MD Faruk Mia

🎯 Objective: To educate homeowners' associations (HOAs), property managers, and board members on best practices for conducting and using reserve studies to ensure long-term financial stability and asset management. 🗓️ Agenda: 1. Welcome & Introductions (10 minutes) • Moderator opens the session • Quick intros from panelists and participants 2. Understanding Reserve Studies (15 minutes) • What is a reserve study? • Why it matters for community financial health • Legal requirements and standards by state (brief overview) 3. Key Components of a Good Reserve Study (20 minutes) • Physical analysis: Inventory, condition, and life cycles of components • Financial analysis: Funding models (baseline, threshold, full funding) • Frequency and update recommendations 4. Choosing the Right Professionals (15 minutes) • Qualifications to look for in a reserve study provider • Questions to ask before hiring • When to do it in-house vs. outsourcing 5. Common Mistakes & How to Avoid Them (15 minutes) • Ignoring or underfunding the reserve • Miscommunicating findings to homeowners • Using outdated or incomplete data 6. Case Study: Real-World Application (20 minutes) • A walkthrough of a successful reserve study process • What went right, what went wrong, and lessons learned 7. Open Forum Q&A (20 minutes) • Attendees ask questions • Panelists respond with practical advice 8. Closing Remarks & Resources (5 minutes) • Summary of key takeaways • Links to templates, calculators, and further reading • Contact info for experts or consultants 🎤 Suggested Panelists: • Reserve study specialist / engineer • HOA board president or treasurer • Property management professional • Legal expert in HOA law (optional) 🧩 Optional Add-ons: • Handouts: Sample reserve study report, checklist, reserve funding calculators • Recording & transcript for attendees • Certificate of attendance (if professional credit applies)