20d • General discussion
How a Massachusetts Board Avoids a Special Assessment
The scariest words a condo trustee can hear are "special assessment" — a surprise bill, often thousands of dollars per owner, due all at once. The good news: in almost every case, it's avoidable.
In this 2-minute lesson, Jarrett from Green Ocean Property Management breaks down what a special assessment actually is, why it really happens, and the simple math that explains the whole problem. The same $300,000 roof costs an owner almost nothing when it's funded steadily over 20 years — or $10,000 due immediately when the saving never happened. Same roof. The only thing that changed was when the board saved.
You'll learn the five things a Massachusetts board does to avoid a special assessment:
- Get a current reserve study
- Fund to that study's plan, not to whatever keeps dues lowest this year
- Review reserves every year at budget time
- Don't defer maintenance — small fixes are far cheaper than the failures they become
- Communicate with owners early
None of it is complicated. The hard part is the discipline of doing it every single year, without fail — which is exactly what a good manager keeps on the rails.
Want to know where your association stands today? Grab our free Reserve and Compliance Checklist at trusteeteacher.com — you'll know in an afternoon.
A plain-English lesson for Massachusetts condo trustees and HOA board members from Green Ocean Property Management — managing 500+ units and 60+ condo associations across Greater Boston since 1977.
🔗 Free Reserve & Compliance Checklist: trusteeteacher.com
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How a Massachusetts Board Avoids a Special Assessment
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