HRM Real Estate Consulting Buyer Due Diligence | Reserve Study Review
Buyer due diligence for reserve studies and capital plans

Know the funding risk before you buy.

I help buyers interpret reserve studies and long-range capital plans during due diligence, so funding risk and assessment exposure are understood before closing.

I also work with boards and managers who want an independent, plain-English walkthrough of an existing reserve study.

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Buyer due diligence Assessment exposure Plain-English walkthrough

Services

Practical help, focused on understanding and decision-making.

Buyer due diligence

Independent review of a reserve study during contract. Identify funding gaps, timing pressure, and assessment exposure before closing.

Decision support

Focused guidance around funding assumptions, component timing, and capital planning risk.

Reserve study review for boards

Plain-English interpretation of an existing study. No preparation or modification.

  • Is the association adequately funded today? Does current reserve funding align with projected obligations?
  • Is a special assessment likely? Do timing assumptions or cash flow projections create near-term pressure?
  • Are the assumptions defensible? Are useful lives, costs, and inflation factors reasonable under current conditions?
  • Focused review call We walk through the reserve study with emphasis on funding gaps, timing pressure, and assessment exposure.
  • Buyer risk summary Clear outline of funding concerns, assumption sensitivity, and issues that may affect price or negotiation.
  • Optional written memo Structured summary suitable for your agent, lender, or transaction file.

Process

Simple, predictable, and fast.

  • You submit the reserve study and context through a short intake form.
  • 2) We meet for a focused review callWalkthrough, assumptions check, and key risk areas.
  • 3) You leave with clear action itemsQuestions to ask, choices to consider, and what matters most.

About

Independent, practical guidance.

Background

I began my career in construction and technical sales after earning a B.S. in Mechanical Engineering from the New Mexico Institute of Mining and Technology. That early experience grounded me in how buildings are assembled, maintained, and how systems actually fail over time.

I later transitioned into reserve studies and capital planning, becoming a credentialed Reserve Specialist (RS #416). Through 2025, I prepared reserve studies for condominiums, homeowners associations, schools, municipalities, and other facilities, evaluating long-term repair and replacement obligations across a wide range of properties.

Today, I no longer produce reserve studies. I work independently with buyers and decision-makers to interpret existing reports, examine assumptions, identify pressure points, and clarify what the funding plan implies before a major commitment is made.

The focus is straightforward: understand the risk, understand the assumptions, and make decisions with eyes open.

What I don’t do

  • I do not prepare reserve studies I interpret existing reports. I do not conduct site inspections or issue new studies.
  • I do not replace the reserve study provider Your association’s preparer remains responsible for the report. My role is independent review and clarification.
  • I do not provide advocacy or valuation opinions The focus is capital risk clarity, not promoting or opposing a transaction.

Who you’ll work with

Matt — HRM Real Estate Consulting

Matt

I am a former Reserve Specialist (RS #416) with a background in mechanical engineering and nearly a decade of experience preparing reserve studies and capital plans.

I have worked across condominiums, homeowner associations, schools, and other facilities, evaluating long-term repair and replacement obligations and the funding strategies built around them.

Today, I work independently. My role is not to rewrite the study or advocate for a position, but to help you understand what the report implies, where the risk sits, and what questions should be answered before you proceed.

FAQ

Common questions before we start.

  • How does this help during due diligence? I review the reserve study in the context of your purchase so you understand funding gaps, timing pressure, and the likelihood of special assessments before closing.
  • Do you prepare or revise the reserve study? No. I interpret the existing report. I do not conduct inspections, issue a new study, or modify the preparer’s work.
  • What will I walk away with? A focused review call, a clear outline of funding risks and assumptions to verify, and specific questions to raise with the association or preparer.
  • Is this a replacement for a full property inspection? No. This review focuses on the financial planning and capital funding side, not physical condition assessments.

Contact

For questions not covered above, you can reach me directly.

Email

Phone

(305) 209-5380

Calls or texts welcome.