Loyalty Update Plan

The Loyalty Update Plan is a 3-year series of renewing one year flat fee engagements. The plan includes 3 Reserve Studies prepared over 3 consecutive years: (1) Full Reserve Study or (1) Reserve Study Update With Site Visit (WSV) in addition to (2) Reserve Study Updates No Site Visit (NSV), in any order.

Reserve Study Update Plan Explained

Why a 3-Year Reserve Study Update Package?

Loyalty Update Plan Seal for Reserve Studies
The 3-year Flat Fee “Loyalty Update Plan” is a popular choice among our clients for seven reasons:

  • Boards and Managers benefit from having us “on their team”, rather than just an on again-off again relationship. Over three years we really get to know your property and are in a better position to guide the Association toward being properly funded.
  • Associations who perform annual updates to their Reserve Study tend to improve the strength of their Reserve Fund. This means that the risk of Special Assessment is reduced, reserve repairs & replacements can occur in a timely manner, there is less chance of deferred maintenance, and property values are protected.
  • Boards and homeowners have the assurance (for three years) that the Reserve Study will be updated despite Board and/or Manager transitions.
  • Boards save time by getting a 2-year break on discussing, deliberating, and deciding about hiring a Reserve Specialist
  • We save the Boards time and trouble when they can count on us to initiate the update process automatically each year.
  • It’s an easy way to make sure the Reserve Study is never out-of-date so that all annual State-mandated reserve disclosures (as applicable) will be “current”
  • It stabilizes the budget by locking in a set price for three years.


*Our “flat fee” annual price is based on the “Economy” turnaround time.

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