California Reserve Studies

About Us - Facilities Advisors California

Facilities Advisors International has been preparing reserve studies in California since 1982.  We have worked with all types of associations and in most parts of the state.  We have prepared hundreds of reserve studies for all types of associations; condominiums, planned developments, timeshare associations, and cooperatives.  Our reserve study reports are unique - they are designed to meet California statutory requirements and to serve as a budget for your maintenance plan. 

We are located at 3355 Cochran Street, Suite 101-A in Simi Valley, California  93063.  California phone number is 805.658.8007.  Fax 805.715.0586.

Facilities Advisors International is the only reserve study company that also offers access to our inernet-based reserve study software as part of our service.  Others may provide you with an Excel workbook, but we actually provide you access to the same software that we use to prepare the reserve study.  You can keep your component database updated in real time.

The owners of Facilities Advisors International both hold appropriate credentials for preparation of reserve studies.

     Gary Porter, RS, FMP, RSS, CPA

     Pierre Del Rosario, RS, RSS

     Matt Woytek, RS

RS - Reserve Specialist, credential issued by the Community Associations institute
FMP - Facilities Management Professional, credential issued by the Internaltional Facilities Management Association (IFMA)
RSS - Reserve Study Specialist, license issued by state of Nevada, required in order to prepare reserve studies in Nevada.

Gary Porter also served as CAI national president in 1998-99.

Long term dedication to the industry is demonstrated simply by the fact that Gary Porter, managing partner of Facilities Advisors, Inc., is the author of the 1987 book Reserve Study Manual.  This was the first comprehensive book ever written on the topic of reserves, and it was written years before most of our competitors ever heard the term "reserve study."  Mr. Porter is also the principal author of the soon-to-be-published book Reserve Studies - The Complete Guide.  This book will come in at an estimated 300+ pages, making it the most comprehensive analysis of the topic ever attempted.

Our Goals for your Reserve Study

Our primary goal is to make your reserve study something more than simply the fulfillment of a statutory obligation. We believe that the reserve study should be a functional tool used in the financial management of the association.  We believe that the reserve study should be a reflection of the Association's actual maintenance plan. We ask questions about your recently completed and planned future reserve expenditures and incorporate those plans into the reserve study, to make it as accurate as possible.

Our secondary goal is to make sure that your reserve study complies with statutory requirements.

Reserve Study Services

The advantage of using Facilities Advisors International to prepare your reserve study is that we can provide you with information that no one else can provide, such as a complete inventory by location, down to the level that we can show you every common area component in a specific room.  Our reserve studies are more intuitive to the user because our Facilities 7 software allows you to view your component information the way YOU want to see it.

A Facilities Advisors International reserve study provides you with a dynamic management tool. The Facilities 7 software is a true management tool, not a static "once every three years" paper-based report.

Levels of Service

Facilities Advisors International offers three levels of reserve study services

Level 1 - Full Reserve Study with site visit
Level 2 - Update of Reserve Study with site visit
Level 3 - Update of Reserve Study Without Site Visit

In addition, we are available to consult with you as you develop your own reserve study.

Level 1 - Full Reserve Study

We perform a complete site inspection, obtaining or verifying measurements and counts of common area components. This also includes a component condition assessment, and photo inventory of most components. We then compile the information obtained into our easy-to-understand reports.

Level 2 - Update of Reserve Study with Site Inspection

Once a full reserve study has been completed by Facilities Advisors International we will often perform updates with a site inspection. The level 2 site inspection is less comprehensive than a level 1 site inspection in that we do not obtain or verify measurements and counts unless it appears that there have been changes. We do perform the component condition assessment and update the photo inventory where necessary. We then compile the information obtained into our easy-to-understand report.

Level 3 - Update of Reserve Study Without Site Inspection

An annual update to the reserve study is simply good planning. This allows you to "refresh" the funding plan and account for minor variations from the original funding plan. We inquire about expenditures made, changes in pricing of replacement costs, and variations in funding from the original plan, but do not perform a site inspection. This is a valuable planning tool at a very reasonable cost, generally no more than 25% of the cost of a full study.