• Why Reserve Funds Matter and How to Adequately Budget for Them

  • 2024/10/22
  • 再生時間: 36 分
  • ポッドキャスト

Why Reserve Funds Matter and How to Adequately Budget for Them

  • サマリー

  • Homeowners’ associations should set aside anywhere from 15 to 40 percent of their annual budget to adequately fund reserves, says Reserve Specialist Matthew Swain. However, many boards and associations kick the can down the road and avoid setting aside money into their reserve fund because they don’t want to increase assessments. But if you treat reserves like an impound account on a mortgage, it will be easier for boards and associations to pay expenses when components fail or need to be replaced or repaired. In this episode, host Tom Freeley and Swain discuss how to approach a reserve budget, what a reserve study should cover, the three- part test for reserve studies, and national reserve study standards.

    Links & Resources:
    Visit us at www.cacm.org
    To listen to other podcast episodes, go to https://cacm.org/podcast/
    Follow us on social media: @cacmchat
    LinkedIn: https://www.linkedin.com/company/cacm/
    Facebook: https://www.facebook.com/CACMchat/
    Instagram: https://www.instagram.com/cacmchat/
    X: https://x.com/CACMchat

    続きを読む 一部表示

あらすじ・解説

Homeowners’ associations should set aside anywhere from 15 to 40 percent of their annual budget to adequately fund reserves, says Reserve Specialist Matthew Swain. However, many boards and associations kick the can down the road and avoid setting aside money into their reserve fund because they don’t want to increase assessments. But if you treat reserves like an impound account on a mortgage, it will be easier for boards and associations to pay expenses when components fail or need to be replaced or repaired. In this episode, host Tom Freeley and Swain discuss how to approach a reserve budget, what a reserve study should cover, the three- part test for reserve studies, and national reserve study standards.

Links & Resources:
Visit us at www.cacm.org
To listen to other podcast episodes, go to https://cacm.org/podcast/
Follow us on social media: @cacmchat
LinkedIn: https://www.linkedin.com/company/cacm/
Facebook: https://www.facebook.com/CACMchat/
Instagram: https://www.instagram.com/cacmchat/
X: https://x.com/CACMchat

Why Reserve Funds Matter and How to Adequately Budget for Themに寄せられたリスナーの声

カスタマーレビュー:以下のタブを選択することで、他のサイトのレビューをご覧になれます。