HOAs – Don’t Let This Happen to You

By October 9, 2012Blog, Uncategorized

At Barrera and Company, we’ve helped thousands of clients anticipate and prepare for their community’s major repair and replacement costs by providing them with affordable and accurate Reserve Studies to meet their needs. In doing so, we’ve saved them tons of time, energy and money.

However, this economy has some HOAs struggling to make ends meet. As a result it’s way to easy to adopt the “out of sight, out of mind” mentality. Skipping your next scheduled Reserve Analysis is bad but underfunding your Reserve and ignoring upcoming repair and maintenance costs is even worse.

“If you fail to plan, you plan to fail.”

We’ve seen this time and time again. You may think you’re saving money but you are setting your community up for failure in the long run. Failing to plan ahead does not make the issues go away. In fact, they’re getting bigger and more expensive by the minute.

Short-sided community management will inevitably culminate in the form of Special Assessments, or worse, devalued real estate.

After looking closely at roughly 1000 past clients, we made a startling discovery.

Watch as our Chairman of the Board, Damian Esparza reveals our findings at recent conference for HOA board members.

HOAs, don’t let this happen to you!

At Barrera and Company, we complete thousands of Reserve Studies each year which have helped our clients comply with the law and prepare for upcoming expenditures. But don’t take our word for it, check out some of our projects and recent reviews.

Interested in getting a Reserve Study for your community? Click here to get a proposal!

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