Whether your association board works with a professional manager or self-manages the association, it’s likely that the board will still need the services of other professionals like a Reserve specialist. The Reserve Specialist provide unique skills, should partner with the board, and will provide invaluable resources to your association.
Working With Professional Partners: The Reserve Specialist
Reserve Specialists prepare studies that provide boards with guidance on how to keep the association’s physical assets from deteriorating faster than its financial assets increase.
What to Expect From Your Association’s Reserve Specialist
The study will include:
- an inventory of items that need to be replaced,
- an estimate of the useful remaining life of these items,
- an estimate of the cost to replace them,
- and a plan for funding the replacement.
This requires specialized knowledge of a wide range of interrelated areas. An expertise that can be obtained only from a certified Reserve Specialist. It is important to obtain reserve studies on a timely basis in order to implement long-range planning and to target vulnerabilities early.
“Our mission is to help your community not only succeed but to achieve success with our expert guidance and experience. If you can’t find what you need, call us and we’ll be happy to help you.
Utilizing a trained and qualified Reserve Specialist will aid in the smooth operation of your community. Join the Acri Newsletter service and learn more about how Acri can assist you with professional partners. Acri knows who to use and when to deploy qualified service providers in a timely yet economically feasible manner.