California Reserve Studies
Gary Porter RS, CPA, FMP, RRC, RSS
Gary has provided financial services to condominium and homeowners associations since 1976. He has authored five books and more than 400 articles on association financial matters and has made dozens of presentations to industry groups.
Facilities Advisors serves all of California from our office in Simi Valley, California. We have served California since 1982. When you need a reserve study fast, and need it at a competitive fee, contact us at Facilities Advisors International (877) 304-6700 or (805) 658-8007.
1) We wrote the book on reserve studies - "Reserve Studies - The Complete Guide"
2) We wrote the standards on reserve studies - ICBI's Generally Accepted Reserve Study Standards - Facilities Advisors president Gary Porter is also president of the International Capital Budgeting Institute (ICBI)
We have prepared hundreds of reserve studies for all types of associations; condominiums, planned developments, timeshare associations, and cooperatives. Our reserve study reports are unique - they are designed to meet your statutory requirements, to serve as a financial budget for your maintenance plan, and the reports and disclosures are designed to save you time. You save time in budget preparation because we prepare the reserve disclosures for you.
Facilities Advisors offers excellent services at competitive, fixed fees. Our fixed fees are inclusive of a one year software license of the Facilities 7 reserve study software, and we never charge extra for travel.
Benefits of selecting Facilities Advisors International for your reserve study:
- Easy-to-read reports
- Competitive fees
- Internet-based software available to our clients
Our extensive experience and dedication to using technology to make our services more efficient translates into time savings and the ability to keep fees competitive. We are the only reserve study company to have developed software to electronically capture component data on site, which reduces the amount of time necessary to gather component data and translate that information into a reserve study report.
"Scoping" the reserve study is perhaps the most important decision in the process, as it determines at what level of detail the reserve study should be prepared. Our skill at working with you to get the correct level of component detail for your association allows us to quickly compile the component list, reduces subsequent changes in reports, and results in a report tailored for your unique association. Our internet-based software, with a multi-dimensional database structure (hidden in the background) and capabilities for three category levels plus major and minor components, gives us the ability to provide data at the correct level, and still be able to "roll up" the data into concise reports.
We are responsive to your needs. If you request changes to your report, we will make them. We respect that it is your report and shoudl reflect your long term maintenance plan.
Our approach to reporting is unique in the industry. Concise reports that present your current position and how your 30-year funding plan provides for your future expenditures. We also provide any statutory and regulatory disclosures. We give you the information you need to (1) prepare your budget, and (2) communicate summary information to your board of directors and members.
Once the report is issued, we provide you with access to (and training on) the same internet-based software we use to prepare your reserve study. This allows you to keep your reserve plan up-to-date, and save money in the future by (1) proactively planning reserve projects, and (2) minimizing future reserve study costs based on your update of component information.
Call us today for a free proposal
(850) 658-8007 or (877) 304-6700
You win with our unique approach to reserve studies; competitive fees, easy-to-read reports, a component structure tailored to YOUR association, and access to our internet-based software - the most powerful software in the industry, which has been tested by an independent CPA firm for accuracy of calculations. We work WITH our clients to help you achieve the best outcome.