Showing posts with label APRA. Show all posts
Showing posts with label APRA. Show all posts

Tuesday, December 21, 2010

From APRA's Nov/Dec Newsletter-Wily Nilly Drilling of Holes For Cable Leads to Major Damage

I get APRA's (Association of Professional Reserve Analysts) Monthly Newsletter delivered to my email box every other month.The Nov/Dec newsletter has some important lessons for HOA's on deferred maintenance and the costs that come with it.

Satellite/Cable installers are some of an HOA's worst enemies, whether you know it or not. Cable/sat dish installers get paid the same way many of your vendors employees do,  by "piece work". What's piece work? Well lets say that the cable/dish installer has 5 installs in one day scheduled. He/she gets paid by each dish they install. If they get paid lets say $75.00 per dish, they can make $375.00 that day. If it takes the installer 5 hours to do the job, that breaks out to" $75.00 an hour in wages. If it takes the installer 10 hours to do the jobs, that breaks out to "only' $37.50 an hour.

They are incentivized to slam as many dishes in as possible. Therefore, your HOA is at risk of leaks due to the installer slamming in the dish as easily and as fast as they can. Read this from APRA-


Mysterious Holes. While doing my
weekly property inspection, I noticed
holes in the stucco walls that appeared
to be vandalism. The holes revealed a
mysterious black substance inside the
wood structure. The black substance
turned out to be mold and dryrot. About
the same time, reports were coming in
regarding some of the cantilevered
balconies that had dropped an inch or two.



Engineers Called In. The board
decided to bring in experts to study
both the walls and the balconies to
make recommendations for repair and
to write the specifications so bids could
be obtained. At this point, the health
and safety of those affected residents was of great concern.


Bids were obtained from four different
engineering companies and a contract
was awarded to the low bidder at
$56,000. Arrangements were made for
the engineers to have access to all
second and third story balconies for
inspection purposes. A detailed
description of the condition of each
balcony was noted, including a rating
system to determine the priority in
which these balconies would be
repaired. As a result of the inspection, a
dozen balconies were immediately
closed off due to unsafe conditions.
The study revealed dryrot and mold
behind the walls where the small holes
had been made. It was thought that the
water came from roof leaks and poor
drainage. The holes in the walls were
created by the cable company
installing cable to individual units. The
exterior walls were coated with an
elastomeric paint which did not allow
water to evaporate when it got behind
stucco.
Termites. All of the dampness had
attracted termites. A termite specialist
was brought in and the treatment of all buildings cost $100,000.


Dryrot on plywood under dish from leaks through stucco
Wires run on top of wall nailed through creates a path for water intrusion

Open holes in stucco are waiting to funnel water into the wall.
 READ THE WHOLE ARTICLE AND FIND OUT THE COSTS OF DEFERRED MAINTENANCE AT APRA BY CLICKING HERE

Monday, July 5, 2010

APRA's Newsletter is Up

From our friends at APRA

Association of Professional Reserve Analysts (APRA) is the national trade association for those that carry the prestigious Professional Reserve Analyst (PRA) credential.   APRA provides a common base of knowledge, standards of care and professionalism.  Membership is open to reserve study providers and those that provide related services.   For membership information and the latest APRA Advisor, go to www.apra-usa.com
IN THIS EDITION
Slow Economy Planning.  Prioritizing renovation events.
Budgeting Tips.  Get ahead of the budget season.
Contractor or Employee?  Be sure you hire who you think you’re hiring.

ADVERTISERS
APRA Advisor is distributed to over 10,000 HOA board members and managers throughout the country.  For advertiser information, email APRA@teamwi.com
Richard Thompson  PRA
President - Association of Professional Reserve Advisors

Saturday, January 30, 2010

Association of Reserve Professionals Opens Registration to The 2010 APRA Symposium

For HOA's and Reserve Study professionals, you need to be here...

