Beacon Management Services:Home/Atlanta HOA and Condominium Management Companies and Reserves Studies: Part 1
Atlanta HOA and Condominium Management Companies and Reserves Studies: Part 1
Community associations come in all sizes. They vary in age, amenities provided, and maintenance obligations. Careful planning for future repairs and replacements is not only in the best physical and fiscal interests of the community association, it is required by law in some states. Maintaining a reserve fund not only meets legal, fiduciary and professional requirements, it also minimizes the need for special assessments and enhances resale values. Every community association requires a different amount of cash in reserves to complete repair or replacement projects on schedule without special assessments or loans. How does an association properly determine and compile adequate reserves to fund necessary repair and replacement costs?
By conducting reserve studies.
By Lisa Simmons|2021-02-18T00:23:21+00:00July 24th, 2013|Atlanta Association Management, Atlanta Community Association Management, Atlanta Condominium Management, Atlanta Homeowner Association Management News, Atlanta Housing Market, Atlanta Property Management, Atlanta Real Estate, Commercial Property, Condominium News, Masterplanned Communities, Residential Property|0 Comments