Quote:
Originally Posted by bagboy
I would think a big chunk of that $1000 a month assessment would be for insurance, hurricane, flood, liability, etc. I haven't seen too many HOAs that actually build up a decent reserve fund for future expenses
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I can assure you many do. I was President of an HOA in Las Vegas. Our assessment reserves funded 200% of recommended needs. When the real estate bubble collapsed, our HOA, and many around us, survived.
If you have good advisors, you get what you pay for. They are worth every penny.
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