MANAGEMENT LEADERSHIP
The Reserve Study Group is a team of designated reserve specialists committed to the highest levels of performance. Our service and insight is the result of many years in the reserve study industry and fields of construction management and remediation. Our Reserve Specialists® bring with them a unique portfolio of skills, knowledge of best practices and years of experience. We know how to offer the most up-to-date, practical and cost-effective solutions for your unique property situation.
RESERVE STUDIES
Condominium and Homeowner Associations, and their members, have a vested common interest in maintaining and preserving their investment. They have a perfunctory obligation to maintaining the major common area components of their property. In order to adequately prepare for anticipated costs of repair and replacement, Associations need to institute a savings plan and establish a reserve fund.
Reserve studies provide a periodic evaluation of an Association’s financial and physical status in relation to its reserve fund. In addition, the study provides insight into the Association’s unique financial position, preparing them so that sufficient reserves are available to accommodate future repair and replacement costs in relation to capital assets.
As a budgeting guide the reserve study allows the Association to establish monthly reserve fund contributions at a stable and evenly distributed level. The Reserve Study provides an awareness and understanding of the true scope for which the association is obligated to maintain. This is where RSG provides quality, readable financials over a thirty year projection.