If there’s anything that is most misunderstood among HOA leaders, I would venture to guess that it’s reserve studies. Many of our chapter meetings of the Network discuss and touch on reserve study issues, and members invariably have questions that come up time and again.

What is a reserve study?

Are we required to have one?

What does it cost?

Can it become our maintenance program?

All legitimate questions. To help dispel some of the myths and clear up the misunderstandings, I sat down with Antony Startup, president of Criterium Twin Cities Engineers, a firm from Edina that does reserve study work in Minnesota. I asked him those questions and much more on this latest edition of HOA Today, our video podcast for HOA leaders. It’s worth a watch.  – Mark Luis Foster