Management Companies
What is meant by a reserve study for property management companies?
Partner property management companies manage dozens, and sometimes hundreds, of properties at once. Community boards rely on reputable management companies for financial matters and long-term planning.
Reserve study group works directly with property management companies to provide a full-scope reserve study, thereby handling all finances and long-term financial goals for the community. Our task is to take reserve planning off your plate so you can invest your time in other tasks. We provide clear professional reports that hold up to scrutiny from boards, auditors, lenders, and regulators alike. We keep you fully prepared to answer every question your client asks!
Who needs a reserve study for property management companies?
Regional Property Management Firms
companies managing a regional portfolio of homeowner, condo, and planned associationsNational Property Management Companies
Large firms operating across multiple states to handle diverse community typesIndependent Property Managers
independent service managers and smaller boutique firms, to strengthen the service they offer.Accounting and Audit Teams
Property management companies with internal accounting or audit functions depend on reserve studies for structured financial analysis of the communityDeveloper-Transition Teams
Property managers overseeing the transition of newly built communities need a reserve study to serve as the community's financial starting point and to protect incoming boards from inherited funding shortfalls.Not sure if we are the right fit for your company
contact our team, and we will guide you on how we work!
Is Your AMC Financially Prepared for Future Risks?
- Challenge 01'Unexpected' repair costsWhen a common component fails, a AMC can face an unexpected budget hit. The AMC reserve study helps you understand when to expect and adequately plan for expenses before they actually occur.
- Challenge 02Underfunded reservesMost associations discover too late that the reserves they set aside for repair, replacement and maintenance isn't enough. The AMC reserve study helps you compare your existing plan and reserves against industry standards and recommendations.
- Challenge 03Special assessmentsCommunity trust is lost instantly when an AMC is forced to pass a surprise special assessment. Proper reserve planning helps the AMC pass these emergency situations with confidence.
- Challenge 04Inaccurate budgetingAnnual budgets prepared without a proper assessment of future expenses are based solely on assumptions. A reserve study helps you use real numbers to calculate your budget and plan accordingly.
What is included in a reserve study for property management companies?
- RESERVE COMPONENTSComponent inventoryThe component inventory is the engine of a reserve study. It identifies and lists every major common element the association is responsible for maintaining, repairing, or replacing over time. The inventory tells associations what they are saving for.
- Physical AnalysisCondition assessmentOur team assesses your common areas and documents wear patterns, deferred maintenance, prior repairs, or premature deterioration. We assess current condition in an effort to set estimated lifespan to support better financial planning.
- Financial Analysis30-year funding planModel your anticipated expenses and reserve fund management strategy. Get a clear view of how your annual contribution will prepare you for the future and whether it will be enough to offset costs over the coming years.
sample for Property Management Companies
Benefits of a Professional Reserve Study
Better financial planning
Less guesswork and more information to help with planning.Avoid special assessments for residents
Fewer surprises for residents and improved transparancy for Boards.Maintain property values in the market
Better values for properties with fully funded financial reserve planning.Accurate annual financial budgeting
Set contributions and budget with confidence.Long-term cost control
30-year projections, giving full financial control and strategic insight over the short to long term.
Don't just take it from us
We focus on the
detail and the big
picture.
- Experience
Thousands of clients
We have over 20 years of experience in working with communities of all sizes and situations. - Quality
Accuracy is all the matters
Our process helps us provide recommendations that enable you to take the right step forward. - Clarity
Clear guidance
Our reports provide clear and actionable steps to help move your association in the right direction.
Frequently Asked Questions
In what ways does the Reserve Study Group work with property management companies?
We handle the full scope physical inspection and financial analysis of all components of the community. Moreover, we deliver professional reserve study reports that your boards can use for budgeting, compliance, and long-term planning.
Are you able to handle reserve studies across a large portfolio of communities?
Absolutely! We at the reserve study group have the capacity to handle large geographic-area communities with absolute accuracy and professionalism so that you can maintain your position as the best property management company in the market.
What types of communities do you prepare reserve studies for?
We prepare reserve studies for homeowner associations, condominium associations, planned communities, mixed-use developments, and a wide range of other common interest communities. If your portfolio includes a mix of community types, we can handle them all under a single, consistent process
How long does a reserve study take to complete?
A full reserve study with a complete onsite inspection usually takes almost three to six weeks from the initial site visit to final report delivery. It typically depends on the size and complexity of your community. Financial updates without a site visit can often be completed more quickly. We work according to your schedule and keep you updated about progress.
Do you help with compliance with state reserve studies?
Yes. Reserve study legislation varies by state and is evolving quickly. We stay current on requirements across all the states we operate in and can help you understand what is required for each community in your portfolio. Our state law guide is also available as a free resource for property managers navigating reserve study legislation.
What makes Reserve Study Group different from other reserve study companies?
Our focus is entirely on reserve studies. We do not offer a broad range of unrelated services. We specialize in reserve fund analysis and long-term financial planning for community associations, which means every member of our team is focused on doing this one thing exceptionally well
Can we get a sample report before committing to reserve the study group?
Of course! We encourage property managers to review a sample reserve study report before getting started, so you know exactly what your clients will receive. Download a copy directly from our website, or contact our team, and we will walk you through it in detail.
If you have any questions, our team of reserve study professionals will contact you immediately.
