By Rafael Aquino

Published October 27, 2021  


This coming year we can expect to see many changes to association laws that will impact condo associations for years to come. The conversations are being had on whether to permit associations to waive reserves in its entirety, as done in the past, and possibly increasing the required percentage. Further, there are talks about certain reserve items such as structure/waterproofing, which will be mandatory reserve line items (no possibility of waiving.) While these changes will have a financial cost for some associations, I do believe it is necessary.


Those associations that aren't sure where they stand financially based on reserves should consider getting a reserve study. You don't want to wait until new regulations are imposed to start turning the wheels and start understanding how you will approach these new requirements. It is better to begin communicating with your residents immediately.


Certain associations will find themselves in a very tough position because the cost to get everything up to standard might surpass what the residents can afford or are willing to pay. So, what do you do in the situation? In some buildings, the only other option will be to sell the entire condo to an investor/developer. Often, residents don't like the sound of that, but it's the best option in some instances. My team and I have been involved in two condo terminations, and in both cases, the owners received more than the actual value of the unit, so it was a win-win for all parties.


Change is coming, and it will be here before you know it. If you sit on a board, make sure you take these potential changes seriously and are being proactive.

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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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