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One of the biggest challenges for Rhode Island landlords and property owners is keeping units filled with reliable, long-term tenants. The key to achieving consistent occupancy isn’t luck, it’s strategy. At The Hennessy Group, we help owners prevent vacancies with proactive management through better tenant relationships, consistent maintenance, and smart planning.

A Reserve Study is a snapshot of your property’s current condition and a roadmap that helps boards make smart, data-driven decisions about repairs, replacements, and long-term spending. When used correctly, it becomes the foundation for a comprehensive 30-year capital plan that keeps your community financially healthy and prepared for the future.

At The Hennessy Group, our property management team in RI helps owners prepare their rental properties each fall to ensure smooth sailing through the colder months. Here’s what we’ve learned (and what we’ve seen go wrong) from years of hands-on experience.

Selecting the right firm for Reserve Studies in Rhode Island is one of the most important decisions your HOA or condo association will make. A well prepared reserve study sets the foundation for your community’s long-term financial health and ensures that capital projects are anticipated, funds are properly allocated, and surprises are minimized. But not all firms offer the same level of expertise, especially when it comes to local laws, weather conditions, and community dyna

In this guide, we’ll cover what to include in Rental Agreements in Rhode Island, common mistakes to avoid, and real life examples from our prop

What Rhode Island Law Says About Reserve Studies: Understanding Rhode Island’s Legal Framework Under the Rhode Island Condominium Act (R.I. Gen. Laws §34-36.1), associations must establish adequate reserves for future capital expenditures and major repairs. Even though the law doesn’t explicitly mandate the completion of a “reserve study,” it does require boards to ensure reserves are “sufficient” to meet anticipated needs. A reserve study is the only credible way to prove t

Every landlord and association board dreads the middle-of-the-night phone call about a burst pipe, leaking roof, or furnace failure. Emergency situations are where a property management team in Rhode Island, like The Hennessy Group, truly shines. In addition to collecting rent and scheduling maintenance, our job is to protect your property, your tenants, and your peace of mind when the unexpected happens.

If you avoid these common reserve study mistakes, you can save your association from financial strain and homeowner conflict. Whether you’re establishing your first study, need to Update Your Reserve Study in Rhode Island, or want clarity on the Difference Between Reserve and Operating Budgets, our team provides clear, actionable insights.

Terms like “HOA” and “Condo Association” are often used interchangeably in reference to community living in Rhode Island. While they share similarities, there are important differences that every homeowner, board member, or landlord should understand. Knowing these distinctions can help you make smarter decisions about buying, renting, or managing property in Rhode Island.

Many small HOAs and condo associations wonder if the process of Reserve Studies in Rhode Island is truly necessary. After all, with fewer units and a smaller budget, it can feel like a luxury rather than a necessity. But the truth is, even the smallest associations benefit tremendously from a professionally prepared reserve study. At Hennessy Reserve Partners, we’ve seen firsthand how small boards that take the time to plan properly end up saving money, avoiding special asse

Late rent is one of the most common issues landlords face. Even when you’ve done your best with screening tenants in RI, financial setbacks, job changes, or unexpected life events can cause a tenant to fall behind. If you’re a landlord, it’s important to know exactly what steps to take and when to involve a property management company in Rhode Island to protect your investment.

Working with condominiums and homeowner associations, few topics stir up more frustration among board members and homeowners than special assessments. These unexpected charges, often running into thousands of dollars per unit, can strain budgets, create tension within communities, and even lower property values. The good news? With a well-prepared reserve study, your association can plan ahead, keep finances healthy, and drastically reduce the need for sudden special assessme

One of the most important aspects for landlords and property managers is keeping tenants happy and properties in good condition by responding to maintenance requests quickly and effectively. At The Hennessy Group, we know that efficiency is about speed and creating systems that make communication seamless to ensure nothing slips through the cracks.

Reserve studies for community associations and condo boards aren’t just numbers on a spreadsheet. A strong reserve study is equally rooted in the physical and financial realities of your property. At Hennessy Reserve Partners, we emphasize that understanding the physical vs. financial analysis in reserve studies is the key to long-term stability and peace of mind for your community.

Owning rental property in Rhode Island can be a great investment, but it also comes with serious legal responsibilities. One of the most important parts of Rhode Island property management is understanding RI rental laws so you can protect your investment and ensure a fair, professional relationship with tenants. At The Hennessy Group, we’ve seen firsthand how small oversights in compliance can turn into big headaches. 

One of your most important responsibilities is ensuring your community is financially prepared for the future. That’s where having reserve studies in Rhode Island comes in. There’s no question that having a reserve study is important but it’s also important to know how often you should update your reserve study in Rhode Island.

One of the most important financial responsibilities for HOA, condo boards and other associations is understanding the difference between reserve and operating budgets. Both are essential to keeping your community running smoothly yet each serves a very different purpose. Mismanagement of one or confusing the two can lead to financial strain, deferred maintenance, and even special assessments that frustrate homeowners.

Landlord responsibilities in Rhode Island can feel overwhelming, but you don’t have to navigate them alone. By understanding the answers to common landlord questions, you’ll be better prepared to protect your investment and build lasting tenant relationships.

Choosing the right tenant for your rental property in Rhode Island can be the difference between steady income and endless headaches....

One of the most critical tools for financial stability and property preservation is a reserve study. At Hennessy Reserve Partners, we’ve seen how Rhode Island Condo Association Reserve Studies protect homeowners, prevent financial crises, and build trust between boards and residents.