Do it yourself reserve studies the diy reserve study kit. Typically these programs are catered towards the updates to the reserve studies in off years when associations are seeking only financial updates no site visit. Capital reserve analysts was founded in 2012 with a simple approach. Company background capital reserve analysts is a reserve study consulting company located in chandler arizona. Their substandard word was the catalyst for our diy reserve study. Oct, 2017 hoa managers will seek to understand, clarify, and update the reserve fund based on a wellprepared, extensive reserve study. The diy reserve study kit uses the best reserve study software around to develop professional reserve studies for associations of all types.
Management download lucid reserve study generate 30. Facilities advisors florida a reserve study company. If you said yes to any of these questions, this reserve study software is for you. Three key steps for creating your own reserve study. But if an association thinks they can come up with their own component list the least they should do is have an independent professional enter it into a software program and calculate the funding plans. Our reports include a custom 30year funding plan with a full funding objective, avoiding special assessments when possible. The reserve funding analyzer software for reserve studies the reserve study software that is the keystone for effective financial analysis for diy reserve studies. Sample hoa reserve study report sample hoa reserve study report brian mccaffery 20191212t00. Budgeting for major improvements the role of reserve studies. Each reserve study report includes multiple customizable funding plans. Hoa member services has established an affiliation with smartproperty, an industry leader who provides dynamic hoa reserve study tools that will give your association greater control of its finances and create a predictable future for your association. Reserve study free software free download reserve study free. Best hoa management software 2020 cloudsmallbusinessservice. With gladly, you get a beautiful hoa website, dues payment portal, and functional communication tools that make both residents and managers happy.
With this free reserve study software you will be able to calculate your current percent funded level. Free reserve study software reserve studies for hoas. Hoa tracking database software manage all your homeowners association hoa contacts, hoa hoa is a fullfeatured, object oriented framework, based investment property manager ipm is an easyto use, comprehensive property management lucid reserve study generate 30year hoa reserve study reports. The industry leader in reserve management solutions a modern, endtoend approach to reserve study software and a global network of reserve analysts for the hoa, strata and timeshare industries. With a 20 and 30year forecast and yearbyyear snapshots, you can confidently track your historical costs and plan for your future.
The lucid reserve study professional edition provides support for additional associations. While a reserve study can be compiled using software like microsoft excel, there is also specialized reserve study software in our software. Association reserves has 32 years of reserve study experience helping many properties budget responsibly and create reserve funding plans. Create your living capital reserve history today and throw away that budgeting crystal ball. Hoa member services has established an affiliation with smartproperty, an industry leader who provides dynamic hoa reserve study tools that will give your association greater control of its finances and. I know that my reply is a thread a few years old, but i have led the effort in our hoa to perform a reserve study ourselves. Compare features for each lucid reserve study edition.
Bitrix24 is successfully used as free home owner association management software. Reserve study software hoa condo mccaffery reserve. Your company has developed an excellent product for small hoas to meet their reserve study requirements. So, i developed an excel workbook to do a sanity check of our hoa reserve study. Reserve study requirements software template sample reserve study report. Feb 18, 2020 download our free reserve study templatesample what is a reserve study. Reserve study excel software free download reserve study excel. We are dedicated to excellent software and superior support. With this free reserve study software you will be able to calculate your currentread more read more. Mccaffery provides the best, most qualified hoa reserve study software available. If your hoa has had a reserve study completed, make sure you are utilizing it as a tool to plan for the future. If the hoa has structures or other more complex environments, then certainly a level 2 or level 3 reserve study is easily within most hoas ability. A reserve study is by nature a prediction of future events, based on assumptions and estimates of the preparer at the time of publication. Reserve study software software free download reserve study.
A reserve study is a study made of all the major capital systems in the. There arent a lot of free and open source hoa software solutions out there, but these are some that should suffice for a team thats ready to leave. The advantage of using facilities advisors florida, inc. In recent years as the reserve study industry has become more competitive many companies are going in a direction of providing diy reserve study software. Reserve study for condominiums and hoas reserve studies. Save time and money with our free reserve study software.
Our reserve studies are accurate, professional, easy to understand and include color photographs. At the heart of this community association management solution lies the portal. Do your own reserve study without the middle man today. However, if youre finding that your association has outgrown the mixandmatch free software its using, but paid hoa software is out of your price range, youve come to the right place. Only one other software product in the usa has reached this level of achievement. If you have questions about your hoas reserve funds, contact your community manager for assistance. Facilities 7 reserve study software has been certified by icbi to meet the exacting software requirements of the international capital budgeting institute. A reserve study is an important element for a successful homeowners association. Generically speaking, hoa management refers to the professional management of a homeowners association, but, its not nearly as simple as it initially sounds. Winreserve was designed by professional reserve analysts and cai reserve. For associations that are small in size with not a lot of common property, some of the doityourself software can be pretty good, too, and its not very expensive. I think every hoa, even small ones, should do annual diy reserve studies.
Use our reserve study software learn about the diy reserve. If you need to support multiple associations or need access to additional reports, you should examine the features of the lucid reserve study professional edition. Premium toll free support is the norm with reserve analyst and we genuinely want you to get the most out of your reserve study software application. Reserve study software software free download reserve study software top 4 download offers free software downloads for windows, mac, ios and android computers and mobile devices. Are you ready to become a part of the family of satisfied users. With the diverse number of tasks your team needs to complete, its hard to get by without. A lucid reserve study professional edition option is available, which supports multiple associations and provides a number of additional reports, including a percent funded report for the entire. The primary benefit to you of selecting facilities advisors international for your reserve study is that we are the only reserve study company to possess all three of the primary skillsets required in the reserve study process. National reserve study standards four funding principles. Association reserves reserve study services for hoa. Use our free reserve study software to create your own reserve study.
