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 RFund
was originally conceived as a tool to help manage and control the reserve funding
of condominiums and townhouses. However, it has been suggested to us that it's
use is much broader. There is a wide range of properties that can benefit from
RFund's ability to schedule and manage their reserves.
Let's look at what all of them actually are.
Co-owned and Board-Managed
These are, indeed, properties that are owned by their residents and managed by
owners that are elected by the residents. Of course some units in these properties
are occupied by none-owners, which still does not change the nature of the ownership
set-up.
 Community-Supported,
Member-Owned and Attender-Funded
This category could include religious institutions, private schools, golf courses,
private clubs, and recreation facilities that are owned or funded by members
and attenders. These people have a stake in the operation of these facilities
and have an interest in the funding of repairs and the replacement of its components.
Taxpayer-Owned
When we think of the breadth of buildings, nation-wide, that are available to
communities, to provinces and states, it becomes an impressive list. Libraries
public-housing, hospitals, garages, police stations and fire halls, etc. the list
goes on and on. RFund can be put to work for these properties just as easily as
for co-owned real estate.
 Corporately-Owned
We will concede that most corporations have staff that look after the forecasts
of repairs and replacements. They have systems in place to manage this part of
their costs. Having said that, RFund can still be a useful additional tool for
a corporation that wants to ensure the reliability of its future needs estimates.
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