Since Surfside, condominiums throughout the nation have been evacuated as a result of safety concerns. Horizon West (Waukesha, WI), Port Royale (Miami Beach, FL), Renaissance Tower (Myrtle Beach, SC), and Camelback Village (Olney, MD) to name a few. Many states, and in some cases, counties, have taken action to address the issue of aging infrastructure.
Casey Lewis, RS, joined Reserve Advisors in 2018 and was recently promoted to the Regional Engineering Manager of the West Region. In this role, Casey leads the professional development of the firm’s regional engineering team and oversees quality assurance of reserve study deliverables.
Reserve Advisors is thrilled to announce that at the CAI Annual Conference’s opening session on May 4th, six of our incredible engineers were officially inducted as Reserve Specialists (RS).
Reserve Advisors Receives Florida Community Association Journal’s Platinum Level Readers’ Choice Award
Reserve Advisors has received Florida Community Association Journal’s 2021 Platinum Level Readers’ Choice Award in the financial services category.
Supply Chain Issues and Rising Costs – Best Practices for Addressing Your Community’s Capital Planning Needs
We are often asked, “how can my association account for supply chain issues and rising costs when addressing our capital planning needs?” Unfortunately, this question often times arises when a community is in the thick of addressing urgent capital projects.
In the wake of the tragic collapse of the Champlain Towers Condominium in Surfside, Florida, many people want to know how such a thing could happen.
Matt Ferguson, RS, is a member of Reserve Advisors’ Engineering Team, serving the firm’s clients from its Dayton, Ohio office.
The recent highly-publicized Surfside tragedy has motivated many property managers to contact us with questions about reserve studies for aging infrastructure. Below are answers to the most common questions we receive.
A Reserve Study is made up of two parts, as defined by Community Associations Institute (CAI) and the Association of Professional Reserve Analysts (APRA) – the Physical Analysis and the Financial Analysis of the common elements.
A reserve study is a tool used to provide an opinion of the annual reserve contributions required to support the reserve expenditures at a property.