Someone who attended one of our recent webinars asked an interesting follow-up question worth sharing. His association manager had recently told him that a Funding Plan based on the Straight Line methodology (also known as the Component Method in National Reserve Study Standard terminology) was more accurate than a Funding Plan based on the Cash Flow methodology, and he wanted my opinion on the matter.
Clients often ask, “When is the appropriate time to replace a reserve component?” A few weeks ago, I had the privilege of working with an Association client with this exact dilemma.
For many homeowners, keeping your property aesthetically appealing is an important part of owning a home, and that starts with choosing the right irrigation controllers.
A Boardmember recently asked what defines “too far” with respect to choosing to do a Reserve project on time or to defer the project. In other words, when do deferred repairs get to the point of the Board dangerously incurring liability and financial risk?
While conducting hundreds of Reserve Study site inspections each year, our team of Reserve Specialists occasionally run into some rather interesting assets that pass the Component List 4-part test and thus should have their repair or replacement costs reserved for.
Each year, through blistering summer heat and winter’s icy blast, the church’s roof deteriorates a little more. The carpet in the narthex and office becomes
