HOA Reserves and Other Funding Options: Tips to Be a Smart HOA Money Manager
Thursday, Sept. 12, 2019
2-3 p.m. Eastern
An Exclusive HOAleader.com Webinar
With Practical Tips for Condo and HOA Boards
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Money is one of the most contentious issues you'll manage at your HOA. There's always an owner—or many—who'll challenge your financial decisions. Whether it's how much money to collect from owners in assessments, how much money to spend on maintenance and repairs, or how much money to set aside in your reserves for
those inevitable projects, your actions will be put under a microscope.
Have no fear! The more you know about how to fund (or not) your association's reserves, the more confident you'll feel responding to owners who question your financial wisdom. Build that knowledge by joining a one-hour webinar on September 12 led by three community association experts—one a manager, one a lawyer, and one a reserves analyst.
They'll explain what you need to know about HOA reserves and other funding mechanisms. They'll also reveal the smartest moves you can make to ensure your HOA can pay for needed maintenance and repair projects, and even community upgrades.
- The role of reserves at an HOA, including what you can and should fund and what would be inappropriate to fund through reserves
- How state laws differ in requirements for reserves, ranging from states that don't have any laws specifically governing HOA reserves to those that require reserve studies or certain reserve levels—and states in between that permit HOAs to not fund reserves if owners approve such
a move
- What you should know about reserve and money management to ensure you meet your fiduciary duties and responsibilities
- When and how to conduct a reserve study
- The pros and cons of underfunding reserves
- Alternatives to using reserves to fund component replacement, including increased assessments, one-time special assessments, and loans
- The most common mistakes boards make when funding HOA repair projects, whether through reserves or another funding method
- 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.
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| Mary
Arnold, CMCA®, AMS®, is the vice president of the community manager success group at RealManage, an association management firm headquartered in Dallas that oversees properties in California, Colorado, Florida, Georgia, Illinois, Louisiana, North Carolina, South Carolina, Texas, and Washington. She develops and implements standard operating procedures, monitors work progress for quality control measures, and aids in problem solving to assure the team's success for the benefit of staff
members and clients. Arnold has more than 22 years of experience in managing condominium and homeowner associations in Illinois and Texas.
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| Robert M. Nordlund, PE, RS, is the founder and CEO of Association Reserves Inc. in Calabasas, Calif. He is a registered professional engineer and a reserve study pioneer who was involved in creating the 1998 National Reserve Study Standards. He served as a condo board member and was a member of the inaugural class of CAI's certified reserve specialists. Before forming Association Reserves,
Nordlund was an actual rocket scientist- at Rockwell International, serving as the lead engineer on the space shuttle main engine program. He holds a bachelor's degree in mechanical engineering from the University of Washington.
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| David Swedelson is a founding partner of and oversees the litigation team at SwedelsonGottlieb in California. In addition to providing corporate and general legal counsel to association boards and their managing agents, Swedelson has litigated hundreds of lawsuits ranging from architectural violations and fair housing complaints to contractor and vendor contract disputes and construction
defects. He's also in charge of content for the firm's HOA law blog. Swedelson has served on the board of four community associations in which he's lived and has been extensively involved in the community association industry, including serving on the board of the Los Angeles and Channel Islands chapters of Community Associations Institute.
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A webinar is remarkably cost-effective and convenient. You participate from your home or office, using a regular telephone and a computer with an Internet connection. You have no travel
costs, hassle, or commute time.
Plus, for one low price, you can get as many people on your condo or HOA board to participate as you can fit around a speakerphone and a computer screen.
And now, with our special group membership offer, your entire board can attend—even from different locations. This offer requires an HOAleader.com Group Membership. When any group member orders, we will set up access for the entire group. Up to 10 users can attend for one low price. It's another incredible deal as part of HOAleader.com Group
Membership.
Because the conference is live, you can ask the speakers questions via the webinar interface. Many attendees tell us this is the most valuable part of the webinar.
You will receive access instructions via e-mail several days before the event. You don't need any additional materials before the webinar starts. Your conference materials will be available for you to view, print, and download when you log in to participate in the event.
If you are not completely satisfied after attending an HOAleader.com event, let us know within 30 days, and we will refund 100% of your registration fee ... no questions asked.
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