Host Donna DiMaggio Berger and featured guest Robert Nordlund are determined to reframe the general perspective on reserve funding. Board members and residents alike are guaranteed to gain a greater appreciation of the purpose and practical management of reserves and how necessary these funds can be to avoid expensive special assessments and enhance the value of the entire community.
Topics include: what reserves should – and should not – be used for, how to determine the right level of funding for your community, a step-by-step overview of getting a reserve study and what is included in the process, and so much more.
BONUS: Get insight into Hawaii’s experience with mandating reserve funding and why Robert believes that, even decades later, the result will be much the same regardless of location.
Think you know what community association life is all about? Think again. Residents must obey the rules, directors must follow the law, and managers must keep it all running smoothly. Take It to the Board explores the reality of life in a condominium, cooperative or homeowners’ association, what’s really involved in serving on its board, and how to maintain that ever-so-delicate balance of being legally compliant and community spirited. Leading community association attorney Donna DiMaggio Berger acknowledges the balancing act without losing her sense of humor as she talks with a variety of association leaders, experts, and vendors about the challenges and benefits of the community association lifestyle.
If you’ve got a question, Take It To The Board with Donna DiMaggio Berger – We Speak Condo & HOA!