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| Reverse Study Inspection Report "LMP" |
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Our Reserve Study / Live Managment Program is based on the age of the building and industry standards of expected useful lives of the common components. The reserve study is a tool by which the board of directors and/or management company can formulate financial and maintenance decisions to keep the various building components in good working order and well maintained, thereby protecting the value of the property. Also, built into the reserve study is the current reserve deficiency amortized over the years to bring the fund to the fully-funded status along with our "Live" online program clients login to keep all records and data and is just a click away. Also included in the Asset Management Program documents are an essential history keeping tool helping to serve as record maintenance database of events, repairs, replacements, as well as online Live detection of moisture related issues. Using the logs to have a centralized history of the common area will give future boards of directors continued management of the property with efficiency and ease. The Asset Management Plan (Reserve Study/Live Management) serves to enable the association to fulfill its duties of protecting, maintaining and enhancing the communities investment value by offering industry standard projections of expected costs with realtime data. All major componets are entered into our live database and constantly check for recalls on componets, life spans and more. Notication are simply sent to managements cell phones as a text - along with email to all board members. By combining the historical information and fiscal of expected useful life projections of the common elements, the association can ensure financial viability. Is your invest properly protected? Call us today to learn more about our Live Management Program designed for commercial properties. We also offer a similar program for homeowners also!! |
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