For each Home Owner’s Association (HOA) there are regular expenses that come out of the annual operating fund, and there are the occasional necessary large expenses that must come from the HOA’s reserve fund. It’s not always easy to predict when these special expenses will occur or how much money they’ll be and it’s especially difficult to have already collected the right amount to pay for them. This is why HOAs often hire a Reserve Specialist to examine their potential future needs and make preparations to pay for these occasional community needs.     Read the article……………