Archive for July 2026
Why Reserve Fund Studies Don’t Tell the Whole Story
Most condo board members understand the importance of a reserve fund study. After all, it’s one of the most important financial planning tools available to a condominium corporation. It helps boards understand future repair and replacement costs, establish reserve fund contribution levels, and prepare for major capital projects. But there’s a common misconception that once…
Read MoreThe Hidden Costs of Deferred Maintenance
Few condo boards intentionally decide to neglect their buildings. In most cases, deferred maintenance begins with good intentions. A project gets postponed to avoid a fee increase. A repair is pushed into next year’s budget. A component still appears to have some life left, so replacement is delayed. Individually, these decisions may seem reasonable. The…
Read MoreWhy Condo Owners Get Frustrated With Their Board
Most condo board members volunteer their time because they care about their community. They attend meetings, review budgets, oversee repairs, respond to issues, and make decisions that affect hundreds of residents and millions of dollars in assets. Yet despite those efforts, many boards find themselves facing criticism from owners. Complaints about condo boards are common…
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