Electric Vehicle Charging Stations

A question that we frequently get is “can we use reserves for Electric Vehicle Charging Stations”? The quick answer is no…. Reserves are intended for maintaining existing community assets. Once the stations are installed they can be maintained with reserves but not until then.  These stations can consume quite a bit of power and not [...]

By |2024-08-07T20:20:52-07:00November 7th, 2022|Uncategorized|Comments Off on Electric Vehicle Charging Stations

What Washington State Community Associations Need to Know about Reserve Laws

A reserve study is a budget planning tool. It consisting of both a physical and financial analysis. The study identifies the components an association must maintain or replace, the current status of the reserve fund, and a stable and equitable funding plan to offset anticipated major common area expenditures, according to the Foundation for Community [...]

By |2022-11-14T14:16:51-08:00October 20th, 2022|Uncategorized|Comments Off on What Washington State Community Associations Need to Know about Reserve Laws

Fannie Mae Freddie Mac changes

In late June 2021, America and the world watched in horror as rescuers combed through piles of rubble and everyday household goods looking for survivors of the condo building collapse in Surfside, Florida. After the first few hours, no survivors were found. Ninety-eight lives and 136 homes were lost. In the following days, information emerged [...]

By |2024-08-07T20:10:26-07:00September 30th, 2022|Uncategorized|Comments Off on Fannie Mae Freddie Mac changes

Don’t Pass up the Inspection if You’re Buying a Condo

  The buying process isn’t any different than if you are buying a single-family home - especially when it comes to the inspection. Aside from the sizeof the dwelling, one of the only differences between most condos and homes is the shared spacefor condo owners. Typically the homeowners association (HOA) owns the exterior pf the [...]

By |2023-02-10T13:37:19-08:00September 23rd, 2022|Uncategorized|Comments Off on Don’t Pass up the Inspection if You’re Buying a Condo
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