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?
Questions??
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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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more details
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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