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Make your Association 35% Better!

We all know that scarcity causes conflict and stress. Scarcity of Reserves causes deferred maintenance and special assessments, drags down property values, and causes other related problems. How can an association avoid these problems and emerge with sufficient funds to maintain the community, maximizing property values and pride of ownership?

Is a Reserve Study Required Annually in California?

California Civil Code 5550 requires a Reserve Study based on a “diligent visual site inspection” at least every third year, but requires the Board review that Reserve Study annually and “consider and implement necessary adjustments”. That’s called an annual Reserve Study update.

EQ Retrofitting in Los Angeles, 2017

Homeowners and Association Managers need to be aware that the City of Los Angeles has passed Ordinances 183893 and 184081, city laws that require the earthquake retrofitting of buildings that fall below current safety standards.

Don’t Confuse Trivia with Significance

Within a Reserve Study, the Reserve Component List contains life and cost estimates for the major assets the association is obligated to maintain, thus establishing the scope and schedule of Reserve projects.

Do you Reserve for Insurance Deductibles?

At the end of my presentation yesterday, someone asked the above question. And if one person asks it, I figure others are probably looking for an answer.

DIY Reserve Study Services: Announcing the Launch of DIYReserveStudy.com

Finally… The DIY Reserve Study Website is Here