Reserve Funding for On-Site Managed Communities

Increasingly reserve funding has become more and more important in validating the community association operations and their management. All on-site managed communities whether they are Luxury Condominiums, Large-Scale On-site Managed Communities or Active Adult communities should have reserve funds with suitable reserve studies backing the funding levels. On-site managers are trained to be aware of reserve needs for the associations they manage. The managers typically will have the most up to date information regarding the reserve needs and will keep their board aware of the necessary funding requirement.   Read the article……………