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Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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113 | Why Everyone Involved with HOAs NEEDS This One Book!

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Manage episode 493057189 series 3470637
Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

Could one book for HOAs change the entire industry? Find out!
✅ Get the first chapter FREE of “Understanding Reserves” HERE 👉 https://bit.ly/44QjKwH
📘 Buy “Understanding Reserves” on Amazon 👉 https://a.co/d/b0jrTK7
What if one book could save your HOA thousands and prevent endless headaches? In this episode, Robert and guest Kevin Leonard get into “Understanding Reserves: A Guide To Your Association's Reserve Fund”, a must-read for anyone involved in a homeowners association. This book demystifies how HOAs should actually work. Learn how education, clarity, and simple tools can build better communities!
Three Purposes of the Reserve Study:
1. Display the Component List – the list of projects Reserves are being collected to perform. Note: the Component List is commonly referred to as the “foundation” of every Reserve Study, because the Financial Analysis is based on this list of expenses
2. Evaluation of Reserve Fund Strength (current cash on hand compared to the current $ of common area deterioration at the association)
3. Recommended multi-year Funding Plan to provide sufficient cash so Reserve Projects can be accomplished in a timely manner without reliance on supplemental loans or special assessments.
“Adequate Reserves” definition: A replacement reserve fund and stable and equitable multiyear funding plan that together provide for the reliable and timely execution of the association’s major repair and replacement projects without reliance on additional supplemental funding.

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn
Julie Adamen
https://www.linkedin.com/in/julieadamen/
Kevin Davis, CIRMS
https://www.linked...

  continue reading

Chapters

1. Special Assessments Are Tricky (00:00:00)

2. Introduction to Kevin Leonard and “Understanding Reserves” (00:00:48)

3. What Inspired the Writing of “Understanding Reserves” (00:04:11)

4. How Do Homeowners Typically Misunderstand Their HOA? (00:06:12)

5. What Are the Core Responsibilities of an HOA Board? (00:10:25)

6. Why Is Transparency Critical for HOA Governance? (00:13:44)

7. What Makes Communication So Difficult in Associations? (00:17:30)

8. How Can Board Members Gain More Respect and Authority? (00:20:49)

9. Ad Break - Association Reserves (00:24:15)

10. How Can This Book Help Solve Real-Life HOA Conflicts? (00:28:16)

11. What Tools Does the Book Offer for Better Decision-Making? (00:31:32)

12. How Do Board Members Learn From Other Associations? (00:34:08)

13. What’s the Long-Term Vision for Empowered HOA Boards? (00:38:34)

14. Where Can Viewers Get “Understanding Reserves” (00:41:10)

115 episodes

Artwork
iconShare
 
Manage episode 493057189 series 3470637
Content provided by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Hosts: Robert Nordlund, Kevin Davis, Julie Adamen, Hosts: Robert Nordlund, Kevin Davis, and Julie Adamen or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Send us a text

Could one book for HOAs change the entire industry? Find out!
✅ Get the first chapter FREE of “Understanding Reserves” HERE 👉 https://bit.ly/44QjKwH
📘 Buy “Understanding Reserves” on Amazon 👉 https://a.co/d/b0jrTK7
What if one book could save your HOA thousands and prevent endless headaches? In this episode, Robert and guest Kevin Leonard get into “Understanding Reserves: A Guide To Your Association's Reserve Fund”, a must-read for anyone involved in a homeowners association. This book demystifies how HOAs should actually work. Learn how education, clarity, and simple tools can build better communities!
Three Purposes of the Reserve Study:
1. Display the Component List – the list of projects Reserves are being collected to perform. Note: the Component List is commonly referred to as the “foundation” of every Reserve Study, because the Financial Analysis is based on this list of expenses
2. Evaluation of Reserve Fund Strength (current cash on hand compared to the current $ of common area deterioration at the association)
3. Recommended multi-year Funding Plan to provide sufficient cash so Reserve Projects can be accomplished in a timely manner without reliance on supplemental loans or special assessments.
“Adequate Reserves” definition: A replacement reserve fund and stable and equitable multiyear funding plan that together provide for the reliable and timely execution of the association’s major repair and replacement projects without reliance on additional supplemental funding.

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Podcast Links:
Full Episode List
Watch On Youtube
Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]
Nominate yourself or a Board Hero you Know!
Board Hero Nominations
Shop!
HOA insights now has its very own merch store! Our team has whipped up some hats, mugs, T-Shirts, & more that we think Volunteer HOA Boardmembers are gonna love. We also offer dozens of FREE zoom backgrounds. Available in our Boardmember Merch Store!

Connect with Hosts on LinkedIn
Julie Adamen
https://www.linkedin.com/in/julieadamen/
Kevin Davis, CIRMS
https://www.linked...

  continue reading

Chapters

1. Special Assessments Are Tricky (00:00:00)

2. Introduction to Kevin Leonard and “Understanding Reserves” (00:00:48)

3. What Inspired the Writing of “Understanding Reserves” (00:04:11)

4. How Do Homeowners Typically Misunderstand Their HOA? (00:06:12)

5. What Are the Core Responsibilities of an HOA Board? (00:10:25)

6. Why Is Transparency Critical for HOA Governance? (00:13:44)

7. What Makes Communication So Difficult in Associations? (00:17:30)

8. How Can Board Members Gain More Respect and Authority? (00:20:49)

9. Ad Break - Association Reserves (00:24:15)

10. How Can This Book Help Solve Real-Life HOA Conflicts? (00:28:16)

11. What Tools Does the Book Offer for Better Decision-Making? (00:31:32)

12. How Do Board Members Learn From Other Associations? (00:34:08)

13. What’s the Long-Term Vision for Empowered HOA Boards? (00:38:34)

14. Where Can Viewers Get “Understanding Reserves” (00:41:10)

115 episodes

All episodes

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