Condo Boards Offered New Reserve Management Tool

Ready Reserve$™ program aims at preventing special assessments for community associations. Using statistical control techniques along with reserve study data is the solution.

Lakewood Ranch, FL (PRWEB) June 26, 2009 -- Guidance Association Services announced a new and innovative reserve management tool for the thousands of condominium and home owner associations across the United States. Ready Reserve$™ software is an easy to use program designed for community associations. It gives an association's Board of Directors the latest information needed to plan and control reserve funds for capital replacements, deferred maintenance, and community improvements. Guidance provides the service for you or you can Do-It-Yourself by acquiring the software.

Guidance founder Gerry Alfiero said, "After serving 5 years as President of a condominium association in Florida, I learned how quickly reserve plans change and change dramatically. Managing a reserve plan is like trying to hit a moving target - you must keep your eye on the target at all times. In the real world unforeseen expenses pop-up, a project's timing and scope can change and reserve plans can quickly go off track. Owners are then faced with the hard reality of a special assessment. But most special assessments are preventable. That's why Ready Reserve$™ was created. Using statistical control techniques, it is designed to help community associations stay on top of their reserve plans, adjust to changing conditions and prevent special assessments."

Ready Reserve$™ joins forces with an association's reserve study. It accounts for actual reserve fund inflows and expenses along with changing project outlooks by the Board. The software detects out-of-limit reserve balances and tests different funding strategies to get reserves back on track. This smooths out regular reserve assessments over time and prevents both shortfalls and over-funding.    

"Ready Reserve$™ is a very affordable program that keeps reserve management front and center with always current data," said Mr. Alfiero who is a Florida licensed Community Association Manager and founder of Guidance Association Services. You can learn more by visiting www.readyreserves.net to see additional information.

About Guidance Association Services
Guidance Association Services specializes in working with community associations primarily through the Board of Directors to help assess, develop, and implement tailored management solutions that enable the Board to better serve the association members and all community stakeholders.

Contact:
Gerry Alfiero, CAM
Guidance Association Services
Telephone: 941-592-6927
Website: www.readyreserves.net

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