Funding HOA Reserves For the Common Good

Funding HOA Reserves For the Common Good

Robert N Roop Homeowner’s association boards are elected community members who are tasked to look after the shared amenities and physical assets of the community. And to ensure that each of these assets will maintain its value over time, a carefully planned reserve study should be conducted by the association to properly allocate the monetary resources necessary for any maintenance or improvements of the amenities and assets in the future. Read More...
Are Your Reserves Protected by FDIC?

Are Your Reserves Protected by FDIC?

Craig Huntington With the recent stress in the financial market, many boards and property management companies are beginning to more closely monitor the insurance of their funds. For many years now, leaders in the HOA banking and auditing industry have stressed the importance of following established laws and adhering to their fiduciary responsibility that governs the insurance of these funds, and the recent financial stresses further emphasize this need. One of the most widely accepted and valuable tools for ensuring full insured funds are a program called CDARS. Read More...

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