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On Feet Nation
HOAs should have a reserve study regularly to determine how much funds they need for projected repairs and replacements. Board members should therefore create a plan for funding their reserves. One issue that affects most HOAs is underfunding their reserves. A reserve study should be conducted to ensure enough funds in the reserves.
What is a reserve study?
This is a budgeting tool that allows HOA to plan their funds to cover replacements costs of communities' physical…
Added by Clark on December 21, 2021 at 9:58am — No Comments
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