Oregon Reserve Studies
Facilities Advisors International has been preparing reserve studies since 1982. We have worked with condominium and homeowners associations in the Portland area.
1) We wrote the book on reserve studies - "Reserve Studies - The Complete Guide"
2) We wrote the standards on reserve studies - ICBI's Generally Accepted Reserve Study Standards - Facilities Advisors president Gary Porter is also president of the International Capital Budgeting Institute (ICBI)
3) We use certified software guaranteed for accuracy - Our Facilities 7 internet-based software has been certified by ICBI and tested by an independent CPA firm
You should turn to an experienced industry professional reserve study team for your association. We have prepared numerous reserve studies for all types of associations; condominiums, planned developments, timeshare associations, and cooperatives. We can usually have an experienced, credentialed reserve consultant on site within two weeks, and the report delivered to your shortly after the site visit is completed. Join the many Oregon associations that have already engaged Facilities Advisors to conduct a reserve study.
We offer fixed fee engagements at competitive rates; there are no charges for travel time or expenses, or any other additional costs. Plus, you will have access to our web-based software at no cost for a full year, so you can update your reserve study annually, or engage Facilities Advisors to update the study at a reduced cost.
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 are able to provide competitive fees because of our extensive experience and dedication to using technology to make our services more efficient. This translates into time savings and the ability to keep fees competitive. We "scope" the reserve study ito the best level of component detail for your reserve study - 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. We ask you questions and help tailor the reserve study to your unique association. Our internet-based software, with a multi-dimensional database structure (hidden in the background) and capabilities for three category levels plus major and minor components, gives us the ability to provide data at the correct level, and still be able to "roll up" the data into concise reports.
Responsiveness - We are responsive to your needs. If you request changes to your report, we will make them.
Easy-to-read reports - Our reports are unique - prepared at a summary level for external reporting, supported by supplemental schedules prepared at a detail component level for management's internal use. We tell you where you're at now, and give you a 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 we 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. (877) 304-6700.
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 tested by an independent CPA firm for accuracy of calculations. We work WITH our clients to help you achieve the best outcome.