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Serving on a condo or HOA board comes with big decisions and few documents are more important than your reserve study. Yet many board members skim it once, file it away, and only revisit it when a major expense or special assessment looms. This Board Member Edition  is designed to change that. In this guide, we’ll walk through how to read a reserve study like a pro , explain key sections in plain language, and show how reserve studies protect property values, stabilize budget

Tenant turnover is one of the biggest hidden costs in property ownership. Between vacancy loss, cleaning, marketing, leasing fees, and potential damage, replacing a tenant can cost thousands.

Choosing the right reserve study provider is an important decision for an HOA, condo association, or common interest community. The right partner creates a reserve study that helps protect property values, guides long-term planning, and reduces the likelihood of special assessments. If your board is reviewing or planning reserve studies in Rhode Island, these are the most important questions to ask your reserve study provider before moving forward.

As a property management company in Rhode Island, The Hennessy Group helps landlords navigate these rules every day. Below is a clear, updated breakdown of what landlords should know and how security deposits tie into lease enforcement, maintenance, and overall property management in RI.

As the year winds down, HOA boards are busy closing financials, planning budgets, and preparing for the upcoming year. One of the most important tasks during this period is completing a thorough End-of-Year Reserve Fund Checklist for HOAs. This ensures your community remains financially strong, legally compliant, and fully prepared for the ongoing upkeep of its major components.

As the calendar wraps up, landlords across Rhode Island are preparing their End-of-Year Maintenance Checklist for Rental Properties. This annual routine is a core part of protecting your investment, reducing emergency costs, and keeping tenants happy. Self-managed landlords and those working with a property management company in Rhode Island should be completing their annual checklist now to prevent costly surprises in the new year.

Inflation has quietly become one of the biggest threats to long-term community stability yet many HOA and condo boards still underestimate how rapidly material, labor, and construction costs rise. The Role of Inflation and Cost Escalation in Reserve Planning is now more important than ever for Rhode Island communities, especially as associations navigate aging buildings, fluctuating vendor pricing, and capital projects that no longer match historical budgets.

Understanding exactly what you’re paying for in leasing fees and management fees can feel like decoding a foreign language as a Rhode Island landlord. This guide breaks down every cost, why it exists, and how it protects your property and your bottom line. Using this Guide to Leasing Fees and Management Fees is the first step toward running a profitable rental property. With the right partner, you get fewer headaches, better tenants, and stronger long-term returns.

A Reserve Study is one of the most important financial planning documents an HOA, condo association, or community board will ever receive. Although, most board members have never actually seen a full example or understood what each section really means.

Staying ahead of repairs and planning for long-term upkeep is one of the most important responsibilities of being a landlord. Without a solid maintenance budget, small issues can quickly become expensive problems. These problems can lead to late rent, emergency calls, frustrated tenants, and even evictions. This guide breaks down how Rhode Island landlords can approach Budgeting for Property Maintenance, avoid preventable costs, and protect their investment.

Is Your HOA or Condo Association Underfunded? Learn how percent funded works, why it matters, and how reserve studies protect long-term property values. Hennessy Reserve Partners explains key risks, common mistakes, and how Rhode Island associations can get back on track.

Evictions in Rhode Island can be one of the most stressful situations a landlord faces. Understanding eviction laws, timelines, and tenant rights is critical to protecting your investment and maintaining professionalism as a landlord. At The Hennessy Group, we help new property owners to seasoned investors navigate everything from rental agreements in Rhode Island to tenant maintenance requests, so when an eviction becomes unavoidable, you’re prepared to handle it correctl

Maintaining property value is a constant responsibility for condominium and homeowner associations. Every element of your community’s infrastructure naturally wears down over time. Reserve studies in Rhode Island are designed to anticipate these future costs and ensure that communities have a plan and the funds ready to preserve both aesthetics and value.

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.