Robert Nordlund answers key HOA queries on reserve funding.
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Join Robert Nordlund in a vital Q&A session focused on HOA management and reserve funding. This episode is packed with information critical for HOA board members, from maintaining financial health to ensuring sustainable operations in community associations. Learn about the nuances of budgeting, legal responsibilities, and effective governance directly from a seasoned expert. This discussion is tailored to empower those leading HOA governance, offering practical advice and insights.
Chapters from today's episode: HOA Q&A With Robert Nordlund
00:00 Remember Your Job on the HOA
01:09 Intro to Q&A Episode
03:01 Why Fund HOA Reserves At All?
12:39 Operating vs Reserves
15:07 How do you pay for a Reserve Study?
16:45 Does a well funded reserve account make any difference in home values?
20:13 Ad Break - Association Reserves
20:44 What if homeowners don’t want to fund HOA Reserves on a regular basis?
24:25 Why should you trust a Reserve Study
26:32 Florida Reserve Study Questions
27:44 How to deal with big unplanned expenses?
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