In the sunshine state, specifically around Miami-Dade, community associations typically depend on reserve study companies to perform comprehensive financial assessments for condo associations, ensuring a solid financial plan for ongoing maintenance. These capital reserve studies assist homeowners associations effectively administer their budgeting and prepare for ongoing viability. https://southfloridareporter.com/avoiding-financial-pitfalls-why-hoas-in-florida-cant-ignore-reserve-studies/