Association Reserves
Association Reserves began serving the Florida marketplace in 1992 and has developed a unique understanding of the needs of community associations throughout the Sunshine State. Whether your association is an oceanfront high-rise, a townhome or single-family home development, or a one-of-a-kind timeshare, we have the resources and experience to help you plan for the future. We are proud members of seven chapters of CAI in Florida, Georgia, and the Carolinas, as well as The Broward Coalition, Miramar Communities Council, and CAMP. Every Reserve Study we conduct incorporates our knowledge of local pricing and other regional factors, and satisfies both state requirements and National Reserve Study Standards. From the Keys to the Panhandle, we aim to be Florida’s first choice for Reserve Study services.
Our mission is bringing insight and order to a distracted and cluttered world, so our clients can cost-effectively make wise decisions about the care of their properties. Founded in 1986, Association Reserves is a recognized industry authority in preparing Reserve Studies for Association-governed communities. Each year, thousands of clients trust in our ability to provide independent, custom, financially stable funding plans that ensure timely repairs & replacements to their common area assets.
In order to achieve our mission, we apply our core skills of information gathering, financial analysis, and presentation of results.
Our goal is to provide the best value and customer service at an attractive price, using the industry’s most capable team of employees. Planning our company’s future will focus on stability, profitability, and upholding our core values.
- We will be an example of honesty, superior value, and expertise to our clients and competitors.
- We expect results and effort, teamwork and individual initiative from all employees.
- We are informal, open-minded, forward thinking, and results-oriented.
- Customer service begins with serving the needs of our employees. The best work is done in a comfortable environment, where employees have the time, tools, training, and trust to do their jobs well.
Levels of Service
We want you to feel confident selecting the right type of Reserve Study for your Association! All of our Reserve Studies are prepared by Reserve Specialists in accordance with National Reserve Study Standards. The resulting report covers a one-year period and includes a 30-year cash flow forecast. Your Report (and other files) will be posted online for easy, anytime access. Your free Video Explanation of Results will help you communicate with Boardmembers and Homeowners. Your free Funding Analysis Software will allow you to compare various what-if scenarios.
Every Reserve Study includes the following key three results:
- Component List detailing the scope & schedule of all Reserve Projects
- Calculation of current Reserve Fund Strength (% Funded)
- Customized Funding Plan going forward that allows for timely repairs & replacements, with an emphasis on avoiding special assessments
Your proposal from Association Reserves will include the following offerings:
Single Year Engagements
designed to meet your schedule, with 3 turnaround options (economy, standard and rush)
Level of Service |
Site Visit |
Measurements |
Component List |
Photographs |
yes |
yes |
created from scratch |
yes |
|
yes |
no |
updated from prior report |
yes |
|
no |
no |
updated from prior report |
no |
“Loyalty Update Plan”
This popular “flat fee” Loyalty Update Plan is designed to save you time & stabilize your budget
“Do-it-Yourself” Reserve Study Kit
The Do-it-Yourself Reserve Study Kit requires a team effort between us and our client and represents our most economical product. It’s designed for cost-conscious clients who are capable of compiling and/or updating their own Component List, detailing the scope and timing of each component’s future repair or replacement. It is on the basis of the client-submitted Component List that we are able to calculate your current Reserve Fund Strength. Finally, we craft a custom Funding Plan that allows for timely repairs and replacements, with an emphasis on avoiding special assessments.
A word about Reserve Study Updates…
Why Would Anyone Update a Reserve Study Annually?
Many Boardmembers and Managers ask themselves this very question. With Reserve contributions making up 15% to 40% of the typical Association’s budget, let’s look at the issues involved in formulating an answer. Read More
Consulting Services & Expert Witness Testimony
We offer a wide range of hourly consulting services for all matters related to community association Reserves. Rely on our expertise to review your own “in‐house” reserve planning or have us run some special “what‐if” reserve funding scenarios.
Consulting Rates: $200/hour (office work, site inspections, board meetings)
Litigators can look to Association Reserves for high caliber consulting, investigation, and testimony in all areas related to Reserves. This includes component lists, site inspections, financial analysis, computational methods, and Reserve Funding plans.
Expert Witness Rates: $300/hour (office work), $400/hour (deposition or trial appearances)
Association Reserves - Florida | Orlando Office
1800 Pembrook Dr. - Suite 300
Orlando, FL 32810
Office: 800/706-4560
Fax: 800/706-2339
http://www.reservestudy.com