Association Reserves has been conducting Reserve Studies in New Mexico over 30 years. Our clients range from large master planned communities & downtown high-rises to small townhome & apartment-style condominium associations. In order to meet the growing needs of our New Mexico Reserve Study clients, the New Mexico (NM) office was established in 2023. Our goal in preparing Reserve Studies is to provide our expertise to help you make informed and responsible decisions regarding reserve funding. We appreciate the opportunity to help clients of any property types plan for the future so that they have adequate Reserves when required, that they have budget stability, that they fairly distribute contributions and that they are making fiscally responsible decisions.
We offer a range of services to meet every budget and need. We focus on high quality and to exceed expectations with each Reserve Study and professional service.
| Level of Service | Site Visit | Measurements | Component List | Condition Assessment | Photographs | Price |
|---|---|---|---|---|---|---|
| Reserve Study- Full | Yes | Yes | Created from Scratch | Yes | Yes | $$$ |
| Reserve Study Update- With Site Visit | Yes | No | Updated from Prior Report | Yes | Yes | $$ |
| Reserve Study Update- No Site Visit | No | No | Updated from Prior Report | Yes | No | $ |
| Do-it-Yourself Reserve Study Kit | No | No | Provided by Client | No | No | $499 |
Governments buildings & facilities at the federal, state, county and city levels as well as commercial or mixed use developments
Day camps, overnight camps, retreat centers, and properties owned and maintained by any charitable organization
Club or organization that owns and maintains property as well as private or public recreation centers
Chip Munday joined Association Reserves in November 2023 and is serving as the president of Association Reserves – New Mexico. Chip has achieved every credential available to professional community managers, including the Large-Scale Manager credential of the Community Associations Institute, held by less than 80 managers world-wide. He has served the Community Associations Institute on several committees and is a regular presenter of educational programs around the country, particularly on emergency preparedness and recovery. Chip has always placed high importance on the value of quality reserve studies and the integral role they play in the current and future financial planning for organizations. After serving and managing communities as small as 17 and as large as 6600 units, he brings a unique perspective on the application of quality reserve studies as an essential tool for financial planning.
A registered professional engineer, Robert has been involved in the Community Association industry since 1982. Robert founded Association Reserves, Inc. in 1986 and has pioneered many widely used reserve funding concepts. For his expertise, he earned the Community Association Institute’s (CAI) Reserve Specialist (RS) designation and has the distinction of being RS #5. Robert was involved in creating the 1998 National Reserve Study Standards and has greatly influenced the Reserve Study industry. He is a past Chairman of CAI’s Reserve Professionals Committee, past Chairman of the Association of Professional Reserve Analysts, and past President of the Community Association’s Institute (CAI) Greater Los Angeles Chapter. Robert regularly writes on the topic of Reserve Studies and is a frequent speaker in industry-sponsored seminars and presentations throughout the United States. He is often called to serve as an expert witness in litigation involving reserve issues.
CAI Educated Business Partner
David Whann, MBA, RS, EBP joined the Association Reserves – FL team in 2016, and now represents Association Reserves as the Director of Operations. A lifelong Florida resident, David obtained both his Bachelor’s Degree in Accounting and Master’s Degree in Business Administration from the University of South Florida. He has prepared Reserve Studies for a wide range of property types, from luxury high-rise properties to sprawling single-family home communities. David earned the Community Associations Institute (CAI) designation of Reserve Specialist (RS #369). David’s other responsibilities include the development of internal tools and systems to ensure our studies are accurate, comprehensive, and consistent with the latest industry trends and knowledge.
Paige joined Association Reserves in 2012 after graduating from California Lutheran University with a Masters degree in Business Administration. A native of Colorado, she obtained a BS in Business Marketing from the University of Northern Colorado. Her undergraduate education also included a semester at Griffith University in Queensland, Australia. Paige worked in numerous advertising and marketing capacities while attending college. In her role at Association Reserves, Paige serves as the “face” of Association Reserves, promoting our company image and expertise in markets where Reserve Study services are needed and utilized. Her experience with trade show operations, her knowledge of business, and her marketing passion and creativity makes her an excellent addition to our team and an asset to our clients.
CAI Educated Business Partner
