Don't Use Members to Perform Reserve Study to Save Money

Don't Use Members to Perform Reserve Study to Save Money



Some associations have tried to perform a reserve study using their members to save money. Not only may the members lack the engineering experience to accurately evaluate the property, but their judgment may not be objective. They may be reluctant to apply accurate assessments of the costs that must be set aside to perform long-term repairs, because members “know where they live.”

Full Article Access:

Full access to articles from Community Association Management Insider is for subscribers only.

Not yet ready to subscribe?

Topics