As a board member of a condominium or homeowners association (HOA), managing your community’s reserve funds is a critical task. Reserves are your association’s financial safety net, set aside for future repairs and replacements. In 2024, with new Florida laws tightening regulations around reserve funds, having a solid financial plan in place has never been more important. This blog will guide you through what reserve funds are, why they’re essential, and how Condominium Associates can help ensure your reserves are ready for future needs. Read the article…………………………….
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