Facilities 7

Address
1891 Goodyear Avenue, Suite 614, Ventura, California, 93003
Telephone
877-304-6700
Fax
805-715-0586
E-mail
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Facilities Advisors Inc. is your preferred provider for Reserve Study Services.

We create the unique combination of experienced construction knowledge, financial projection and reporting expertise, and the most powerful reserve study software in the industry.

Facilities Advisors, Inc. is proud to be a Platinum Sponsor of HOA Pulse, the leading source of information about the community association industry.

Providing reserve study services nationwide

Offices:

Arizona (480) 478-0511
California (805) 658-8007
Florida (877) 304-6700
Utah (801) 839-4371

The Reserve Professionals at Facilities Advisors, inc. have more than 20 years experience preparing reserve studies for condominium associations, homeowners associations, timeshare associations, country clubs, and many other types of organizations.  Gary Porter, Company President, is a Reserve Specialist (RS), a Professional Reserve Analyst (PRA), and is also designated as a Reserve Study Specialist (RSS) by the State of Nevada.

Your association is charged with the responsibility to maintain certain facilities. Many of these are infrastructure facilities that don't have any counterpart in the private sector. In addition, you operate and maintain buildings, rolling stock, recreation, and other equipment.

We can assist you in many ways.  Our philosophy is that the entire maintenance management process includes far more that a static, once every few years, paper reserve study.  We empower YOU to take control of your reserve study.  First, we help guide you to create a realistic reserve study policy for YOUR association.  Second, our powerful Facilities 7 software is a sophisticated tool that actually allows you to manage the maintenance process for your common area components.  Our reserve study software is unmatched in its ability to provide component data at the most granular level, yet still have meaningful summarized reports that can be understood at a single glance.  The unique data structure of Facilities 7 software allows a scalability that makes this possible.  Third, because of the power of our software and its multi-tiered location fields, you can take a "virtual tour" of your entire association, facility by facility, or even room by room, to make sure that ALL components have been included in the study.  Fourth, only Facilities 7 software can integrate your major repairs and replacements (reserve budget) with your ongoing maintenance activities (operating budget).

Associations have the rather difficult task of being required to charge user assessments that do not exceed costs (no profits), yet include complete cost recovery (no losses). While most associations do an excellent job of analyzing current costs, most do a less accurate assessment of their long-term system replacement costs. That's where we come in. We have performed hundreds of Reserve Studies since performing our first one in 1982. The goal is to produce an accurate financial projection that considers all factors affecting the ultimate long-term repair or replacement of fixed assets; those items generally not subject to the annual operating budget. They are the subject of a reserve study.

Three important reasons for why Facilities Advisors inc. should be your first choice for Reserve Studies:

1. Competitive Reserve Study Fees

Our reserve study fees are competitive at every level. We are prepared to provide any level of service you request, including a full site inspection with digital photographs.

2. Useful and understandable reserve study report.

We provide a one or two-page executive summary of each major part of the reserve study report, followed by the details. The summary allows you to grasp the major contents of the report at a single glance, with the details as back-up information.

a. We provide a summary that allows you to meet the reserve study disclosure requirements of the State Civil Code for member disclosures. (See attached example)
b. Our Site Observations Comments section of the report will discuss observations and noted deficiencies in your maintenance programs or areas that require further attention.

Please see Additional Services and Information, attached.
c. We include the necessary reserve study disclosures required by the American Institute of CPAs for you to provide to your auditor.

3. Reserve Study experience and knowledge

We have more than 20 years experience in preparing reserve studies; since 1982.

A Reserve Study is a financial projection that calculates the funding requirements to replace not only your infrastructure assets, but also all assets owned and operated by the association. Your financial projection and reserve study report is prepared by a CPA, resulting in a reserve study report that is understandable, useful, and that makes sense. Our reserve study will cover a 30-year period and will incorporate inflation, estimated interest earnings and income taxes, financing programs and repayment of debt. We can project level funding requirements, funding plans linked to estimated inflation rates, or customized plans. The net result is a reserve study funding plan that can be incorporated into your dues structure, giving you an accurate picture of your cost recovery needs.

Facilities Advisors, Inc. should be your choice for your next reserve study, because we not only provide the three important things that a reserve study should provide, but we also meet the three criteria that are important to you. We have more than 20 years of reserve study experience, making us one of the longest term players in the industry, and we work interactively with our clients to make sure that the reserve study report is right. If you’re not satisfied, we’re not satisfied.

We have provided reserve study services nationwide for many years.  While we have performed reserve studies nationwide, our highest concentration of reserve study services has been in these states; Arizona, California, Colorado, Delaware, Florida, Hawaii, Nevada, New Mexico, Oregon, Utah, and Washington.

Call us at 877-304-6700 for your next Reserve Study.

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