When Reserve Plus was founded, it was with the idea that the condo management industry needed a shakeup. How could we transform the reserve fund study from a mere legal requirement into a platform giving a holistic view of the building — touching everything from maintenance to annual reviews to insurance? myRPlanner (powered by StelorPM) was the solution.
myRPlanner is an annual subscription platform developed by our founders not only to write reserve fund studies but to give a broader overview of your condo complex as a whole. From the dashboard you can see recommended upcoming planned maintenance as well as a current estimate of your financials. The interactive platform also lets managers and boards automatically generate the 5-year plan report and the annual review with the click of a button. Users find that this greatly simplifies their job and provides a consolidated, holistic view of both finances and building health.
Prospective buyers are also becoming more aware of the reserve fund study as a tool to avoid costly cash calls and derelict buildings. With the Reserve Plus platform, responsible boards can show off their building and financial scores as generated by myRPlanner. These scores consolidate many factors into two numbers — the financial score, reflecting the reserve fund's ability to fund needed repairs, and the building score, reflecting overall building condition — much like a credit score measures an individual's fiscal responsibility.
Our small, hardworking team at Reserve Plus is fully committed to better equipping condo boards with the tools and information needed to make better decisions about their properties. We are constantly improving our product. The next time your condo needs a reserve fund study, look no further than Reserve Plus — and consider a subscription to myRPlanner.