Inflation and Your HOA: Understanding and Planning for Rising Costs
Inflation can be a confusing topic, especially when it comes to long-term financial planning for your homeowners’ association (HOA). A Reserve Study, which is a crucial tool for forecasting future maintenance and replacement costs, needs to account for inflation, but which rate should you use? And how do you apply it effectively? Let’s break it […]
Don’t Fall Into the Deferred Maintenance Trap
Every community faces it: the temptation to put off maintenance. It seems like an easy way to save money, right? That fresh coat of paint can wait. The HVAC check-up can be skipped this year. But this practice, known as deferred maintenance, can lead to big problems down the road. While it might seem like […]
Reserve Study Levels Explained
One of the most common questions we receive when discussing a proposal for a reserve study is about the various levels available. Some clients prefer a complete re-evaluation every time. While others question the necessity of an on-site visit for every study. At MillerDodson Associates, we adhere to the Community Association Institute (CAI) National Reserve […]
Building a Proactive Community Maintenance Program
Switching from a reactive, “fix-it-when-it-breaks” approach to a proactive preventive maintenance program can dramatically cut costs and extend the life of a community’s assets. While it’s a big shift, you don’t have to do it all at once. By following a few key steps, you can create a program that’s perfectly suited to your community’s […]
Parallel Paths: Managing Your Corporate and Brick-and-Mortar Budget
Proactive Protection: The Power of Preventive Maintenance for Condominiums
