Association Reserves
Justin Fales is a seasoned professional with a background in project and operations management. Currently serving as a Project Manager at Association Reserves since February 2022, Justin previously held the role of Operations Manager at Modern Woodmen Park from March 2021 to February 2022. Justin completed a degree at St. Ambrose University between 2017 and 2021, building a foundation for a successful career in management.
Association Reserves
A Reserve Study is the art and science of anticipating, and preparing for, major common area repair and replacement expenses. A Reserve Study allows the Board and Management to offset the ongoing deterioration of the common areas with Funds to ensure the timely repair or replacement of those common areas. When properly done, irregular Reserve expenses are offset by ongoing, regular Reserve contributions. Special assessments are then left for true emergencies, not expenses which could have been anticipated.