In this episode of Planned, Not Panicked: The Condo Owner Podcast, Candace and Alec break down one of the most misunderstood aspects of condo ownership — monthly fees. While most owners want to keep fees as low as possible, underfunding can actually lead to costly special assessments, deferred maintenance, and declining property values.

The hosts explain what it means to have right-sized fees — contributions that reflect the true cost of maintaining your building today while preparing for tomorrow’s expenses. You’ll learn how to evaluate your association’s financial health, what to look for in a reserve study, and why gradual, consistent fee increases protect your long-term investment.

Whether you’re a first-time condo owner or a long-time board member, this episode will help you understand the financial realities behind responsible condo management — and why “low fees” aren’t always a win.