Reserve fun

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Reserve fun An oxymoron?

description

Reserve fun. An oxymoron?. Discretionary?. Reserve fun ds. Mandatory?. Political? . Reserve fun ding. Procedural?. Absolute?. Flexible?. Reserve fun ding in a crisis. Should there be special procedures?. Reserve fun ding. - PowerPoint PPT Presentation

Transcript of Reserve fun

Reserve

funAn oxymoron?

Reserve

funds

Discretionary?

Mandatory?

Reserve

funding

Political?

Procedural?

Absolute?

Flexible?

Reserve funding in a crisis

Should there be special procedures?

Reserve

funding

involves people...

What are the challenges?What are the challenges?

How can you effectively educate owners about the importance of reserve funds?

What are the challenges?What are the challenges?

How can you effectively inform owners about the regulatory obligations related to reserve funds?

What are the challenges?What are the challenges?

What do you do if an owner defaults on their payments?

What are the challenges?What are the challenges?

What impact do the new FannieMae/Freddie Mac requirements for reserve funds have on your association?

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What are the challenges?What are the challenges?

What impact does a marginally funded reserve fund have on lenders (and, therefore, buyers)?

What are the challenges?What are the challenges?

If you can’t do everything recommended in your reserve fund study, what should get the highest priority?

What are the challenges?What are the challenges?

How can you diffuse the “everybody’s a construction expert” debates that seem to develop around reserve fund studies?

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Reserve

funding

involves people...solving

problems

Putting Out the FiresPutting Out the Fires

Inadequate insulation

Poor deck construction

Siding installation problems

Putting Out the FiresPutting Out the Fires

Pavement maintenance

Improper ventilation

Water intrusion

Putting Out the FiresPutting Out the Fires

Roof ice dams

Site drainage

Lack of flashing

Putting Out the FiresPutting Out the Fires

Foundation problems

Acoustics

Odors

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Reserve

funding

involves people...solving

problemsin real time

Case StudiesCase Studies

Case of the Ninja Plumber

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Case StudiesCase Studies

Eliminate your

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Case StudiesCase Studies

Yes, We Got No Green Bananas

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Case StudiesCase Studies

Don’t Hang Out Your Dirty Laundry

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Lessons LearnedLessons Learned

Consistent reinforcement of regulations

Effective board meetings

Lessons LearnedLessons Learned

Educating owners and board members

Establish priorities and plans

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