Association Reserves
Derek Eckert is the President of Association Reserves, Northern CA, where he consults on Reserve Study budgets and disclosures for Common Interest Developments. Prior to this, he worked as a Project Manager providing on-site evaluations and financial forecasts for capital projects. Derek also held positions as an Education Center Counselor at California State University, Northridge, a Financial Representative at Northwestern Mutual, and a Tax Technician at Country Wide Home Loans. Additionally, he has experience as a Ride Area Supervisor at Six Flags. Derek earned his degree in Business Administration and Management from California State University, Northridge.
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.