Texas Reserve Studies
Facilities Advisors International has been preparing reserve studies since 1982. We are heavily involved in the reserve study profession:
- We wrote the book on reserve studies - "Reserve Studies - The Complete Guide" available at HOApulse.com and Amazon.com
- We wrote the standards for reserve studies - authors of "Generally Accepted Reserve Study Standards" published by the International Capital Budgeting Institute
We have worked with condominium, homeowners, and timeshare associations in many areas of Texas. Join the Texas associations that have already engaged Facilities Advisors to conduct a reserve study. Benefits of selecting Facilities Advisors, Inc. for your reserve study:
- Competitive fees
- Easy-to-read reports
- Internet-based software available to our clients
Competitive fees - We use technology to make our services more efficient, and, as a result, are able to provide competitive fees. We are the only reserve study company to have automated the reserve study workflow process to electronically capture component data on site and translate that information into a reserve study report. This translates into time savings and the ability to keep fees competitive.
We know how to "scope" the reserve study to create the best level of component detail for your association - the level at which money is expended by the association, as that is the ONLY way the reserve study can ever be correlated to your association financial statements. This allows your reserve study to be used as a management tool rather than just a long term budget that gets updated once every three years. We ask you questions and help tailor the reserve study to your unique association. Our internet-based software contains a multi-dimensional database structure (hidden in the background) with three category levels plus major and minor components. This gives us the ability to provide data at the correct level, and still be able to "roll up" the data into concise reports that are easy to understand.
Responsiveness - We are responsive to your needs. If you request changes to your report, we will make them.
Easy-to-read reports - We prepare easy-to-understand summary level reports that are in accordance with the International Capital Budgeting Institute (ICBI) standards. These are supported by supplemental reports at a detail component level for managment's internal use. The summary level reports disclose your current status and the 30-year plan to provide funding for your future expenditures. We also provide any statutory and regulatory disclosures. We give you the information you need to (1) prepare your budget, and (2) communicate summary in formation to your board of directors and members.
Internet-based software - We provide you access to our internet-based software used to prepare your reserve study. This allows you to keep your reserve plan up-to-date, and save money in the future by (1) proactively planning reserve projects, and (2) minimizing future reserve study costs based on your update of component information.
Call us today for a free proposal. (214) 810-4941.
You win with our unique approach to reserve studies; competitive fees, easy-to-read reports, a component structure tailored to YOUR association, and access to our internet-based software. This is not just an Excel workbook, we give you access to the same software we use to perform your reserve study - the most powerful software in the industry, which has been independently tested for accuracy of calculations. We work WITH our clients to help you achieve the best outcome.Timeshare associations