RESERVES – HOW MUCH SHOULD WE SAVE?

 

 

Can you recommend where I can find information about guidelines an association such as ours should have with regard to the topic of reserves? I’m searching high and low and do not seem to be having much luck.

There is a Primer on my website that is all about what money should be put away for reserves. It is the Reserves-1 Primer, $25. I do not know anywhere else that you can get this information. There is no set amount of what should be put away, it depends completely on what obligations the Association has to maintain property in the development. The Primer will explain how to figure it out.
 
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