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Category: Financial Matters and Reserves

Assessments Are Bargains

March 29, 2019 summithoaservices

According to the National Consumer Law Center’s (NCLC) Guide to Surviving Debt, “Condo fees…should be considered a high priority.” In fact,…

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Posted in: Community Culture, Financial Matters and Reserves

Surplus Funds

March 27, 2019 summithoaservices

Even in these economically troubled times, your association may end its fiscal year with an operating surplus. A tight fiscal…

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Posted in: Financial Matters and Reserves

Reserve Funding

March 23, 2019 summithoaservices

“If it ain’t broke, don’t fix it!” The problem is, it will still break tomorrow. Deferred repairs or replacements, as…

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Posted in: Financial Matters and Reserves

Reserve Analysis

March 16, 2019 summithoaservices

The most equitable practice to pay for a major repair or replacement project for your homeowners association is to perform…

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Posted in: Financial Matters and Reserves

Ten Percent Reserve Threshold

March 7, 2019 summithoaservices

According to FannieMae, one of the government sponsored enterprises (GSE’s) that underwrite a significantly high percentage of conventional loans, a…

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Posted in: Financial Matters and Reserves

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