The Reserve Study Proposal - Function and Purpose

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3650 Concorde Parkway – Suite 100, Chantilly, VA 20151 www.usicommercial.com

The Reserve Study Proposal

Function and Purpose

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Agenda

• Introductions and participation guidelines

• Presentation objectives and discussion

• Moderator – Martin Smith, Director of Training

• Expert – David Rothbart, Director of Reserve Study Operations

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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

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The Reserve Study

A Reserve Study includes two main sections:

•Physical Analysis of the Property

•Financial Analysis

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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

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Proposal Details

•Study Performed to CAI National Standards

•Assures you of a quality financial guide

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Property Description

• The Community Location

• What the Community Consists of

• Buildings – Roadways – Amenities, etc.

• When was the Property Built

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Items Included in the Study

•All Common Components and Elements

- For which reserves are to be accumulated

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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

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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

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Study time Period

• 30 Year Time Frame for Study

Unless otherwise specified by client

• Reserve Study Updates Every 3-5 Years

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Client Review and Revisions

• Collaborative Approach

• Interactive Relationship with Clients

• Comprehensive On-Site Evaluation

• Review of Study

• Revisions Within 60 Days if Necessary

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Interest and Inflation Calculations

• Factors for Inflation and Interest

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Additional Testing and Specialty Inspections

• Conditions May Warrant Additional Inspections

• Commercial Assessments is a Full Service Inspection Firm

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Study Exclusions

• Evaluation of Hazardous Materials

• Mold – Radon – Asbestos – Lead Paint

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Study Exclusions

• Specialty Items

Pest inspection – Septic systems – Wells – Water treatment systems – Underground fuel tanks

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Study Exclusions

• Code Compliance

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Client Interview

• Integral part of Reserve Study Process

• Determines reserve components/amenities

• Helps us to produce a Financial and component accurate report

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Let us help you

• By reviewing your reserve study needs

• By providing a proposal • www.usicommercial.com/reserve-study

• By providing presentations

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Contact Info for Your Reserve Study Needs

[email protected]

888.225.3755

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