Reserve fund studies & depreciation reports
Reserve fund studies and depreciation reports, prepared by professional engineers.
We prepare reserve fund studies for condominium corporations and depreciation reports for strata corporations. A complete first draft arrives in 30 days or less, and every study includes myRPlanner so your board can keep the plan current between studies.
Since 2012
Why Reserve Plus
Why boards and managers choose us
Our process is built to deliver a study quickly and at a fair price without cutting corners on the engineering.
Speed
First draft in 30 days
A complete first draft is delivered in 30 days or less. We work to a fixed process, so you get a date you can plan your budget and AGM around.
Value
Engineer quality, fair price
Our studies are prepared by professional engineers, and our fees are in line with certified reserve planners and appraisers. Our own software and a standard process are what keep the cost down.
Usability
Easy to keep current
Every study includes myRPlanner for the five-year term. Your board and manager can update balances, contributions and project timing as they change, so the plan stays accurate until the next study.
The process
From quote to year five
Request a quote
Tell us about the property. Our quoting is automated, so the quote arrives in your inbox within seconds.
Site visit
We inspect the common property and work with your manager and board through our software to collect documents and history.
First draft in 30 days
You receive a complete first draft within 30 days for the board to review.
Five years of support
The study stays live in myRPlanner for the full five-year term, with updates, annual reports and support from our team.
Services
Our services
Reserve Fund Study
A 30-year capital plan for your condominium corporation, prepared by professional engineers.
Learn moreDepreciation Report
Depreciation reports for BC strata corporations that meet the requirements of the Strata Property Act.
Learn moreReserve Fund Analysis
A yearly check of your reserve fund against the study, so you can see a shortfall early and adjust contributions before a special assessment is needed.
Learn moreRequirements by province
What your province requires
Alberta
Required every 5 years under the Condominium Property Act, with a 30-year planning horizon.
Your requirementsBritish Columbia
Required under the Strata Property Act, s.94, for stratas with 5 or more lots. Owners can no longer vote to defer.
Your requirementsSaskatchewan
Required at intervals not exceeding 5 years under the Condominium Property Act, 1993.
Your requirementsManitoba
Required under the Condominium Act, S.M. 2011, and prepared by a qualified professional.
Your requirementsOntario
Required every 3 years under the Condominium Act, 1998. Updates alternate between a site visit and a records review.
Your requirementsNorthwest Territories
Capital Reserve Studies required every 5 years under the Condominium Act (NWT), with a 30-year minimum horizon.
Your requirementsBased in Calgary, where most of our work is: condo reserve fund studies in Calgary.
powered by StelorPM
Built for decisions,
not just filing cabinets.
Every Reserve Plus study includes myRPlanner for the full five-year term. Your board and manager can keep the numbers current from year to year instead of waiting for the next study.
- Reserve fund study: prepared by professional engineers, first draft in 30 days.
- Management software: update financials and component conditions each year.
- Five-year plan and annual report: generated from the software in a few clicks.
- Ongoing support: included for the full five-year term.
What clients say
Trusted by property managers.
Reserve Plus has been an asset to our business and have been nothing but professional and knowledgeable about Reserve Fund Studies. Their software is excellent to work with and contributes to the overall operations and planning for the buildings. Highly recommend.
Reserve Plus is a great company, with a great platform for Reserve Fund Plans. Working with them has been super smooth and the platform is user friendly. Would definitely recommend this company for your Reserve Fund needs.
Reserve Plus offers a dynamic reserve fund study that can be updated on an as-needed basis over the 5-year term, paid on a subscription that amortizes the cost over 5 years. We are extremely happy to be using them.
FAQ
Common questions
What is a reserve fund study?
A reserve fund study (a depreciation report in BC) is a 30-year budget for your building. It inventories the commonly owned property, estimates when each component needs repair or replacement and what it will cost, and recommends the annual contributions needed to pay for that work. The goal is to have the money in place when it is needed, without a special assessment.
What is myRPlanner, and how is it different?
myRPlanner (powered by StelorPM) turns your static study into a living financial model. Instead of a PDF that ages on a shelf, you can update real contributions, expenditures and timing year over year, generate the five-year plan and annual report in a few clicks, and see the risk of a special assessment early.
Who can use myRPlanner?
Condominium corporations, strata councils, and the property managers who support them. It is included with every Reserve Plus study for the full five-year term, so boards and managers work from the same current view of the reserve fund.
How fast can you deliver a study?
We deliver a complete first draft in 30 days or less. That speed comes from a standard process and our own software. We do not skip steps to get there.
Why are you more affordable than other engineering firms?
A reserve fund study is a budget, not an engineering design report. Our studies are prepared by engineers, and our process and software let us price in line with certified reserve planners and appraisers.
Request a quote for your reserve fund study or depreciation report
Our quoting is automated, so your quote arrives in your inbox within seconds.
Request a quote