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Underfunded Reserve Fund Studies? Post-Covid Sticker Shock in Condos

Author: 
-Stratastic Inc.

Co-authored with Nabiel Ordonez
Publication date:
October 18, 2022
Article Summary: 

This blog discusses the challenges faced by condominium associations due to underfunded reserve funds, which have been exacerbated by the COVID-19 pandemic. It describes how many associations have postponed or canceled reserve fund studies, leading to inadequate funding for major repairs and replacements. The blog suggests that condo owners should be aware of these issues and proactive in ensuring their association's reserve fund is appropriately funded.

Keywords: 

reserve fund, condominium association, underfunded, COVID-19, repairs, replacements, condo owners, funding.




Source Citation: 
-Stratastic Inc.

Co-authored with Nabiel Ordonez
Underfunded Reserve Fund Studies? Post-Covid Sticker Shock in Condos
October 18, 2022
https://www.stratastic.com/post/underfunded-reserve-fund-studies-post-covid-sticker-shock-in-condos
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