26 views 37 sec 0 Comment

Who needs reserves?

/ Owner - March 29, 2014

If there is one thing people hate almost as much as an assessment increase, it is properly funding reserves. Some owners look at those lonely accounts, chock full of unused cash just sitting there, and think, “Hey, let’s use that money now! That way, we don’t have to raise assessments this year!” Other owners look at the reserves and wonder if perhaps it’s okay to defer reserve contributions until a time when finances loosen up.

Comments are closed.