RECO provides an AI‑powered financial operating system for asset managers that automates reserve fund studies, RFPs, and long‑term financial plans. Its RECOstudy™ platform generates live 30‑year reserve plans from existing documents, with licensed engineers reviewing each building and compliance tracking built in, while a free audit tool translates current reserve studies into plain‑language scores and risk alerts for board meetings or property acquisitions.
Funding
Funding not disclosed
Founders
Product
Problem
Asset managers and building owners must conduct reserve fund studies, RFPs, and long‑term financial planning manually, often relying on costly consultants and static PDFs that become outdated quickly, leading to compliance gaps, unexpected special assessments, and inefficient decision‑making.
Solution
RECO offers an AI‑driven financial operating system that automates the creation and maintenance of reserve fund studies for individual or multi‑property portfolios. The RECOstudy™ engine ingests existing documents, generates a live 30‑year funding plan, and continuously updates percent funded, risk flags, and compliance status as building data changes. A free audit utility translates legacy studies into plain‑language scores and highlights red‑flag items for board review, while the platform automatically produces lender‑ready reports, board packages, and certification filings. Integrated RFP generation and verified contractor bidding streamline repair procurement and enable green‑financing eligibility. By centralizing these workflows, RECO reduces reliance on external consultants, improves accuracy, and provides stakeholders with real‑time financial insight.
Target Audience
Primary customers are asset managers, property owners, and building operators who oversee reserve funding, compliance, and repair procurement for residential or commercial property portfolios.
Features
- AI engine that creates and continuously updates a 30‑year reserve fund plan for each building
- Free audit tool that converts existing studies into plain‑language summaries and a REcollab Score with highlighted risks
- Automated compliance reporting, including board packages and lender‑ready documents for Fannie Mae, Freddie Mac, and CMHC
- End‑to‑end RFP workflow that generates bid packages from repair lists and invites verified contractors to compete
- Green‑financing eligibility checks built into the procurement process
- Real‑time funding percent tracking and early risk flagging to prevent special assessments
- Scalable architecture supporting single‑property and multi‑property portfolios