Reserve Advisors’ Team of Reserve Specialists are Inducted by Community Associations Institute
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.
The Importance of Reserve Studies: What We Can Learn From The Champlain Towers Collapse
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 Receives Community Associations Institute’s Reserve Specialist (RS) Designation
Matt Ferguson, RS, is a member of Reserve Advisors’ Engineering Team, serving the firm’s clients from its Dayton, Ohio office.
Frequently Asked Questions: Reserve Studies & Aging Infrastructure
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.
What is Included in a Reserve Study?
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?
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.
How Much Should a Condo Have in Reserves?
Boards and owners alike must balance the need to keep adequate savings for future projects with the desire to keep monthly or quarterly fees at reasonable levels.
Are Your Reserves Fully Funded?
Are your reserves fully funded? It’s a great question, but at the risk of making this sound like a legal blog, it depends. In order to answer the question accurately, we first have to define the term fully funded.
