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A Question
You may well ask … “We engage a Planner to prepare our reserve studies, from time-to-time. Why, then, should we use the Reserve Fund Assurance Program when we already use a qualified expert?”
There  are three reasons. One is that you'd be getting a “second opinion”. There is, indeed, a reasonable degree of subjectivity in the preparation of funding schedules for example. We might have a different slant on yours, for good reasons, and you'd benefit from hearing what is.
Secondly, you'd get the updates that almost no planner provides. And it this service is provided (extremely rare!) we can guarantee that we'd do the job much more economically.
Third, we use well-researched measurement tools that can signal whether your fund meets criteria that are generally considered indicative of solidly managed reserves. It's really good to know whether you can put your feet up and relax, or if you need to make changes that'll get you out of the woods.
What does the RFAP Cost
The annual fee is based on the average of your next 10 years predicted re-serve closing balances. It's a fair pricing scheme because invariably, the work involved at our end is related somewhat to the amounts of your expenditures. Besides … for the smaller properties, it means that our service will be as affordable for them as it is for you.
 You'd pay an annual fee of 1/5 of 1% of your average reserve balance. It does not sound like very much, and in fact … it isn't!
If your reserve balances average $50,000 your fee for RFAP would be $100/year. (That's also our minimum fee by the way). If your reserve balances average $200,000 your fee for RFAP would be $400/year, and … If your reserve balances average $400,000 or higher, your fee for RFAP would be $800/year. Fees are payable annually and you can drop out anytime.
Proceeding with Your Enrolment
Contracting for the RFAP isn't yet quite as automated as acquiring RFund software. To proceed, send us an e-mail, and tell us what the planned average closing balance of your reserve fund is for the next five years. We'll confirm the Annual Fee to you by return e-mail and ask you for credit card information once you re-confirm your intention to proceed.
PLEASE ALSO INCLUDE …
Your Name
Your Role …
Board Member
Property or Community Manager,
Reserve Specialist, Accountant
Telephone Number
Also … please mention how you
heard about us. Thanks.
Want to talk to us about any of this? Please feel free to contact us.
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A “second opinion” on the health of your fund. And it will be produced by one of the authors of the successful book, “Re-serve Fund Essentials”.
summary of the expenditures information that we used to update your reserve picture. This is an invaluable help to your reserve planner who will use it when the time comes to prepare a new study when the right time comes around.