As set forth in the governing documents of an association, the HOA must keep some money set aside for unforeseen expenses. This money is often referred to as the HOA reserve, cash reserves, or reserve account. The funds collected and set aside in this account are for unexpected expenses that may be large and/or infrequent. So, how much money should be in your HOA reserve, and what is the best way to boost your HOA reserve balance? Read the article………………………..
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