Reserve Fund Studies Should Be A Team Effort

In this blog post, the author discusses the importance of reserve fund studies for condo management. The author emphasizes that reserve fund studies should be a team effort, involving condo managers, board members, and reserve fund planners. The author explains that a reserve fund study is an essential tool for ensuring the financial stability of a condo, and it helps to identify future repair and replacement costs. The author suggests that reserve fund studies should be conducted regularly, and the findings should be used to inform the condo's budgeting and decision-making processes. The author emphasizes that reserve fund studies are critical for maintaining the value of a condo property and avoiding unexpected costs.