Reserve studies are a great tool to project reserve item quantity sizes and future costs. They contain detailed information about the association’s long-lasting capital reserve items—things like roofing, painting, paving, clubhouses, recreation areas and various other items. Reserve studies project how long an item will last (useful life), how long that item has before it […]
property manager
The Team Effort of a Reserve Study
Reserve studies require input from multiple people to be their most effective. To get the maximum benefit from a reserve study, multiple parties should be involved: the reserve analyst, the property manager, and board members within the association. Each of these parties brings unique skills and knowledge to the process that can make the report […]