Private Professor
The HOA Reserve Study and Long-Term Financial Planning Guide
How to Read, Fund, and Act on Your Community's Most Important Financial Document
Somewhere in America right now, an HOA board is about to send homeowners a letter announcing a $30,000 special assessment. The roof that was supposed to last another ten years failed catastrophically. The reserve fund has $47,000—and the replacement costs $1.2 million. The board members are shocked. They shouldn't be. The reserve study sitting in a filing cabinet has been warning about this for years. Nobody read it. This guide ensures you're not that board.
Inside this guide
- What Reserve Studies Are and Why They Exist
- Anatomy of a Reserve Study: Reading the Document
- Percent Funded: The Number That Tells the Story
- Funding Strategies: Choosing Your Path
- When Special Assessments Become Necessary
- The True Cost of Deferred Maintenance
- Working with Reserve Study Professionals