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Agenda
• Introductions and participation guidelines 5 minutes
• Presentation objectives and discussion 35 minutes
• Audience participation and Q&A 10 minutes
• Moderator – Martin Smith, Director ofTraining
• 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
State ofVirginia Certified Inspector
Nevada Licensed Reserve Specialist
Tremendous experience planning and completing studies
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About USI Commercial
• 25 years of service
• National coverage
• Industry leading technology
• Local employee service delivery
• Skilled local employee Reserve Study Specialists
• Centralized and standardized reporting
• Professional engineering
• Other services
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Objectives
• When is it time for the association to update a Reserve Study
• How do the component and financial status dictate the need for update
• What is the best type of study needed to satisfy association needs
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Considering the Reserve Study Update
• Decision to Update
• Establish the purpose and benefit
• Review Proposals
• Commit to Update
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Component and Financial Condition of the Association
• Condition of Components within the community change
• Condition of the Financials change
• Consider the quality of the previous study performed
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Level of Service by the Reserve Analyst
• Site visits and packaged study comply with CAI Standards
• Duration in years between studies
• Specific component and financial status changes
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KeepingYour Reserve Study Current
• Funding Studies are an essential part of property management
• Useful life of a Reserve Study is no more than 5 years
• Circumstances can and will influence when a study should be
updated
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What Level Reserve Study to Order
• Level l contained high quality data
• Level ll study if Level l performed within (5) years
• Level lll study performed for minor component or financial changes
• Level lll study performed only if USI performed Level l
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Previously Reported Long Lived Items
• Long lived items have a useful life that will exceed the time period of study
• Examples include concrete walkways, masonry retaining walls
• Accurate data should be presented to the Reserve Analyst
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Changes in the Community Condition
• Component age and financial status warrant Reserve Study updates
• Changes in component repair or replacement costs
• Changes in the association board personnel
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Changes in the Community Financial Condition
• FinancialCondition changes
• Reserve Studies reflect conditions at the time of the study
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Changing the Funding Method
USI Commercial uses the Full Funding or Component Funded Method in our
Reserve Study Reports.
• More flexibility and latitude to help with financial management
• Full Funding is viewed as the most conservative approach
• Changing the Funding Method is not recommended
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Conclusion
As you can see, the decision to update a Reserve Study is
dependent on the component life valuation along with escalating or
decreasing costs of repair or replacement, and changes in the
financial status of the community association.
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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
On behalf of USI Commercial we’d like to welcome you to our presentation…It’s all about the financials. We’ll wait just a few more minutes for late arrivals. We know your time is valuable and we thank you for your patience. The webinar will start shortly.
It looks like we have the majority of people logged in so I think we can get started.
Before we go any further, I just want to make sure everyone can hear me. If you can hear me, please click on the raise hand button on your control panel. Those that can’t hear me…well hopefully they’re reading this slide. I’ll wait a few seconds to give everyone a chance to respond.
[NOTE: Moderator – check to make sure raise hand feature is on]
David is our Director of Reserve Study Operations and he’s completed over 5,000 inspections and 130 Reserve Studies throughout his 14 years in the industry so a lot of experience there. Now, in addition to the list of certifications shown here, David is also Certified by the national radon proficiency program as a Radon measurement technician, and also a WDO Inspector.
Now, before I hand over to David, I just wanted to cover a few more things…
About the webinar control panel.
You can hide the control panel by clicking on that orange arrow at the top left. Clicking on that orange arrow again will restore the control panel.
Everyone is placed on mute by default. This eliminates possible background noises from occurring.
Use the Questions Pane at the bottom of your control panel to send us your questions. Simply type in your question and click Send. As mentioned earlier, we will do a Q & A session at the end and answer as many questions as we have time for. If we aren’t able to answer your question live today, we will follow up with you via email.
Are there any questions at this time? (PAUSE) Okay, let´s get started...
For those of you who are not familiar with USI Commercial, we have over 25 years of service and expertise with national coverage and industry leading technology. National coverage assures local employee service delivery by skilled reserve study specialists
We have centralized and standardized reporting plus professional engineers on staff to assure well executed reserve study results.
USI Commercial offers many other inspection services providing flexibility to meet other association property needs, like Construction monitoring and Property condition inspections just to name a couple.
With that, I will turn it over to David…
Our account executives or local reserve study specialists would be happy to visit you and review your reserve study needs.
It’s easy to request a proposal, and you can do it online. www.usicommercial.com/reserve-study takes you to a simple online form where you can request a quote.
Also, our account executives will be happy to provide a presentation on reserve studies to your managers or via webinars to your board members.
Thanks David. Let’s open this up for questions.
OK, well that’s a wrap, on behalf of USI Commercial, and our presenter David Rothbart, my name is Martin Smith and we’d like to thank you again for your interest and participation in our webinar today on It’s all about the financials. We have more webinars planned and we’ll send out announcements by email so watch out for those…we’ll also post these on our website. We hope you’ll consider USI Commercial for you future reserve study needs, and we hope you’ll join us again. Thank you, and enjoy the rest of your day.
