Legislation Regarding Structural Integrity and Condo Safety

Legislation

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 Promoted To Regional Engineering Manager of the West Region

Casey Lewis

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.

What is Included in a Reserve Study?

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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.

When Should a Reserve Study be Done?

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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.