FAQ's 3 Barrera & Company

Every Reserve Study is specifically tailored to your own needs. The study will have a complete inventory of all the assets for which your association is responsible. Generally, a Reserve Study will include such components as: *Roofing*Painted surfaces*Asphalt and concrete areas *Fencing, rails, gates *Pools, tennis courts*Landscaping*Mechanical equipment *Elevators *Security systems*Any common interior areas At Barrera and Company, we determine which components are applicable to your association, ask for your own feedback, and customize a final study based on these evaluations. [back to the top]

What are the advantages of having a Reserve Study completed by Barrera & Company?

Barrera & Company has over 20 years of experience and over 9,000 studies completed, an industry leader of Reserve Analysis. We provide an efficient, cost-effective, and friendly means for obtaining a Reserve Study.
Following the guidelines and recommendations of Barrera & Company can protect the Board of Directors in a community from personal liability regarding reserve components and reserve funding.
A Reserve Study is often required by an Association’s accountant during the completion of the Association’s annual audit.
Lending institutions can request a Reserve Study in processing loan applications for the community as well as individual owners.
A Reserve Study is a detailed inventory of the Association’s major assets while also providing a schedule for maintenance and repair of these components.
A Reserve Study also assists the Association in maintaining is legal and fiduciary obligations of maintaining the community in a state of good repair. If all replacements and repairs are funded on a special assessment basis, the Association runs the risk of not fulfilling these obligations. An Association cannot always guarantee a special assessment will be passed, but a Reserve Study compiled by Barrera & Company, can guarantee all required repairs and replacements in the future will be met.
Since the Reserve Study gives a detailed account of the Association’s current financial condition, it may be used as a guide for prospective purchasers.
Please call 800-543-8670 for a list of references. [back to the top]