1 / 28

Reserve fun

Reserve fun. An oxymoron?. Discretionary?. Reserve fun ds. Mandatory?. Political? . Reserve fun ding. Procedural?. Absolute?. Flexible?. Reserve fun ding in a crisis. Should there be special procedures?. Reserve fun ding.

ursula-norman
Télécharger la présentation

Reserve fun

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Reserve fun An oxymoron?

  2. Discretionary? Reserve funds Mandatory?

  3. Political? Reserve funding Procedural? Absolute? Flexible?

  4. Reserve funding in a crisis Should there be special procedures?

  5. Reserve funding involves people...

  6. What are the challenges? • How can you effectively educate owners about the importance of reserve funds?

  7. What are the challenges? • How can you effectively inform owners about the regulatory obligations related to reserve funds?

  8. What are the challenges? • What do you do if an owner defaults on their payments?

  9. What are the challenges? • What impact do the new FannieMae/Freddie Mac requirements for reserve funds have on your association?

  10. Questions?? …We’re here… ASK US!

  11. What are the challenges? • What impact does a marginally funded reserve fund have on lenders (and, therefore, buyers)?

  12. What are the challenges? • If you can’t do everything recommended in your reserve fund study, what should get the highest priority?

  13. What are the challenges? • How can you diffuse the “everybody’s a construction expert” debates that seem to develop around reserve fund studies?

  14. Questions?? …We’re here… ASK US!

  15. Reserve funding involves people... solving problems

  16. Putting Out the Fires • Inadequate insulation • Poor deck construction • Siding installation problems

  17. Putting Out the Fires • Pavement maintenance • Improper ventilation • Water intrusion

  18. Putting Out the Fires • Roof ice dams • Site drainage • Lack of flashing

  19. Putting Out the Fires • Foundation problems • Acoustics • Odors

  20. Questions?? …We’re here… ASK US!

  21. Reserve funding involves people... solving problems in real time

  22. Case Studies • Case of the Ninja Plumber Ask us for more details

  23. Case Studies • Eliminate your FUD Ask us for more details

  24. Case Studies • Yes, We Got No Green Bananas Ask us for more details

  25. Case Studies • Don’t Hang Out Your Dirty Laundry Ask us for more details

  26. Lessons Learned • Consistent reinforcement of regulations • Effective board meetings

  27. Lessons Learned • Educating owners and board members • Establish priorities and plans

  28. Questions?? …We’re here… ASK US!

More Related