- Based on a package that has been used by the leading reserve
fund providers.
- Provides the ability to try many scenarios to obtain the lowest
possible monthly assessment all within minutes. Our Reserve Fund
Consultant will meet with you to run through all the What
ifs, using the collected data.
- Provides Reserve Pro with a tool to provide a report
in days or weeks rather than months. This saves the Condo Association
time and money.
- A soft copy of the data is left with the Association for safe
keeping although Reserve Pro will store the data for
7 years.
3. Team Approach
- A Reserve Fund analyst requires a diversity of knowledge and
skills
- New Construction: Code and Safety compliance, useful life
of components
- Old Construction: Defect recognition, estimating remaining
life spans of components
- Cost estimating: recommending the most economical methods
and alternatives for repair and replacements
- Project management: Timely delivery and liaison among the
stakeholders.
- Finance and Accounting: Cash flow analysis, budget cost
optimization and planning.
At Reserve Pro we have extensive experience, qualifications and
the knowledge required to perform the component inventory, status
and replacement/repair estimating for any reserve study. Admittedly
we are not strong on the financial requirements; therefore we rely
on our custom designed software application and the advice from
your current accountant. In some circumstances we solicit expert
help to provide the most up to date information in specialized areas
such as environmental and legal issues.
The Team approach enlists the experts in each area and provides
us the ability to provide a superior and timely service to the customer.
4. Target small to medium size projects.
- Large high rise
projects can contain many surprises and they require specialized
equipment to evaluate the components to provide a comprehensive
report. Although we look forward to the challenge, we know the
large projects require specialized knowledge and experience
probably found in companies from outside the province where
Reserve Fund Studies have been the norm for many years.
- Reserve Pro is a division of Professional Building Inspections,
Ltd., where the resources are borrowed as required.
- We believe we can provide a better and more personable service
at a reasonable cost compared to large engineering companies
for medium and small Condo and HOA corporations.
- We work daily on wood framed and low rise commercial buildings.
This is our comfort zone.
- We are quite willing to undertake a large project if the Condo
Corporation understands that it would be a learning experience
for us. We know that we can manage the project and we have the
skills but determining the cost for our services would be difficult.
5. Long Term Relationships
- Reserve Pros goal is to work with a Condo Association
for years to come.
- We will provide contracted services at a reduced cost for
yearly financial updates and component status reports (every
3 to 5 years)
- We strive to provide the best service at the best price.
- Reserve Pro will recalculate any Condo Corporation component
data obtained from another service provider and provide a simple
financial analysis. This second opinion may save the Corporation
many dollars or reveal the future requirement of a special assessment.
Should the Condo Corporation contract Reserve Pro for a comprehensive
report, the previous fees would be credited to the future contracted
fee.
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