Each of our Clients has their own unique challenges in their particular community / organization. Funding for long term project expenses is rarely a top priority to most until it is too late and “surprise” expenses present themselves in the typical fashion of leaking roofs, pot-holed asphalt, peeling paint and a lengthy list of other deferred maintenance issues we see on a regular basis.
Completing a reserve study will help to bring into the light the true costs of the building & site projects, an important first step to successfully budgeting for these items. In the eyes of our Reserve Analysts’ the vast majority of these “surprise” expenses turn out to be typical and can be adequately budgeted for many years in advance of the expense occurring.
We have the experience, tools and drive to provide a reserve study that can be relied on by Boards, Property Managers, Lenders, etc. Within our reserve studies you will find a comprehensive component list, recommendations for numerous allocation rates to the reserve account, a projected timeline of projects and expenses and a measurement of the current financial health of the reserve account; i.e. how much is actually in the reserve account versus how much ideally should be in the reserve account.