Avoid a Special Assessment

Community Association’s need a healthy reserve fund in order to prevent a special assessment. Reserves are needed to protect & enhance assets. When one considers, “how much funding should my association have in Reserves?”, you should also ask, “when is the last time my community association had a reserve study?” The Board of Directors have a fiduciary responsibility to the Members and it’s wise to include reserve funding in the association’s annual budget. By opting to have a Reserve Study, the Board of Directors are showing prudent judgment and avoiding a breach of fiduciary duty.

There are many trusted Reserve Study partners that serve the greater Houston area.

Building Engineering-Consultants, Inc.
Mr. Andrew Creamer
6823 Theall RD Ste B
Houston, Texas 77066-1100
W: (713)970-1718
E: acreamer@be-ci.com

Building Reserves, Inc.
Mr. Kevin Bobb, RS
1341 W Fullerton Ave Ste 314
Chicago, Illinois 60614-2362
W: (877)514-8256 (83)
F: (866)794-9779
E: kbobb@buildingreserves.com

Community Association Reserves
15707-C Coit Rd., Suite 186
Dallas, TX 75248
Phone: 214-790-9858

Superior Reserve Engineering & Consulting
Mr. Nik Clark
PO Box 270403
Milwaukee, Wisconsin 53227-7210
W: (888)688-4560
E: nik@superiorreserve.com

Reserve Advisors, LLC
Ms. Jacque Martin
409 W Main St Ste 125
Round Rock, Texas 78664-6040
W: (800)221-9882
F: (414)272-3663
E: jacque@reserveadvisors.com

We would recommend reading the following from Community Association Institute (CAI) as well.

Also, check out upcoming educational events in your area by CAI.