RDA gives resort properties one less thing to worry about.
Resort properties maintain a multitude of structures, facilities, and components to give visitors and members the best possible experience. While these structures and elements require routine maintenance, there will eventually come a time when they will require major repairs or replacements. The budget for these repairs or replacements is often difficult to determine without a full study.
A resort reserve analysis helps such properties identify the level of funding they need to meet major expenditures. This analysis includes an evaluation of the resort’s components and current funding balance, which are then used for resort capital planning. At its core, a reserve study tells you how much money you need in your reserves at any point in time and how much you need to deposit in your reserve account to maintain the correct funding level.
Without a reserve study, a resort property would have no way of knowing whether or not its reserves are adequately funded. Faced with a major repair or replacement cost, a resort would have no other choice but to take out a loan or seek other funding options.
Reserve Data Analysis provides each client with an RDA report as part of our reserve study service.
Our report includes the following:
A comprehensive analysis of the client’s operating guidelines and the governing documents to determine the extent of the client’s maintenance and reserve obligations;
A detailed inventory of all assets that fall under the client’s responsibility (for on-site inspections);
Detailed reports for each asset;
A summary of assets by category;
Distribution of accumulated reserves report;
Required monthly contribution report; and,
All of our reports are created using localized cost guides as well as economic and investment parameters. Throughout the process, all of our clients receive our full commitment and care. Our complete support and guidance continue through the entire year, so you can get in touch with us for any questions or concerns about budgeting and long-term planning.
Reserve Data Analysis offers four levels of service for vacation resort reserve studies. All levels come with the following:
This level of service comes with a physical on-site walkthrough of your resort to determine the condition of your components and to take precise measurements.
This level of service comes with a physical on-site walkthrough of your resort to determine the condition of your components, but there are no measurements taken
This level of service does not include a site visit or inspection but comes with a readjustment of your funding plan using your prior resort reserve fund study calculations to compensate for such things as inflation, price hikes on materials, investments, and yields on your investments.
This level of service does not include a site visit or inspection. Instead, you can save money and learn about your resort by conducting the inspection yourself. It includes a step-by-step guide through the collection process of components and measurements. Using the data you’ve collected, our corporate office compiles your measurements and validates your information to ensure no costly mistakes.
RDA’s self-made and self-contained software is a fully integrated management, computational, and projection tool. Our software allows for greater detail, more accurate projections, and more intricate computations without the limitation of a 20- to 30-year window.
Using this software, our report also comes with a 3D MODEL of your facilities with a detailed breakdown of square footage.