SageWater’s Post

Hats off to Will Simons of Association Reserves for his article in the Florida Community Association Journal busting some of the most enduring myths about reserve funding. The one we’ve observed most often: 🚫Myth: Funding reserves is for future projects. ➡️Reality: Though the projects may be executed in the future, today’s reserve contributions are offsetting deterioration as it occurs. Another Will mentions: 🚫Myth: Pooled reserves lead to abuse. ➡️Reality: Cases of wasteful spending are rare, and there are ways to ensure that boards understand how to make smart decisions about repairs and upgrades. The article also includes a useful breakdown of new Florida legislation regarding associations’ duties where reserve funding is concerned. Check out the full piece for more: https://okt.to/P1V5Ol #associationmanagement #reservestudies #sagewater

Florida Community Association Journal February 2024

Florida Community Association Journal February 2024

pubs.royle.com

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