A friend and I are planning on moving into doing some Capital Reserve Studies for land management companies, particularly in the multifamily sector. For those unfamiliar, this is basically taking an inventory of all the stuff in a condo complex, figuring out how often the stuff needs to be repaired, estimating those costs, charting it out, and projecting how much their condo fees need to be to provide a baseline for repairs. There's more to it than that, but not much more.
My qualifications - PE in several states, experienced in flood hydraulics, detention ponds, civil design, paving. Site stuff mostly.
His qualifications - BOMA certified Facility Manager currently working for an international land management company with a half million square foot portfolio. He does this sort of stuff all the time, but currently for banks, not multifamily, and not under his own umbrella.
So the questions that arise are..
Are there specific certifications one must carry to do a report like this?
What sort of liability is carried by a report like this? Would professional liability insurance cover it?
Anything else to think about?
Hydrology, Drainage Analysis, Flood Studies, and Complex Stormwater Litigation for Atlanta and the South East -
My qualifications - PE in several states, experienced in flood hydraulics, detention ponds, civil design, paving. Site stuff mostly.
His qualifications - BOMA certified Facility Manager currently working for an international land management company with a half million square foot portfolio. He does this sort of stuff all the time, but currently for banks, not multifamily, and not under his own umbrella.
So the questions that arise are..
Are there specific certifications one must carry to do a report like this?
What sort of liability is carried by a report like this? Would professional liability insurance cover it?
Anything else to think about?
Hydrology, Drainage Analysis, Flood Studies, and Complex Stormwater Litigation for Atlanta and the South East -