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Assessing HOA Financial Health: The Critical Role of Reserve Studies Explained
Manage episode 396920329 series 3376147
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In this episode of the podcast, we welcome guest Luke Erickson to discuss the crucial role of reserve studies for Homeowners Associations (HOAs). We explore how reserve studies serve as essential tools for understanding the financial health of an HOA, offering valuable insights for potential buyers evaluating an association's strength or weakness. Our discussion covers the functions of a reserve study, highlighting its importance in aiding HOAs to effectively plan and manage their budgets. This episode provides an in-depth look at how reserve studies impact both HOAs and homebuyers, making it a must-listen for anyone involved in real estate and HOA's.
The Department of Real Estate RESERVE STUDY GUIDELINES for Homeowner Association Budgets is available here: https://dre.ca.gov/files/pdf/re25.pdf
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This content is not legal advice. Contact an attorney for legal advice.
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