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This podcast, brought to you by Insight Association Management, discusses The Walsh Homeowners Association Reserve Study, conducted by Reserve Advisors, assessing the condition and projected replacement costs of common elements within the community. The study identifies 49 reserve components and proposes a 30-year funding plan to ensure adequate reserves. The report includes a five-year outlook prioritizing projects such as beach liner replacement and pool repairs. The study recommends phased increases in reserve contributions to achieve a stable cash flow, aiming for over $3.6 million in reserves by 2054. Ultimately, the reserve study provides a roadmap for the HOA to fulfill their fiduciary duty and maintain the community's assets.
Visit www.walshhoa.com
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