1 Non-sufficient funds fee waived per year on request Check images included on statement Mobile Banking with Mobile eDeposit Insured Cash Sweep (ICS) An optional program to keep all your funds safe, and in one place Earn interest while accessing FDIC insurance on large deposits Condo Reserve Fu...
On the subject of who oversees and/or has access to the reserve funds, the consensus is that it should be under the control of the board itself. Ideally, there should be two or more individuals who have access to the reserve account, to serve as a form of checks and balances. “It ...
There are few feelings worse than encountering an unexpected expense and finding the piggy bank empty. That is why reserve funds and reserve studies are such important elements in the financial well-being of co-ops, condos, and homeowners’ associations. It pays to keep a close eye on those ...
We combine our experience and expertise to deliver easy-to-understand capital reserve study, HOA reserve fund, reserve studies for condominiums that support you
We combine our experience and expertise to deliver easy-to-understand capital reserve study, HOA reserve fund, reserve studies for condominiums that support you
From reviewing budgets and reserve funds to evaluating management options, taking the time to research and plan can help ensure a thriving urban lifestyle and a successful condo investment. Communication is Key Aside from maintenance, another crucial aspect of condo ownership is management. The condo...
In addition to the board's responsibility to maintain and preserve the property, as well as the value of the property, it also has the responsibility to protect, maintain and enhance the assets of the co-op or condo. Boards should develop an investment strategy for reserve funds. The board...
Another major reason to keep capital reserve levels healthy is the ever-present possibility of the unexpected. Greg Cohen is the president of Impact Management, a co-op and condo management firm with offices in Manhattan, Westchester and Long Island, New York. “In a condo or co-op,” he ...
CapitaLand Ascendas REIT (CLAR) has announced its plans to acquire DHL Indianapolis Logistics Center, a top-tier logistics facility, from Exel Inc. d/b/a DHL Supply Chain (DHL USA) for $150.3 million. This represents a 4.1% discount to the independent market valuation of the property as of...
How much money is in the condo’s reserve fund?A reserve fund is what a building’s owners tap to cover major repairs. If the reserve fund is dwindling, and a building needs a new roof or plumbing overhaul, individual owners can wind up footing the bill in what’s known as a “speci...