TerriS6 (California)
Posts: 3,284
Posts: 3,284
Posted:
Does a reserve study specialist have to be an actuary?
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Reserve study and actuary, California
Started by TerriS6 • 8 replies • 164 views
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KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
I beehive a "reserve study specialist" is a Community Association Inst. (CAI ) designation. They do not need to be a professional actually, but do use a lot of math
TimB4 (Tennessee)
Posts: 21,061
Posts: 21,061
Posted:
To become a reserve study specialist, see:
https://www.caionline.org/professional-credentials/reserve-specialist/
To become an actuary in CA see:
8 Steps to Becoming an Actuary in the U.S. or Canada
Being an actuary would benefit someone who is a reserve specialist.
However, per the first link I provided, it's not a requirement.
https://www.caionline.org/professional-credentials/reserve-specialist/
To become an actuary in CA see:
8 Steps to Becoming an Actuary in the U.S. or Canada
Being an actuary would benefit someone who is a reserve specialist.
However, per the first link I provided, it's not a requirement.
TerriS6 (California)
Posts: 3,284
Posts: 3,284
Posted:
Thank you. This is very helpful.
TimB4 (Tennessee)
Posts: 21,061
Posts: 21,061
Posted:
Quote:
Posted By TerriS6 on 03/05/2025 12:01 PM
Thank you. This is very helpful.
Thank you. This is very helpful.
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KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
Say, Terri, since your reserve study only will include your road(s) and an unkempt green area--2 components-- IMO you don't need to hire a reserves specialist or analyst since such designees are not required in California. I think you were part of a recent discussion about this re: California?
It might save your HOA some $$ to, instead, have a qualified road repair contractor do the remaining useful life estimates to maintain, repair and replace the road(s)
It might save your HOA some $$ to, instead, have a qualified road repair contractor do the remaining useful life estimates to maintain, repair and replace the road(s)
TerriS6 (California)
Posts: 3,284
Posts: 3,284
Posted:
Kerry, those were my arguments at the meeting. President wants a reserve specialist. No decision was made.
KerryL1 (California)
Posts: 14,550
Posts: 14,550
Posted:
So the Board did not vote?
TerriS6 (California)
Posts: 3,284
Posts: 3,284
Posted:
No. We were discussing different kinds of funding and different ways to conduct the study. I favor threshold funding and they have been doing full funding.
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