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What you Can't See: How to Understand and Budget for the Unexpected

In this webinar, presenter Kevin Giles, director of operations and reserve specialist with Giles Flythe Engineers, discusses many different types of unexpected maintenance projects and damage-related expenses that can affect community associations. Topics covered include storm-related damages that may not be covered by insurance, failure of "long-life" components, new ordinances that might affect the rebuilding or repair of damaged elements, and other types of non-repair expenses. He then takes a dive into reserve accounts and how associations can best prepare themselves to fund these unexpected events.