Useful links

The links below provide a range of useful and accurate information in relation to community management and reserve study requirements.

did you know?

The number of condominium associations in the United States has risen dramatically from approximately 10,000 in 1970 to an estimated 286,000 today.

There is a national designation for reserve providers. The Reserve Specialist® (RS®) designation was developed to introduce minimum standards for the industry and reserve professionals.

With the passing of SB 278 in 2010, the state of Utah now requires condominium and community associations to conduct and review reserve studies on a periodic basis.

In June 2008 Washington State passed a new law regarding reserve studies for condominiums. The law encourages condominium associations to establish a reserve account and annually conduct a reserve study.

Frequently Asked Questions

Is there a Law that states a reserve study is required?
A number of states including California, Washington, Oregon and (more recently) Utah have passed reserve study laws, however, other states such as Montana and Idaho have no specific legislation in place. For more information on specific state requirements we recommend that you review the links highlighted on this page.

How often is a reserve study required to be updated?
We recommend that a reserve study is updated annually by a certified Reserve Specialist.

How much does a reserve study cost?
The cost of a reserve study is dependent on the complexity, size and location of an Association and the type of service level selected (Level I, II, III). Reserve study options and associated pricing will be provided on request.

How long does it take to complete a reserve study?
The reserve study will be generated within five weeks of a signed contract being received by RSG. Turnaround times can also be expedited on request for a small additional fee.

How do I request a proposal?
Proposals can be obtained by filling in the request form on this website or alternatively by calling one of our Reserve Specialists in the office toll-free at (888) 315-2843.