Reserve fun. An oxymoron?. Discretionary?. Reserve fun ds. Mandatory?. Political? . Reserve fun ding. Procedural?. Absolute?. Flexible?. Reserve fun ding in a crisis. Should there be special procedures?. Reserve fun ding. - PowerPoint PPT Presentation
Transcript of Reserve fun
Reserve
funAn oxymoron?
Reserve
funds
Discretionary?
Mandatory?
Reserve
funding
Political?
Procedural?
Absolute?
Flexible?
Reserve funding in a crisis
Should there be special procedures?
Reserve
funding
involves people...
What are the challenges?What are the challenges?
How can you effectively educate owners about the importance of reserve funds?
What are the challenges?What are the challenges?
How can you effectively inform owners about the regulatory obligations related to reserve funds?
What are the challenges?What are the challenges?
What do you do if an owner defaults on their payments?
What are the challenges?What are the challenges?
What impact do the new FannieMae/Freddie Mac requirements for reserve funds have on your association?
Questions??
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What are the challenges?What are the challenges?
What impact does a marginally funded reserve fund have on lenders (and, therefore, buyers)?
What are the challenges?What are the challenges?
If you can’t do everything recommended in your reserve fund study, what should get the highest priority?
What are the challenges?What are the challenges?
How can you diffuse the “everybody’s a construction expert” debates that seem to develop around reserve fund studies?