PROTECT THE VALUE OF YOUR HOME OR REAL ESTATE INVESTMENT
Be prepared. Poor budgeting may lead to higher monthly assessments, underfunded reserves, and lack of clarity into the financial condition of your property. This increases the risk of lower property values, scaring off lenders, investors, and home buyers. Gaining control of the budget process gives you the insight needed to properly fund your reserves and protect the future value of your property.
START COLLABORATING TO SAVE TIME AND MONEY
We designed our automated reserve study software so you can seamlessly collaborate with your vendors, board members and other experts. This saves you time, increases budget accuracy and creates a more reliable forecast you can trust.
AVOID COSTLY SPECIAL ASSESSMENTS
Is your property adequately funded for future repairs and replacements? Our software is designed to give you the information necessary to anticipate the future financial requirements to be adequately funded. We understand that no two communities are the same and each property has its unique challenges. So we developed a simple-to-use, customizable tool for creating your own ‘what-if’ funding scenarios to meet the goals of your community. This allows HOA boards to better manage community expectations and avoid unforeseen expenses which may lead to costly special assessments.
COMPLY WITH STATE REAL ESTATE DISCLOSURE STATUTES
In addition to being a helpful planning tool that gives clarity into the financial condition of your community, reserve studies for homeowners associations are legally mandated in 30 states (such as California, Florida, Hawaii, Nevada, Virginia, Oregon, Arizona and Washington to name a few) either for budget preparation or homeowner (and prospective homeowner) disclosure purposes. In California, the relevant laws are California Civil Codes §5300, §5550, §5560, §5565 and §5570. On June 30th, 2011, the Department of Housing and Urban Development published Mortgagee Letter 2011-22, which made reserve studies mandatory for all new condominium conversions applying for FHA insured loans approval, including gut and non-gut rehabilitation conversions. This new guideline went into effect September 1st, 2011.
SIGN UP TODAY AND START MAKING BETTER DECISIONS
Easy to use and easy to understand are two phrases you might not associate with reserve studies and the software designed to prepare these budgets. SmartProperty challenges this assumption by turning the reserve study on its head. Instead of the initial focus on output, we focus first on the input and developing tools to make this process as seamless and collaborative as possible with the “good data in, good data out” philosophy. This ensures a more accurate and reliable forecast for making better decisions and protecting property value.
RESERVE STUDY SOFTWARE YOU CAN TRUST
We bring over 30 years of experience preparing reserve studies throughout the United States. When it comes to the design of our product you are getting the experience of a company who has completed over 20,000 reserve studies. Over the years we have invested time and resources to design a product that is not only easy to use, but accurate and effective. If you’re not 100% satisfied with the outcome, just tell us why and we’ll refund your last month’s software fee. But we’re pretty confident you’ll love it. More than 100,000 happy customers.