Real Estate Condo associations should build up reserves for a rainy day

A recent front page article in The Washington Post on the financial problems many aging condominiums in the Washington area are facing prompted me to write this column about the absolute necessity of maintaining adequate reserves.  Boards of directors can’t control when personal financial problems force owners into default and foreclosure, reducing the condo’s source of revenue. But they can learn to better manage the funds they have.    Read the article…………….


Related Articles

HOAs Gone Haywire, Part IV: How to Decode Your HOA or COA’s CC&Rs

Thus far in my HOAs Gone Haywire series, I have discussed the most common issues of life in an HOA

Mediation – The Essential Building Block of Peaceful Society and Key to Successful HOAs

In the “Malcom in the Middle” clip currently available on Youtube entitled “Duel at the Mall”, two people transform a

Resort With A Real Estate Ownership Component: A Turnaround Case Study

Whether the setting is sun-and-sand, snow-and-ski, or an indoor water park, today’s destination resorts commonly feature real estate ownership programs.