Homeowners’ associations (HOAs) often face the challenge of managing emergency repairs, which can arise unexpectedly and require immediate attention. I will review HOAs’ mechanisms to fund these urgent expenses, focusing on special assessments, reserve accounts, and insurance. Understanding these financial tools allows a homeowners association to handle sudden repairs without compromising the community’s economic stability. […]
The post How HOAs Handle Emergency Repairs and Related Assessments appeared first on Maximum Real Estate Exposure.
Read More