Free reserve study software software, best reserve study. The hoa tracking database is powerful database management system that is easy to use and includes true richtext document creation and printing. This tool is ideal for smaller hoas with minimal common area assets. You can then use this free reserve study software to compile your inspection and inventory data, analyze the replacement reserve balances over time and model the impact of varied annual reserve contributions. Facilities 7 is the premier reserve study software for common interest developments. Mar 20, 2020 the role of reserve studies budgeting for major improvements by keith loria 2011 april finance one of the trickiest things in planning a budget for your building or hoa is the surprise maintenance problem or structural crisis that comes out of nowhere and depletes your communitys bank account. Provide reserve studies that clients can understand and use. Using the reserve funding analyzer rfa, the creation of your reserve study. As i started googling what is a reserve study, hoa reserve study, small condo association reserve study. Create an updatable reserves plan quickly for hundreds less this hoa reserve study excel spreadsheet template has all formulas set, so all you have to do is plug in your numbers to plan.
It is an essential tool for managing our hoa and i think every hoa, even small ones, should do annual diy reserve. Do you want to check the numbers provided to you by your management. Association reserves reserve study services for hoa, condos. Reserve analysts have connections with professional contractors that helps develop reliable cost data. While most community association covenants require a reserve fund, many association leaders can be overwhelmed by what a reserve study entails. We have reserve study forms for condohoa properties and senior living facilities. Lucid reserve study professional provides support for multiple associations.
This report expires on the date indicated and should be. Do you want to experiment with different numbers in order to see if you can. Using the reserve funding analyzer rfa, the creation of your reserve study is broken down into three key steps or phases. Smartproperty helps improve the accuracy of your budget so you dont run out of money. Bookkeeping and accounting features for the growing hoa organization. This is the place where home or condo owners can discuss important issues, vote on various initiatives, participate in group chat or form user interest groups. Your company has developed an excellent product for small hoas to meet their reserve study. We had one performed by a local agency and they did a dreadful job.
Community and property managers, homeowners association, timeshare management. The diy reserve study kit uses the best reserve study software around to. Best hoa management software homeowners association management hoa management software is an umbrella term that covers a broad range of services. This is much easier pill to swallow than the special assessment the reserve study. We also have a property assessment questionnaire form.
Reserve studies for condominiums flagstaff, reserve study. Reserve study software hoa condo mccaffery reserve consulting. Download our free reserve study templatesample what is a reserve study. Are you responsible for creating the reserve study for your. Do you want to experiment with different numbers in order to see if you can reduce your monthly homeowner association fees. Reserve studies for hoas we are an arizona reserve study. The diy reserve study kit provides associations the ability to create costeffective, professionalquality reserve study reports and offers a lowcost alternative to the professional reserve study. If your hoa has not had a reserve study conducted yet, get started on it now. Do you want to check the numbers provided to you by your management company. Reserve study excel software free download reserve study. We are confident that the kits pricepoint and easytounderstand instructions will make reserve studies accessible to associations across the us. The original pra property reserve analysis system was the first available reserve study software initially designed in 1989 to support individuals, hoa poas and timesharevacation ownership to prepare reserve management plansstudies to assure that reserve funds would be available when needed for the longterm maintenance, refurbishment or replacement of reserve items.
Use the educational information found in our free instruction booklet to build your. The hoa tracking database is powerful database management system that is. A modern, endtoend approach to reserve study software and a global network of reserve analysts for the hoa, strata and timeshare industries. Generically speaking, hoa management refers to the professional management of a homeowners. The lucid reserve study standard edition is designed to be used by one user for a single homeowners association.
Reserve study software software free download reserve. Reserve studies for hoas capital reserve analysts reserve. Typically these programs are catered towards the updates to the reserve. Oct 05, 2014 create an updatable reserves plan quickly for hundreds less this hoa reserve study excel spreadsheet template has all formulas set, so all you have to do is plug in your numbers to plan the next 10 or 30 years of income, expenses, and reserves for your condo association.
Winreserve was designed by professional reserve analysts and cai reserve specialists with over 30 years combined experience. Click to select a proposal request form to fit your needs. Capital reserve planning made easy with smartproperty hoa. The account information view of reserve analyst is where you enter information about your reserve study project. It is an essential tool for managing our hoa and i think every hoa, even small ones, should do annual diy reserve studies. Reserve study, capital replacement planning zumbrunnen. Winreserve tm is a revolutionary microsoft windows based application developed specifically for the analysis of homeowner association reserve funds. With offices all over the us, request a proposal today. Up to nine 9 associations may be tracked, with upgrade options to support more associations as needed. Poor communication and misinformation are usually to blame. My analysis is that our hoa needs to increase dues about 7% per year for about 6 years to get us to a better position to cover our repaving of the road.
Use our reserve study software learn about the diy. Reserve study software the intelligent approach to reserve. As i started googling what is a reserve study, hoa reserve study, small condo association reserve study requirements, etc, i started thinking this was going to be a little bit more expensive than i had hoped. The hoa database system will eliminate the need for. Reserve analyst is continually being updated and upgraded with new features and benefits added all the time. Mccaffery reserve consulting has performed over 5,000 reserve studies for condominiums, hoas and more. This study also provides replacement cost projections based on a 20 to 30year trajectory. Are you responsible for creating the reserve study for your homeowners association. What should it include, and how often should it be done.
1568 422 147 917 939 310 779 457 413 1154 1510 1267 144 663 1565 370 414 1509 1613 1183 161 244 861 1205 721 380 1534 289 279 78 222 160 1351 1219 90 505 616 923 943 1339 560 155 992