HOA Reserves, Assessments, Loans, and More: Are You Managing Your Condo/HOA’s Finances Wisely?

An HOAleader.com Webinar for Condo and HOA Boards

Thursday, Sept. 5, 2024
2-3 p.m. Eastern

Are your reserves fully funded? When was the last time you increased your assessments? When was the last time you passed a special assessment?

More importantly: Are you hesitant to fully fund reserves or increase assessments because of the backlash you predict from owners?

The financial side of your role as a condo/HOA board member doesn’t have to be filled with tension and angst. Join us for a one-hour webinar on September 5 led by three community association experts—one a manager, one a lawyer, and one a reserves analyst—guaranteed to help you fund your association’s reserves and make other wise financial decisions.

You’ll walk away knowing today’s best practices when it comes to HOA reserves, loans, and how to pay for needed maintenance, repairs, and everyday HOA operations.

You’ll learn:

• Why condos and HOAs need reserves, including why your owners should be fully behind your efforts to adequately fund them
• What you need to know about how a reserve study is conducted—what physically does it cover, and what financially does it cover?
• Why you should create a reserve study policy, and what you should include in it
• The roles of loans and special assessments in your condo/HOA’s financial planning
• Steps you can take today to begin budgeting (for reserves and for your community’s operations) better
• The most common mistakes boards make when budgeting, handling and managing reserves, and communicating to owners on financial issues
• And much more!

After just one hour, you’ll know the HOA industry’s best practices when it comes to money matters at your HOA. Register now for this informative event for community association board members.