By Rafael Aquino

Published May 31, 2023  


In today's blog, we will explore the significance of embracing positive change and the advantages of the anticipated changes to the condo association's reserve requirements. These changes have been designed to bolster the long-term health and prosperity of our community, ultimately contributing to the collective success of the association.


By implementing more robust reserve requirements, associations are actively safeguarding the value of their community and protecting the investments made by each homeowner. The new policies mandate the maintenance of reserves for crucial components such as the roof, structure, floor, foundation, fireproofing systems, plumbing, electrical systems, waterproofing, exterior painting, windows, and exterior doors. These reserves ensure that condo associations have the necessary funds to address deferred maintenance expenses or replacements exceeding $10,000, thereby preserving the structural integrity of our buildings.


The recent changes place a renewed emphasis on the involvement of licensed engineers or architects who conduct comprehensive visual inspections as part of the structural integrity reserve study. The expertise and insights provided by these professionals are invaluable in determining appropriate reserve amounts based on their findings and recommendations. This professional guidance enables us to allocate funds more effectively, ensuring associations are adequately prepared for future maintenance and replacements.


The financial stability of our community is of utmost importance, and the updated reserve requirements are aligned with this objective. Through annual adjustments to replacement reserve assessments, associations can factor in inflation, changes in estimates, and extended useful life resulting from deferred maintenance. This dynamic approach promotes a more accurate reflection of the association's financial needs, allowing the Board to stay ahead of potential expenses and ensuring a stronger financial position in the long run.


Let's consider an analogy to understand the significance of these changes better. Think of our condo association as a ship navigating through the waters of a constantly changing market. The reserve requirements act as the vessel's ballast, providing stability and balance, allowing us to weather any storms that may come our way. By embracing positive change and reinforcing our reserves, we fortify our ship, ensuring it remains buoyant and prepared to navigate the ever-evolving landscape of property management.


In conclusion, embracing positive change and adhering to the new reserve requirements cannot be overstated. By doing so, we secure our community's long-term health and prosperity, protect homeowners' investments, and establish a stronger financial position for the association. Like a well-prepared ship, we are poised to sail confidently into the future, ready to tackle any challenges that may arise on our journey toward collective success.

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As the Co-Founder and CEO of Affinity Management Services, Rafael P. Aquino leads his team to redefine excellence. They serve community   associations   efficiently

and effectively with dedication and passion. Rafael’s energy and positive spirit is the foundation of Affinity Management Services’ company culture, which instills enthusiasm and excitement when providing expert advice to its board members and relieving the day-to-day burdens of running a community association.


Since 2007, Rafael has developed a work culture that values responsive and high-quality services. He has led his team by following a proactive vs reactive philosophy. The same approach Rafael instills in the day to day operations of each association. Today, Affinity Management Services maintains its success and benefits as a result of the foundation Rafael has built and continues to foster by providing educational seminars, continuing education classes for association managers and board members alike.

Rafael and his team help condominium and homeowners’ associations save money and improve their communities. His calm, personable, and service-oriented nature helps him to establish strong relationships with ease. Rafael is known as a sincere and honest leader who looks out for the best interests of his clients and communities, and he strongly advocates for their needs. His role requires coordination and communication, as such he takes logical and intelligent steps to approach challenges head-on.

As a graduate of Florida International University’s electrical engineering program and a licensed community association manager, Rafael’s education and skills equip him with unique insights to tackle complex problems through critical thinking. He understands how each component within a system works together in order to effectively arrive at solutions, techniques, and conclusions. Therefore, as he manages the multiple challenges of running a community association management company, he understands how each property is its own unique system and tailors’ specific services to assure that all their needs are met.

For more information about Rafael P. Aquino and Affinity Management Services please visit or call 1-800-977-6279

Doral Office: 8200 NW 41st ST

Suite 200

Doral, FL 33166

Broward Office: 150 S Pine Island RD Suite 300

Plantation, FL 33324

O: 800-977-6279 ● F: 305-325-4053

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