Local knowledge/experience is critical during the component analysis process. Each property's age, construction type and maintenance history mean that standard answers rarely apply, so these estimates should be tailored for the association.
The goal is to develop a plan that has a stable and predictable path, which plans to collect sufficient funds for timely repair/replacement, while avoiding a likelihood of special assessments, or deferral of needed projects.
Strategic planning is looking to the future to help determine the direction of present time decision making. A Reserve Study helps you project possible future events in order to determine what steps for financial planning and component scheduling need to be done now in order to be ready in the future.
Reserve Analysis Consulting conducts reserve studies in all major cities throughout Northern and Southern California. We have locally experienced Reserve Analysts providing reserve analysis services in the following areas:
Reserve Analysis Consulting conducts reserve studies in all major cities throughout Northern and Southern California
Level I is a Full Reserve Study and is the most comprehensive study that we offer. A Full Reserve Study is recommended for an initial baseline study of a new facility. This study creates a complete component list and provides the foundation for all future Reserve Studies.
The Level ll Reserve Study is an on-site full re-inspection update and is recommended for a periodic update to the component list and financial analysis. Periodic updates should be scheduled every two to five years. A Level II Reserve Study may be warranted more frequently for facilities with complex component inventories.
Level III is a Reserve Study Update Without Site Visit. This level of service depends heavily on the reliability of the existing Reserve Study and is appropriate for years where there has been little change and for facilities with limited component inventory lists.
We found the Reserve Study from Reserve Analysis Consulting to be the most understandable and easy to use study we have ever had. It gave us our information in laymen's language and simple math in a layout that presented the information in a very logical way.
-Board President
The most helpful thing about working with Reserve Analysis is that they take the time to work with me and my boards to see funding options that recognize the realities of each association rather than trying to force fit them into some preconceived formulas. When I call, they answer!
-A professional HOA manger of 18 years experience
I am a resident manager of a 20 story urban condo building that requires a very detailed and complex information gathering and communication relationship. Reserve Analysis Consulting has the experience background I rely upon for insightful thinking in managing the physical assets of my building. Their clear and organized report enables me to make complex information understandable to my board members.
-Professional manager of a high-rise building association with 27 years of managing experience.
We have a very strong fiduciary commitment to our resident owners and their families. As a 24/7 operating facility serving senior people we cannot tolerate a failure. Our Reserve Study work with Reserve Analysis gives us the managing capability to function with preventive planning that helps us deliver services to the highest level of satisfaction for our residents.
-Executive Director of a 225 resident retirement community.
