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.
Skimping on Reserve Contributions Doesn’t Save you any Money!
What’s better - $50/mo Reserve contributions (as part of your condo’s total monthly assessment) or $70/mo? All other things being equal, I’d rather pay a $50 monthly bill than a $70 monthly bill. But… not all other things are equal.
Real Estate Claims of “Strong Reserves” – Be Careful!
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.
Is Choosing a Reserve Study Provider All About Price?
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.
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 those costs are expected to occur.
