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A Reserve Study is a tool to analyze and assess the physical health of any property. In the case of Association-governed communities like condos, co-ops, HOAs, OAs, POAs, and PUDS, the property’s future is in the hands of the Board of Directors. A Reserve Study that is up to date and relevant on an annual basis safeguards board members from any liability that may arise from any evidence that the reserves have been mismanaged or poorly maintained.

We’ve all heard the famous quote “Nothing is certain except for death and taxes”, often attributed to Benjamin Franklin. But we all know there are a few more certainties in life.

Reserve Studies are budget planning and disclosure documents prepared to help the board meet their responsibility to care for the assets of the association.

We subscribe to a media monitoring service that scours the internet for any “mention” of our company name. We do this to measure our influence in the Reserve Study industry and identify hot issues or trends.

I found this article thought-provoking. I read the article from the point of view of a professional who has been serving non-profit community association clients for over 30 years.

Yes, it is a Reserve Study prepared for your association, and you are the client. But in this case, the client is not always right.