Key Result
18% → 67%
reserve fund funded in 3 years
Ridgeline Commons had a reserve fund at only 18% funded — critically below the 70% minimum recommended by the Community Associations Institute. Their previous management company had provided no reserve planning tools, and the board had no way to model funding scenarios. A reserve study from their management company's preferred vendor was costing $4,800/year. A special assessment to cover a planned roof replacement in year 3 felt inevitable.
LotWize's reserve planning calculator let the board model three funding strategies: the 18% 'do nothing' path, a graduated increase path, and a full-funding acceleration path. They chose a middle path: a $47/unit/month temporary assessment over 5 years. The board sourced their own reserve study for $1,100 — saving $3,700/year on that alone.
“We went from 'we might have to do a special assessment' to 'we're ahead of schedule on reserves.' That's the difference this tool made.”