How a Reserve Study Protects Homeowner Value
A reserve study protects the value of your property in several ways. A San Diego reserve study predicts maintenance to common areas in an Association [...]
Construction Defect Funds and Reserve Studies
Many associations want to know if they receive a settlement from construction defect litigation how will the affect their reserve study. This all depends on [...]
The Cost of a Reserve Study
The cost of a reserve study is typically very small when you consider the annual budget of an association and the cost of maintaining their [...]
Assembly Bill 968 and Reserve Studies
AB 968 changes California Civil Code Section 4775 beginning January 1st, 2017. This bill basically states that if an associations CC&R’s and Governing Documents are [...]
Escrow HOA Documents and Reserve Studies
When you enter escrow to purchase a condo you receive hundreds of pages of HOA documents. These documents contain things like, CC & R’s, Bylaws, [...]
Can Reserve Funds be used to Pay for a Component that is not Listed in your Reserve Study?
Reserve funds can only be used to pay for repair and replacement of common area components. Reserve funds can never be used to add a [...]
Should Plumbing and Pipes be Included in a Reserve Study
Many HOA clients often ask if plumbing and piping should be included in a reserve study. Some may say no because CAI national reserve study [...]
Investing Reserve Funds
There are no official standards for how hoa’s must invest reserve funds. California Civil Code does state “The board shall exercise prudent fiscal management in [...]
Should HOA Board Input be Used when Preparing a Reserve Study
Many clients often ask me if the board and/or property manger input should be used in preparing a reserve study. My answer is absolutely. The [...]
California Civil Code 2014 Update and Reserve Studies
The Davis-Stirling Act has been completely reorganized effective January 1st, 2014. The majority of the changes are simply just renumbering of the sections. There are [...]