When managing a community association or commercial property, long-term financial health depends on one fundamental tool: the reserve study. A well-crafted 30-year funding plan ensures that when a roof needs replacing or an elevator requires modernization, the necessary funds are readily available without burdening owners with sudden special assessments. However, even the most meticulously structured […]
Tag: inflation
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 […]
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