If you are like most Americans, buying a home is the investment of a lifetime. To help protect this substantial commitment, your community association should have the expert guidance it needs to operate and manage its assets effectively. A Reserve Specialist (RS) can help make sure your association is planning for future financial needs while meeting your current financial obligations.
How can a RS designee help my association?
A Reserve Specialist can help ensure that your community association prepares its reserve budget as accurately as possible. By preparing a reserve study for your association, a Reserve Specialist will help your association maintain its long-term financial health by providing:
The RS designee is required to perform reserve studies based on a strict set of standards developed by the Community Association Institute. CAI’s National Reserve Study Standards provide a detailed list of functions that must be included in each type of study being performed:
A RS-designee has a wealth of experience in the diverse aspects of component analysis and financial planning for community associations. A Reserve Specialist successfully meets the designation’s comprehensive requirements, including:
A Reserve Specialist commits to uphold the highest ethical standards. He or she must abide by the strict rules of conduct outlined by CAI’s Professional Reserve Specialist Code of Ethics, which states the designee shall: