the reserve study proposal - function and purpose
TRANSCRIPT
Pro
pri
etar
y an
d C
on
fid
enti
al
3650 Concorde Parkway – Suite 100, Chantilly, VA 20151 www.usicommercial.com
The Reserve Study Proposal
Function and Purpose
Pro
pri
etar
y an
d C
on
fid
enti
al
2
Pro
pri
etar
y an
d C
on
fid
enti
al
Agenda
• Introductions and participation guidelines
• Presentation objectives and discussion
• Moderator – Martin Smith, Director of Training
• Expert – David Rothbart, Director of Reserve Study Operations
3
Pro
pri
etar
y an
d C
on
fid
enti
al
Bio – David Rothbart, RS
• David Rothbart, RS
Director of Reserve Study Operations
CAI Certified Reserve Specialist
NSEC Certified Environmental Consultant
Nevada Licensed Reserve Specialist
Tremendous experience planning and completing studies
4
Pro
pri
etar
y an
d C
on
fid
enti
al
5
Pro
pri
etar
y an
d C
on
fid
enti
al
The Reserve Study
A Reserve Study includes two main sections:
•Physical Analysis of the Property
•Financial Analysis
6
Pro
pri
etar
y an
d C
on
fid
enti
al
Importance of the Proposal
• Sets the Parameters of the Study
• What Components are in the Study
• What Components are not in the Study
• Defines the Financial Analysis
7
Pro
pri
etar
y an
d C
on
fid
enti
al
Proposal Details
•Study Performed to CAI National Standards
•Assures you of a quality financial guide
8
Pro
pri
etar
y an
d C
on
fid
enti
al
Property Description
• The Community Location
• What the Community Consists of
• Buildings – Roadways – Amenities, etc.
• When was the Property Built
9
Pro
pri
etar
y an
d C
on
fid
enti
al
Items Included in the Study
•All Common Components and Elements
- For which reserves are to be accumulated
10
Pro
pri
etar
y an
d C
on
fid
enti
al
Scope of Services
• Review of Site and Building Plans
• Review of Component Maintenance Plans
• Review of Existing Reserve Financials
• Review of Existing Reserve Fund Study
• Compile and Inventory Components
11
Pro
pri
etar
y an
d C
on
fid
enti
al
Scope of Services
• Conduct an On-Site Visual Survey
• Provide Estimate of Component Life
• Include Photographs of Areas and Systems
• Provide Replacement Cost Estimates
• Provide Financial Schedule
12
Pro
pri
etar
y an
d C
on
fid
enti
al
Study time Period
• 30 Year Time Frame for Study
Unless otherwise specified by client
• Reserve Study Updates Every 3-5 Years
13
Pro
pri
etar
y an
d C
on
fid
enti
al
Client Review and Revisions
• Collaborative Approach
• Interactive Relationship with Clients
• Comprehensive On-Site Evaluation
• Review of Study
• Revisions Within 60 Days if Necessary
14
Pro
pri
etar
y an
d C
on
fid
enti
al
Interest and Inflation Calculations
• Factors for Inflation and Interest
15
Pro
pri
etar
y an
d C
on
fid
enti
al
Additional Testing and Specialty Inspections
• Conditions May Warrant Additional Inspections
• Commercial Assessments is a Full Service Inspection Firm
16
Pro
pri
etar
y an
d C
on
fid
enti
al
Study Exclusions
• Evaluation of Hazardous Materials
• Mold – Radon – Asbestos – Lead Paint
17
Pro
pri
etar
y an
d C
on
fid
enti
al
Study Exclusions
• Specialty Items
Pest inspection – Septic systems – Wells – Water treatment systems – Underground fuel tanks
18
Pro
pri
etar
y an
d C
on
fid
enti
al
Study Exclusions
• Code Compliance
19
Pro
pri
etar
y an
d C
on
fid
enti
al
Client Interview
• Integral part of Reserve Study Process
• Determines reserve components/amenities
• Helps us to produce a Financial and component accurate report
20
Pro
pri
etar
y an
d C
on
fid
enti
al
Let us help you
• By reviewing your reserve study needs
• By providing a proposal • www.usicommercial.com/reserve-study
• By providing presentations
21
Pro
pri
etar
y an
d C
on
fid
enti
al
Contact Info for Your Reserve Study Needs
888.225.3755
22