owners to start asking questions. The disaster also highlighted a need for change. Starting in 2025, state law will require ...

Many people have heard the stories of common areas within planned communities falling into neglect. That’s why the Delaware Uniform Common Interest Ownership Act (DUCIOA) now mandates that all planned ...