020 | Keep your HOA Reserve funds safe!

HOA Insights: Common Sense for Common Areas

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Discover essential strategies to safeguard your HOA Reserve Funds with expert Dave Lynn. Prioritize safety, optimize liquidity, and ensure returns!
❗Join our LIVE Podcast April 1st 2024 on Youtube! 👉 https://www.youtube.com/watch?v=24KbKsKyoNY
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/
In this week’s episode, we delve deep into the intricate world of HOA Reserve Funds with the accomplished expert, Dave Lynn. Dave has been at the forefront of crafting sound financial strategies for Homeowners Associations for over a decade, ensuring that communities not only have adequate funds for the future but also make the most out of their existing reserves. Join us as we discuss the importance of prioritizing the safety of these funds, learn how to navigate the complexities of liquidity management, and discover innovative ways to maximize returns without compromising on security. Whether you're a board member seeking guidance, a homeowner keen to understand how your funds are managed, or simply curious about best practices in community finance, this episode promises valuable insights and actionable advice. Equip yourself with the knowledge to make informed decisions and ensure your community's financial health
Connect with Dave Lynn:
https://www.lynnwm.com/
[e-mail]
Chapters from today's episode: Keep your HOA Reserve funds safe!
00:00 Taking risks with HOA Reserve Funds is the worst decision
01:00 Introduction to Dave Lynn
02:27 The 3 priorities of HOA Reserve Fund investing
07:41 Maximizing financial liquidity
11:06 CDs & T-bills (Treasury Obligations)
13:32 Financial safety when investing for your HOA Reserve Fund
16:39 Community Financials Ad Break
17:11 Diversification of HOA assets & FDIC limit
21:54 What does it cost to get a wealth management group to work with your HOA?
28:05 What are people currently getting in 6 month, 2 year, and 3 year CDs?
29:43 Where do you go to get in contact with a wealth management company for your HOA?

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

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Connect with Hosts on LinkedIn
Julie Adamen
https://www.linkedin.com/in/julieadamen/
Kevin Davis, CIRMS
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Kapitler

1. Taking risks with HOA Reserve Funds is the worst decision (00:00:00)

2. Introduction to Dave Lynn (00:01:00)

3. The 3 priorities of HOA Reserve Fund investing (00:02:27)

4. Maximizing financial liquidity (00:07:41)

5. CDs & T-bills (Treasury Obligations) (00:11:06)

6. Financial safety when investing for your HOA Reserve Fund (00:13:32)

7. Community Financials Ad Break (00:16:39)

8. Diversification of HOA assets & FDIC limit (00:17:11)

9. What does it cost to get a wealth management group to work with your HOA? (00:21:54)

10. What are people currently getting in 6 month, 2 year, and 3 year CDs? (00:28:05)

11. Where do you go to get in contact with a wealth management company for your HOA? (00:29:43)