Serving the Midwest

Association Reserves has been professionally conducting Reserve Studies in the Midwest region since 1995. Due to an increasing volume of work in the region, the Chicago office was established in order to better serve the needs of our clients. Whether your association is a downtown high-rise, a townhome community, a single-family home development, or a one-of-a-kind resort property, we have the resources and experience to help you plan now to prepare for your future. We are also aware of the local weather conditions and environmental impacts on your Association’s assets. We are pleased to be able to serve the Great Lakes region locally and continue to meet the needs of our current customers throughout the region.

Our Team

Robert Nordlund, PE, RS

President

Paige Schauermann

Marketing Manager

Co-Lee Grev, AMS, PCAM, RS

Project Manager

Need a Reserve Study Proposal?

Our Services

We offer a range of services to meet every budget and need. We focus on high quality and to exceed expectations with each Reserve Study and professional service.

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Which Level of Service is Right for My Property?
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What Happens Next?
Level of Service Site Visit Measurements Component List Condition Assessment Photographs Price
Reserve Study- Full
Yes
Yes
Created from Scratch
Yes
Yes
$$$
Reserve Study Update- With Site Visit
Yes
No
Updated from Prior Report
Yes
Yes
$$
Reserve Study Update- No Site Visit
No
No
Updated from Prior Report
Yes
No
$
Do-it-Yourself Reserve Study Kit
No
No
Provided by Client
No
No
$349

We work with all types of properties

Association Governed Communities

Association Governed Communities

Condos, Co-ops, HOAs, POAs, PUDs, Townhomes, etal.

Vacation Ownership Resorts

Vacation Ownership Resorts

Timeshares, Fractionals, Travel Clubs, & Vacation Clubs

Municipalities & Commercial Properties

Municipalities & Commercial Properties

Governments buildings & facilities at the federal, state, county and city levels as well as commercial or mixed use developments

Worship Facilities

Worship Facilities

Properties owned by any faith community

Schools, Colleges, & Univesities

Schools

Private and public schools, school districts, colleges and universities

Camps, Retreats & Charitable Organizations

Camps, Retreats & Charitable Organizations

Day camps, overnight camps, retreat centers, and properties owned and maintained by any charitable organization

Private Clubs & Recreation Centers

Private Clubs & Recreation Centers

Club or organization that owns and maintains property as well as private or public recreation centers

Other Types of Properties

Other Types of Properties

Our Reserve Studies Clearly Spell Out What Needs to be Reserved for, Evaluate the Strength of the Current Reserve Fund and Recommend a Funding Plan

Every Reserve Study includes Three Key Results

COMPONENT LIST- detailing the scope and schedule of all Reserve Projects

CALCULATION OF RESERVE FUND STRENGTH (%-Funded)

CUSTOM FUNDING PLAN going forward that allows for timely repairs & replacements with an emphasis on avoiding supplemental funding sources

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Robert Nordlund, PE, RS

President

A registered professional engineer, Robert has been involved in the Community Association industry since 1982. Robert founded Association Reserves, Inc. in 1986 and has pioneered many widely used reserve funding concepts. For his expertise, he earned the Community Association Institute’s (CAI) Reserve Specialist (RS) designation and has the distinction of being RS #5. Robert was involved in creating the 1998 National Reserve Study Standards and has greatly influenced the Reserve Study industry. He is a past Chairman of CAI’s Reserve Professionals Committee, past Chairman of the Association of Professional Reserve Analysts, and past President of the Community Association’s Institute (CAI) Greater Los Angeles Chapter. Robert regularly writes on the topic of Reserve Studies and is a frequent speaker in industry-sponsored seminars and presentations throughout the United States. He is often called to serve as an expert witness in litigation involving reserve issues.

CREDENTIALS

CAI Educated Business Partner

Paige Schauermann

National Marketing Manager

Paige joined Association Reserves in 2012 after graduating from California Lutheran University with a Masters degree in Business Administration. A native of Colorado, she obtained a BS in Business Marketing from the University of Northern Colorado. Her undergraduate education also included a semester at Griffith University in Queensland, Australia. Paige worked in numerous advertising and marketing capacities while attending college. In her role at Association Reserves, Paige serves as the “face” of Association Reserves, promoting our company image and expertise in markets where Reserve Study services are needed and utilized. Her experience with trade show operations, her knowledge of business, and her marketing passion and creativity makes her an excellent addition to our team and an asset to our clients.

CREDENTIALS

CAI Educated Business Partner

Co-Lee Grev, AMS, PCAM, RS

President

Co-Lee joined Association Reserves in 2022 with her Common Interest Development Industry experience of more than 20 years. She has managed and provided reserve analyst consultations for all types of Common Interest Developments, private clubs and even water districts in Southern California over her career and is now focusing on the State of Ohio & the Northeast. This experience has provided her with a unique insight into long-term planning for associations. For her expertise, Co-Lee earned the Association Management Specialist (AMS) #4859 designation, the Professional Community Association Manager (PCAM) #1963 designation and the Reserve Specialist (RS) #367 designation through the Community Association Institute (CAI).