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Blog

Apr

27

2015

Exterior Paint Project

by Derek Young
in BUSINESS, Real Estate Maintenance
- No Comments

If you have ever managed a construction project, then you know that what would seemingly be a basic task is actually the greatest challenge: obtaining bids with the identical job scopes. Putting together a detailed “RFP” (aka Request for Proposal) for the bidders to work off of is the first and most important step.   A board member’s function should be limited to decision-making, and...

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Feb

24

2015
How Reserve Studies Prevent Unexpected & Costly Special Assessments

How Reserve Studies Prevent Unexpected & Costly Special Assessments

by Derek Young
in BUSINESS
- No Comments

How reserve studies help homeowners associations establish consistent reserve contributions, and the importance of maintaining a 10% minimum contribution level. Many homebuyers who do not qualify for traditional loans can still enjoy the benefits of homeownership thanks to FHA lending. However, if you’re looking to buy a condominium using FHA funding, the underwriter will turn your loan down unless the homeowners association contributes at least...

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