Greater Tennessee’s Local Reserve Study Specialist
Smart Planning for Long-Term Community Health
Hart Property Advisors (HPA) is your local reserve study specialist—trusted by communities across Tennessee and the greater region. Since 2012, we’ve helped home owner association (HOA) and condo communities, faith and recreation centers, schools, business, and apartments plan for the future with confidence.
A reserve study is a vital tool for forecasting the long-term costs of maintaining and replacing communal property assets like roadways, exteriors, and common areas. Our tailored consultation, detailed funding plans, and 30-year financial forecasts empower you to make informed decisions, avoid unexpected expenses, and ensure long-term financial health.
Rooted locally, we understand the unique needs of the communities we serve and are here to guide yours with clarity, care, and customized solutions.
Trusted. Certified. Connected.
We’re proud members of leading professional organizations supporting community association excellence, including:
National and Tennessee Chapters of the Community Associations Institute (CAI)
Association of Professional Reserve Analysts (APRA)
The Hart Property Advisors Difference
We Live in Your Community
Rooted in Nashville, our team brings local insight, pride, and a shared commitment to communities across the greater Tennessee area—a region often overlooked by national providers.
800+ Studies Completed
Decades of focused reserve study experience have equipped us with the technical insight and reliability communities depend on—reflected in the high number of clients who choose to work with us again and again.
Experienced in TN Law
We stay current on all Tennessee laws impacting reserve studies so that you don’t have to—helping your community stay compliant and well-prepared.
We Tailor to Your Needs
Unlike one-size-fits-all approaches, we customize every reserve study to reflect the unique characteristics, priorities, and budget realities of your community.
Partnering with Community Leaders Across Tennessee
Service Area
We serve clients within a 3-hour radius of Nashville.
Property Types
Single family HOAs
Condominium and townhome HOAs
Mid- and high-rise HOAs
Apartments
Businesses
Worship centers
Private clubs and recreation centers
Schools
“It has been a privilege to work with Andrew Hart since 2012. His attention to detail, conscientious attitude, and diligent work ethic impressed us from the very beginning of our professional relationship and we’re confident he will continue to provide top-notch services to the ever-expanding Middle Tennessee community!”
Mark and Barb Smith, Onsite Engineering
Frequently Asked Questions
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At HPA, we operate on a first-come, first-served basis. After your organization provides the preliminary deposit, signed authorization form, and completed pre-site visit questionnaire, we generally complete the first draft of the reserve study within 4-8 weeks. This timeline may vary depending on seasonal demand and project volume.
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Once your reserve study is established, we recommend updating it every 3 to 5 years. If there are unexpected changes, we can discuss the benefits of a financial-only update.
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To qualify as a reserve item, it must meet a four-part test:
It must be a common property item.
It must have an estimated useful life.
It must have a remaining useful life.
It must exceed a financial value that distinguishes it from typical maintenance items.
A typical maintenance item is a routine, ongoing expense, such as landscaping or cleaning.
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A special assessment occurs when unexpected expenses arise that the HOA or entity hasn’t adequately planned for, forcing residents to pay an unplanned, mandatory fee. Reserve studies help communities plan for future expenses over the next 30 years, reducing the likelihood of special assessments.
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The cost of a Reserve Study varies depending on the age, size, and location of the property, as well as the number of reserve components involved. Every property is unique, so we offer free proposals based on your specific needs.
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While a Reserve Study doesn’t have to be performed by an engineer, Andrew Hart, our specialist, holds a bachelor’s degree in civil engineering, providing additional expertise for our clients.
