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It’s a New Year – Don’t go on a Reserve Diet!

I was recently contacted by an association explaining their strategy of not funding their Reserves according to the recommendation in their Reserve Study. They looked at that recommendation, then decided on a smaller contribution rate that they felt was reasonable (about half, they explained).

Why are components “Lumped Together” in a Reserve Study?

This was a good question asked recently by a client. They wanted to see all the separate items in their equipment shed in their Reserve Component List, not all the mowers grouped together, or the small runabouts grouped together.

Why Reserve for 30 yrs instead of 20 yrs (or less)?

It is true that accuracy of Reserve projections increases as the projected expense approaches. An expense expected in the next five years (Remaining Useful Life of 0-4 yrs) is much more certain in timing and cost than an expense projected 25 or so years away.

Is there such a thing as “Roof Reserves”?

This question came up in our recent Reserve Studies "under the hood" webinar (see www.ReserveStudy.com/webinars), designed to provide a general introduction to what a Reserve Study is, and what useful and valuable information you'll find in a Reserve Study.

What if the Client Makes Other Plans?

Sometimes a client will be candid with us, and ask for the recently completed Reserve Study to be revised “because the Board has decided to not do the _________ project this year as recommended, they plan to do it __ years from now.”

Reserve Study Tasks – Not to try at Home!

Yesterday three things happened that were the result of people taking Reserve Study projects into their own hands. Weird that they all happened in one day. Unfortunate, because they each point out that some tasks are best left to a professional.