Call Cleve Atlanta Radio Show

On this segment of Go Gaddis Real Estate Radio, we’re joined by expert advisor Michael Crew, CEO of Homeowner Management Services, Inc., to shed light on a topic that impacts every homeowner in a community association—HOA reserves. Whether you live in a condo, townhome, or single-family community with an HOA, understanding how reserve funds work is crucial for protecting your investment and planning for the future. Cleve Gaddis asks Michael a series of practical questions inspired by real-life curiosity from Anne Daniels’ sister, who wanted to better understand how HOA reserves are managed. Together, they dive into questions like: How are HOA reserve funds determined, and what exactly is a reserve study? Why are reserve studies important—and what happens if one hasn’t been completed? What are the key components included in a thorough reserve study? How is the amount of funding calculated, and what are reserve funds typically used for? Is it possible for an HOA to have too much in reserves—or worse, not