By Rafael Aquino

Published March 23, 2022  


The topic of reserves is so important, and it's one that is needed to be had even more so in today's environment. With the cost of goods going out the roof and labor shortages increasing the cost of services, I wonder how those associations with no reserves or limited reserves manage when a project is due or a major component breaks down. Those associations with reserves will experience a challenge; however, at least they'll have something set aside.


I've experienced that those boards with no reserves want to pass some form of reserves, but they hold back because they are concerned about what owners will think of them if they do the right thing. Further, they believe that owners can't afford any increase. However, the sad truth is that if something did get damaged, they would still need to ask for the money and, in most cases, have to pay interest as well. 


Florida is one of the only states in the US that allow association boards/owners to waive reserves. I ask myself why is that and what benefits are associations getting out of this. I'm still disappointed that our legislatures didn't fix this significant issue. As our associations continue to age, the challenges will continue to confront those associations with limited or no reserves.

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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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