{"id":154,"date":"2023-05-26T17:18:30","date_gmt":"2023-05-26T21:18:30","guid":{"rendered":"http:\/\/blog.tarleyrobinson.com\/?p=154"},"modified":"2023-05-26T17:18:30","modified_gmt":"2023-05-26T21:18:30","slug":"how-do-we-hire-a-reserve-study-specialist-part-3-of-a-3-part-series-on-reserves","status":"publish","type":"post","link":"https:\/\/blog.tarleyrobinson.com\/?p=154","title":{"rendered":"How does our HOA hire a Reserve Study specialist? (Part 3 of a 3 part series on Reserves)"},"content":{"rendered":"

Although Virginia law does not address who can perform a reserve study, it is clearly in the best interest of an association to hire a credentialed professional to conduct a reserve study for the community. Professionals who provide reserve studies include licensed Professional Engineers (PE), Architects (AIA and\/or RA) and experts such as a Reserve Specialist (RS) or Professional Reserve Analyst (PRA).<\/p>\n

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The Community Associations Institute (CAI) awards<\/a> the\u00a0Reserve Specialist (RS) designation. The RS designation requires an applicant to have prepared at least 30 reserve studies within the past three calendar years; requires a bachelors degree in construction management, architecture, or engineering (or equivalent experience and education); and requires that the applicant comply with strict rules of conduct outlined by CAI.<\/p>\n

The Association of Professional Reserve Analysts<\/a> awards the\u00a0PRA designation. This designation is based upon a point system<\/a> and takes into account the professional\u2019s reserve study experience, professional experience and education.<\/p>\n

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When hiring a professional to conduct your reserve study, make sure that the individual and not just the company is qualified to analyze your community. Request references and a copy of a recent reserve study. Reserve studies are not inexpensive, therefore it is important for a board to be prepared on hiring a professional and have any agreement with the professional reviewed by counsel.<\/p>\n

Tarley Robinson, PLC, Attorneys and Counsellors at Law<\/strong><\/span><\/p>\n

Williamsburg, Virginia<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Although Virginia law does not address who can perform a reserve study, it is clearly in the best interest of an association to hire a credentialed professional to conduct a reserve study for the community. Professionals who provide reserve studies include licensed Professional Engineers (PE), Architects (AIA and\/or RA) and experts such as a Reserve […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,57,7,25],"tags":[9,224,244,40,378,42,110],"_links":{"self":[{"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=\/wp\/v2\/posts\/154"}],"collection":[{"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=154"}],"version-history":[{"count":11,"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=\/wp\/v2\/posts\/154\/revisions"}],"predecessor-version":[{"id":2639,"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=\/wp\/v2\/posts\/154\/revisions\/2639"}],"wp:attachment":[{"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tarleyrobinson.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}