Facilities Advisors Texas LLC is part of the Facilities Advisors Internationsal team that been preparing reserve studies since 1982, longer than any reserve study company in the country. We have the years of experience and broad skills that can't be matched by any other reserve study company. We have been preparing reserve studies in Texas since 2014. We have worked with condominium, homeowners, and timeshare associations in the Dallas area, and also in Houston, San Antonio and Austin.
We have prepared hundreds of reserve studies for all types of associations; condominiums, planned developments, timeshare associations, and cooperatives. Our reserve study reports are unique - they are designed to meet your statutory requirements and to serve as a budget for your maintenance plan.
Facilities Advisors is the only reserve study company that also offers access to our inernet-based reserve study software as part of our service. Others may provide you with an Excel workbook, but we actually provide you access to the same software that we use to prepare the reserve study. You can keep your component database updated in real time.
Greg Libke is the Facilities Advisors reserve professional for Texas. After earning a degree in Business Management, Greg has acquired the skills and knowledge to deliver comprehensive reserve studies to his clients. Greg has experience with planned developments and condominium associations in Texas.
But, Greg does not work in a vacuum. He is backed up, as are all of our representatives nationwide, by the full Facilities Advisors team:
- Gary Porter, FMP, RS, RSS, CPA - CEO of Facilities Advisors International
- Pierre del Rosario, RS, RSS
- Lynn Sallee, RS – General Contractor
- Jim Bragalone - Construction and construction materials supplier background
- Alex Fraser - Appraiser
- David McDermott - Architect
Gary Porter also served as CAI national president in 1998-99, and has been a member of CAI since 1979
Long term dedication to the industry is demonstrated simply by the fact that Gary Porter, CEO of Facilities Advisors International is the author of the 1987 book Reserve Study Manual. This was the first comprehensive book ever written on the topic of reserves, and it was written years (and in some cases, decades) before most of our competitors ever heard the term "reserve study." Mr. Porter is also the principal author of the soon to be published book Reserve Studies - The Complete Guide. Clocking in at 430 pages, this is clearly the most comprehensive analysis of the topic of reserve studies ever attempted.
Our Goals for your Reserve Study
Our primary goal is to make your reserve study something more than simply the fulfillment of a statutory obligation. We believe that the reserve study should be a functional tool used in the financial management of the association. This means that the reserve study needs to be realistic. Too often, we hear from new clients that they don't believe their prior reserve study was correct. We believe that the reserve study should be a reflection of the Association's actual maintenance plan. Therefore we will ask you questions about recently completed and planned future reserve expenditures. While none of us can accurately predict the future over the next 30 years, the association's facilities manager usually has very concrete short-term plans (over the next 1 to 3 years). We attempt to incorporate that plan into the reserve study, otherwise it serves little purpose.
Our secondary goal is to make sure that your reserve study complies with statutory requirements.
Reserve Study Services
The advantage of using Facilities Advisors to prepare your reserve study is that we can provide you with information that no one else can provide, such as a complete inventory by location, down to the level that we can show you every common area component in a specific room.
A Facilities Advisors reserve study provides you with a dynamic management tool. The Facilities 7 software is a true management tool, not a static "once every three years" paper-based report.
Levels of Service
Facilities Advisors offers three levels of reserve study services:
Level 1 - Full Reserve Study
We perform a complete site inspection, obtaining or verifying measurements and counts of common area components. This also includes a component condition assessment, and photo inventory of most components. We then compile the information obtained into our easy-to-understand reports.
Level 2 - Update of Reserve Study with Site Inspection
Once a full reserve study has been completed by Facilities AdvisorsInternational LLC, we will often perform updates with a site inspection. The level 2 site inspection is less comprehensive than a level 1 site inspection in that we do not obtain or verify measurements and counts unless it appears that there have been changes. We do perform the component condition assessment and update the photo inventory where necessary. We then compile the information obtained into our easy-to-understand report.
Level 3 - Update of Reserve Study Without Site Inspection
An annual update to the reserve study is simply good planning. This allows you to "refresh" the funding plan and account for minor variations from the original funding plan. We inquire about expenditures made, changes in pricing of replacement costs, and variations in funding from the original plan, but do not perform a site inspection. This is a valuable planning tool at a very reasonable cost, generally no more than 25% of the cost of a full study.
Visit our national office web site to see our full range of services and sample reports.