Reserve Studies for AssociationsReserve Studies for AssociationsReserve Management PlansReserve Management Plans

vs.vs.Paper Reserve StudiesPaper Reserve Studies

Facilities Advisors, Inc.The name you can count on

www.reservestudyusa.com

(877) 304-6700

Facilities Advisors, Inc. (FAI)Facilities Advisors, Inc. (FAI)

Working with associations to create complete, integrated, reserve management plans.

Your reserve study should be simply a byproduct of a well designed reserve management plan involving association management, outside maintenance service providers, and the reserve professional.

How is a reserve management plan How is a reserve management plan from FAI different from reserve from FAI different from reserve studies from other companies?studies from other companies?

In essence, the basic approach of a reserve management plan is different.

The reserve management plan doesn’t view the reserve study as the end product – rather, it is a management tool that is part of your facilities maintenance plan

Other reserve companies and their Other reserve companies and their traditional paper reserve studytraditional paper reserve study Give you the minimum you need to meet statutory or

budget reserve requirements (because that’s what you asked for, and that’s all they can provide)

Want to continue providing you with expensive periodic site “inspections” (because that’s how they make money)

FAI and the reserve management FAI and the reserve management plan approachplan approach

Helps you establish a dynamic reserve management plan (because that’s what you really should have)

Empowers you to manage your own affairs and rely less upon outside consultants

Helps you spend less money for better results over the long term

The traditional reserve study The traditional reserve study approach used by other companiesapproach used by other companies Relies on Excel type spreadsheet technology using

primitive “flat file” database formats Provides 1 Category and 1 Component level only Has no ability to create detailed information at

additional data levels No or limited location tracking Produce paper reports only – that are outdated even

before they are printed

The FAI and The FAI and Facilities 7Facilities 7 approach approach

Uses powerful internet-based software Facilities 7 dynamic software puts you in control 3 category and 2 component levels data structure allows

for complete analysis of your components Multiple data levels allow you to view summary data

only, or extremely detailed information Location tracking so you can “find” any component

with a “virtual walkthrough” of your site

You can’t manage what you can’t see!You can’t manage what you can’t see!

• Facilities 7 software gives you the power to work with summary (condensed) data when you want to, and with detailed information when you need to.

• Summary reports provide for better comprehension• Detailed information is necessary for proper

implementation of the reserve management plan• Only Facilities 7 software gives you both summary and

detailed information capability

Facilities Advisors, Inc. using Facilities Advisors, Inc. using Facilities 7Facilities 7 software, compiles software, compiles your association component your association component inventory on a location basis, so inventory on a location basis, so you can track components to you can track components to each location, and KNOW that each location, and KNOW that each component is accounted foreach component is accounted for

We compile your component inventory We compile your component inventory with the end goal in mind. We work with the end goal in mind. We work with you to:with you to:

Establish appropriate policies that put YOU in control of the reserve study

Identify locations using your terminology, not ours Describe categories, components, and assets using

your terminology Give you a dynamic system that you can keep updated

Building the funding planBuilding the funding plan

Facilities 7 software lets you construct a future funding plan

The benefits of a reserve study by The benefits of a reserve study by Facilities Advisors, Inc. using Facilities Advisors, Inc. using Facilities 7Facilities 7 software software

Thorough, detailed reserve study you can actually use as a management tool

Dynamic budgeting tool that you can update as expend funds for major repairs and replacements

Lower long-term maintenance costs from better maintenance scheduling and reduced costs for updated site inspections