Replacement reserves
Reserve funds ready the day you need them.
Something breaks and you need the money this week, not next quarter. Relay tracks the escrow balance as it replenishes and builds the request as each repair invoice comes in.
Escrow tracked as it replenishes
Balance, monthly deposit, and minimum draw per property, kept current as the servicer funds and reimburses, so you always know what you can request.
Import your reserve history
Start from the statement you already have. Opening balance and prior requests come in, and the next request opens from the real balance.
Repairs checked against the balance
Every repair invoice is read, landed on the right property, and checked against the balance and the minimum draw before it joins a request.
Know what you can request and when.
Set the opening balance, the monthly deposit and its day, and the minimum draw. Relay keeps the running balance, tells you when queued repairs clear the minimum, and keeps the request ready for the next cycle.
- Balance, monthly deposit, and deposit day per property
- Notified the moment repairs pass the minimum draw
- Balance adjustable by hand when the statement says otherwise
Log the repair when the invoice arrives, not at quarter end.
Forward the HVAC invoice the day it comes in. Relay reads it, lands it on the right property, and adds it to the open request. By the time the request is due, it is already built.
Uploaded to the cloud.
Relay compiles the request as repairs come in. Each invoice and its proof of payment is filed the moment it is logged, so when the queue clears the minimum, the request is already built. It lands in Dropbox, your servicer reimburses from the reserve, and the balance in Relay updates to match.
Relay/Park Ridge/Reserve request · OctBring us one reserve request.
Send us last quarter's repair invoices and the reserve statement. We'll show you the request Relay builds from them, on a call, within 48 hours.