Reserve funds are essential for the long-term financial health of residential blocks, providing for major repairs and unforeseen expenses. This course covers the principles and practices of managing reserve funds.
You will learn about the legal requirements for reserve funds, how to calculate appropriate contributions, and best practices for management. By the end of this course, you will understand the importance of reserve funds and be able to manage them effectively, ensuring the financial stability and sustainability of the residential block.
Your Tutor
Nick Rich
Nick brings almost two decades of experience in Residential Property Management, starting as an Assistant Property Manager in 2006 and progressing through various roles, including owning his own managing agency.
Today, he channels his wealth of expertise as a business coach and consultant, guiding others to success in the field.