We provide effective and affordable Capital Needs Assessments with Replacement Reserve Study for properties of all types. Our inspections analyze the physical condition of your property and develop an easy-to-read plan on how to address any issues. We also help you prepare for the financial future of the property and develop a report that addresses all of their needs.
No matter how good or new a multifamily property is, all of the components will ultimately need to be replaced. When that day comes, it is vital to ensure that the property has the funds to handle the expenses. Because a reserve study that doesn’t consider all of the options could leave the property unprepared for the needs of the future.
Properties with HUD Underwriting have HUD escrow replacement reserves which are established at the closing. A regular asset management update CNA is vital to ensure that properties remain properly funded, especially if there is a HUD budget based rent. Our Capital Needs Assessments with Replacement Reserve Analysis is exactly what you need to make sure that your property continues to receive the correct HUD funding for Section 8 rents, or that you are able to close a transfer of physical assets (TPA) without issues.
Our replacement reserve reports attempt to make this process as simple as possible. We always collaborate with the owner or managing agent to get the best results. Many other reserve specialists simply deliver a report and refuse to entertain any questions about alternatives. We will review your concerns and develop a plan that works for your property or association. With US Housing, your opinion will never fall on deaf ears.
We believe that the owner is ultimately the best resource when preparing an effective reserve study. Firstly, the owner or association knows the needs of the property better than any inspector ever will. Secondly, the owner knows what funding is possible. Lastly, the owner will ultimately be the one in charge of executing a plan, so without their input, the plan may never be effective.
Our expert analysts have worked on thousands of properties throughout the country. This includes condominium associations, homeowner associations, hotels, multifamily HUD, USDA/RD, and Tax Credit properties. We can work with you to develop a CNA Reserve Study that addresses your concerns, works within your budget, and protects your property. With so much of the HUD portfolio aging and increasingly in need of preservation, CNA replacement reserve reports can provide vital insight into the gaps in between the replacement reserve accounts and 10-year update CNAs.