• Why Reserve Funds Matter and How to Adequately Budget for Them

  • Oct 22 2024
  • Length: 36 mins
  • Podcast

Why Reserve Funds Matter and How to Adequately Budget for Them

Listen for free

View show details

  • Summary

  • Homeowners’ associations should set aside anywhere from 15 to 40 percent of their annual budget to adequately fund reserves, says Reserve Specialist Matthew Swain. However, many boards and associations kick the can down the road and avoid setting aside money into their reserve fund because they don’t want to increase assessments. But if you treat reserves like an impound account on a mortgage, it will be easier for boards and associations to pay expenses when components fail or need to be replaced or repaired. In this episode, host Tom Freeley and Swain discuss how to approach a reserve budget, what a reserve study should cover, the three- part test for reserve studies, and national reserve study standards.

    Links & Resources:
    Visit us at www.cacm.org
    To listen to other podcast episodes, go to https://cacm.org/podcast/
    Follow us on social media: @cacmchat
    LinkedIn: https://www.linkedin.com/company/cacm/
    Facebook: https://www.facebook.com/CACMchat/
    Instagram: https://www.instagram.com/cacmchat/
    X: https://x.com/CACMchat
    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Why Reserve Funds Matter and How to Adequately Budget for Them

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available