1. Comprehensive and easily understood
reports
  1. Includes:

    1. Pictures of Assets
    2. Graphs and charts
2. Customized Financial and Report Software

  1. Based on a package that has been used by the leading reserve fund providers.
  2. 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.
  3. 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.
  4. 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

  1. A Reserve Fund analyst requires a diversity of knowledge and skills

    1. New Construction: Code and Safety compliance, useful life of components
    2. Old Construction: Defect recognition, estimating remaining life spans of components
    3. Cost estimating: recommending the most economical methods and alternatives for repair and replacements
    4. Project management: Timely delivery and liaison among the stakeholders.
    5. 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.
  1. 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.
  2. Reserve Pro is a division of Professional Building Inspections, Ltd., where the resources are borrowed as required.
  3. 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.
  4. We work daily on wood framed and low rise commercial buildings. This is our comfort zone.
  5. 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

  1. Reserve Pro’s goal is to work with a Condo Association for years to come.

    1. We will provide contracted services at a reduced cost for yearly financial updates and component status reports (every 3 to 5 years)
    2. We strive to provide the best service at the best price.

  2. 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.