North Carolina Reserve Studies

Ian McGeady
President
imcgeady@reservestudy.com

Association Reserves has been professionally conducting Reserve Studies in the Carolinas since 1995. Due to an increasing volume of work in the region, the North Carolina 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 on the coast, 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 Carolina region locally and continue to meet the needs of our current customers throughout the Mid-Atlantic region.

Association Reserves - North Carolina
1310 S. Tryon Street #102
Charlotte, NC 28203
Office: 704/960-1711
Fax: 704/960-1719


The Benefit of Updating your Reserve Study Annually

Reserve Studies are budget planning and disclosure documents prepared to help the board meet their responsibility to care for the assets of the association. Many of the association’s common area components are so large that the association needs many years … Continue reading

EQ Retrofitting in Los Angeles, 2017

by Steven Beltramo, Project Manager, Association Reserves The Issue: Homeowners and Association Managers need to be aware that the City of Los Angeles has passed Ordinances 183893 and 184081, city laws that require the earthquake retrofitting of buildings that fall … Continue reading

Avoiding Future Special Assessments

By Drew Sleezer, Project Manager Life is full of risks. You may be stuck with your current circumstances, but you have surprising power to influence many future risks. As a manager or board member, you are responsible for the care … Continue reading

How Much are Adequate Reserve Contributions?

by Steven Beltramo, Project Manager At Association Reserves we understand board members face a big challenge to budget for the maintenance and replacement of their association’s major common area assets. Boards typically have little knowledge of project costs and when … Continue reading

Change to the FHA “10% to Reserves” Rule?

FHA approval is a status condo associations can attain, allowing unit owners/buyers to receive FHA insurance on their loans which make those loan more attractive to lenders. Depending on your location, as much as 30% – 40% of all residential … Continue reading

Is a Reserve Study Required Annually in California?

In a word, yes. California Civil Code 5550 requires a Reserve Study based on a “diligent visual site inspection” at least every third year, but requires the Board review that Reserve Study annually and “consider and implement necessary adjustments”. That’s … Continue reading

Make your Association 35% Better!

We all know that scarcity causes conflict and stress. Scarcity of Reserves causes deferred maintenance and special assessments, drags down property values, and causes other related problems. How can an association avoid these problems and emerge with sufficient funds to … Continue reading

Setting our Industry Up for Success

After 30 years preparing Reserve Studies, helping associations make wise decisions about their capital budgets to avoid surprises and the high cost of deferred maintenance, Robert Nordlund of Association Reserves has joined the national “Think Tank” of the Foundation for Community … Continue reading

Does our Association Need to have Healthy Reserves?

A good answer is both “yes” and “no”. Let me explain. Yes: Typical Governing Documents and the uniform legal expectations of Boardmembers  across the country require Boardmembers to maintain and protect the assets of the corporation on behalf of the … Continue reading

Reserve Contributions – They’re Not About the Future!

One of the biggest misconceptions about Reserve contributions I hear, even more than “they’re too much” or “we can’t afford them” (which I’ll address in another post), is that they are for the future. I don’t know how I can … Continue reading