Resources

"An investment in knowledge pays the best interest."

- Benjamin Franklin
Navigating Complex Projects: The Murano at Portofino and Murano Grande Approach

In a recent development within Florida’s real estate sector, luxury condo associations are taking significant steps towards tackling long-awaited projects. The prominent Murano at Portofino, a 37-story tower with 189 units at 1000 South Pointe Drive, and the renowned Murano Grande, a 40-story building featuring 270 units at 400 Alton Road, are spearheading initiatives that...

by Glenn Tyndall, CPA | September 13, 2023
The Crucial Role of Reserve Studies: Avoiding Pitfalls in Community Associations

Reserve studies, a comprehensive financial planning tool, play a pivotal role in the stability and longevity of community associations, including condominiums, townhomes, and homeowners associations (HOAs). By anticipating future repair and replacement needs, these studies prevent unforeseen financial crises and ensure that communities thrive. Throughout US history, instances of community associations facing challenges due to...

by Glenn Tyndall, CPA | September 13, 2023
Deciphering Reserve Funding Methods: Unveiling the Intricacies of Straight-Line vs. Pooled Cash Flow

In the realm of community association reserve studies, the choice of funding method emerges as a critical decision that reverberates through the financial landscape of the association. Among the many funding methods available, two prominent contenders stand out: the Straight-Line Funding Method and the Pooled Cash Flow Funding Method. Both methodologies hold distinct merits and...

by Glenn Tyndall, CPA | September 13, 2023
Special Assessment Risks: A Cautionary Perspective on Murano at Portofino and Murano Grande

In the dynamic landscape of premium real estate, it’s essential to navigate the realm of upscale condominium associations with a keen understanding of the potential financial risks involved. Two notable properties, Murano at Portofino and Murano Grande, have undertaken transformative initiatives that spotlight a risk commonly associated with such endeavors: the prospect of special assessments....

by Glenn Tyndall, CPA | September 13, 2023
The Crucial Role of Physical Analysis in Reserve Studies for Community Associations

Community associations, whether comprised of condominiums, townhomes, or homeowners associations (HOAs), bear the significant responsibility of maintaining and managing shared properties, amenities, and infrastructures. Central to these responsibilities is prudent financial planning, underscored by the essential tool of a reserve study. This comprehensive assessment examines current and future funding requirements to ensure the availability of...

by Glenn Tyndall, CPA | September 13, 2023
Navigating the Depths: Reserve Studies vs. Structural Integrity Engineering Studies

In the intricate tapestry of property management and community associations, two distinct but intertwined concepts stand out: Reserve Studies and Structural Integrity Engineering Studies. These advanced-level analyses play pivotal roles in ensuring the longevity, stability, and financial health of shared assets. In this article, we delve into the nuances of these methodologies, dissecting their purposes,...

by Glenn Tyndall, CPA | September 13, 2023
A Dual Approach: Reserve Studies vs. Structural Integrity Engineering Studies – Can One Provider Serve Both?

In the intricate landscape of community association management, the pillars of Reserve Studies and Structural Integrity Engineering Studies stand as stalwarts in safeguarding the financial and structural integrity of shared assets. These methodologies, while distinct in their focuses, share a common goal: to ensure the longevity and stability of properties. Within this landscape, the question...

by Glenn Tyndall, CPA | September 13, 2023
Exploring Different Reserve Funding Plans for Community Associations

When it comes to community associations like condominiums, townhomes, or homeowner’s associations (HOAs), having a solid reserve funding plan is essential. These plans ensure that there’s enough financial support for future maintenance and repairs. Let’s take a closer look at various reserve funding plans, each with its own approach, advantages, and considerations. 1. Fully Funded...

by Glenn Tyndall, CPA | September 13, 2023
Navigating the Financial Analysis: Unveiling the Core Elements of a Reserve Study

A reserve study stands as a comprehensive roadmap for the fiscal health and sustainability of a community association. Embedded within this study is the critical financial analysis, a meticulous examination of monetary aspects that underpin the association’s ability to address future repair and replacement needs. Let’s delve into the key components that constitute the financial...

by Glenn Tyndall, CPA | September 13, 2023
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