Insights with Impact:
The J. R. Frazer Reserve Study Blog

SIRS and Traditional Reserve Studies

There still seems to be a lot of confusion related to the new laws for condominiums and co-ops. I hope this article further clarifies any uncertainty that might still exist. As usual, if there are any doubts, please contact your association/cooperative’s attorney. Firstly, it still appears that many associations are

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Reserve Bookkeeping for Associations and Co-Ops

Bookkeeping is an integral part of managing any business, and it is no different for a community association or a co-op. Though most associations are nonprofit, good bookkeeping concepts of running a successful business are the same as for a profit organization. Besides the fact that there are IRS laws

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Reserves Are for Today’s Depreciation

By now I am sure that everyone is a little familiar with establishing a reserve fund for assets in a condominium and or HOA community. Using a reserve study is one of the best ways to collect and budget fairly for the maintenance and replacement of an association’s assets. The person

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Funding of Reserves and Potential Statute Changes for 2022–2023

Tallahassee has reviewed a bill in 2022 that has been recommended by our industry leaders and a task force that was designed to help condominiums and cooperatives better handle their reserve accounts to avoid potential catastrophes such as Champlain Towers faced in 2021. Though we are far away from anything

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Why Flood Insurance Coverage Is Different than Property Insurance Coverage

It’s hurricane season again! The National Oceanic and Atmospheric Administration (NOAA) has predicted another above-normal hurricane season. NOAA predicts a 60 percent chance of an above-normal season, a 30 percent chance of a near-normal season, and a 10 percent chance of a below-normal season. However, they are not expecting as busy

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Bookkeeping and Saving Records for Reserves

Bookkeeping and accounting are professions that require in-depth schooling and experience. All businesses, but especially those that serve in roles as property managers and  treasurers, have to monitor, organize, record, and file away the monetary flow of revenues and expenses that are an ongoing part of businesses and/or community associations. In

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