The Association of Professional Reserve Analysts is pleased to host
the 2010 APRA Symposium in its continued commitment to serving
the reserve study professional industry.
The 2010 APRA Symposium will provide cutting edge reserve study
education from industry experts, insightful round table discussions and
networking with peers from across the United States and Canada.
Join us in exciting Las Vegas!
Registration Deadline: April 15, 2010

Agenda
Saturday, May 1, 2010
8:00-9:00 am Registration/Breakfast/Networking
9:00-9:15 am Welcome, Introductions & Opening Remarks
9:15-10:30 am Roofing Truths & Trends
Expert Brian Seifert of Cox Associates LLC discusses the major roofing types and
common installation flaws.
10:30-10:45 BREAK
10:45-Noon Waterproofing the Structure
Architect David Kuivanen of Simpson Gumpertz & Heger teaches about common
water intrusion issues and how to prevent or correct them.
Noon-1 pm LUNCH
1:00-2:15 pm Panel Discussion-Roofing, Waterproofing & The Reserve Study
Ken Kosloff PRA of Richard Avelar & Associates, Brian Seifert and David
Kuivanen share how roofing and waterproofing impact a reserve study.
2:15-3:15 pm Roundtable Discussion-Construction Defects & The Reserve Study
Attendees offer personal experiences relating to integrating construction defect
corrections into a reserve study and protecting against effects of related litigation.
3:15-3:30 pm BREAK
3:30-4:30 pm APRA Annual Meeting (Members Only)
5:30-6:30 pm No Host Happy Hour at Paris Las Vegas
6:30-8:30 pm No Host Dinner at the Paris Las Vegas Le Provençal Restaurant

Reserve study manual

 Reserve study guidelines for community associations, condominiums, and planned developments

Wednesday, October 21, 2009

Association of Reserve Professionals Monthly Newsletter is Now Up On the Web!

The monthly newsletter for Reserve Professionals and interested parties from APRA is now up and available to read at APRA's website.

Click here to read informative HOA specific news, advice and opinions and more!

Associations cannot afford to be abreast of the latest when it comes to being financially sovent, especially these days...

Friday, August 21, 2009

APRA's Monthly Newsletter Available Now Online!

APRA is an association of Reserve Professionals for HOA's, check out their newsletter for vital information and news on reserving funds for HOA's


Association of Professional Reserve Analysts (APRA) is the national trade association for those that carry the Professional Reserve Analyst (PRA) credential.
APRA provides a common base of knowledge, standards of care and professionalism. Membership to APRA is open to reserve study providers and affiliate service providers.
For membership information, go to www.apra-usa.com

The latest edition of APRA Advisor is available at www.apra-usa.com

IN THIS EDITION
Common Contract Clauses. Don’t sign one without them.
Ask the Professional Reserve Analyst. Advice worth heeding.
Protect Your Landscape Investment. Hire a pro, not the blow and go boys.
Picture Perfect Reserves. Aim, focus and start shooting.
Barkdust: Landscaper’s Friend. It cuts landscaping and water costs.
APRA 2009 Member Recognition. The list just keeps getting longer.

Richard Thompson PRA™
President - Association of Professional Reserve Advisors

Wednesday, June 3, 2009

APRA Publishes it's Newsletter for June

APRA, the Association of Professional Reserve Analysts, is a group of professional reserve study providers serving the HOA industry.
They publish a great newsletter for HOA's and their reserve study providers...take a look and read up from this source of good information.

The latest edition of APRA Advisor is available at www.apra-usa.com

IN THIS EDITION
Minimizing Financial Liability. The reasons why no HOA should be without a reserve study.
Ask the Professional Reserve Analyst. Advice worth heeding.
Neighbor Knowledge. Love your neighbor as yourself
Navigating Hard Times. Tips for stretching your HOA dollars.

Association of Professional Reserve Analysts (APRA) is the national trade association for those that carry the Professional Reserve Analyst (PRA) credential. APRA provides a common base of knowledge, standards of care and professionalism. Membership to APRA is open to reserve study providers and affiliate service providers. For membership information, go to www.apra-usa.com

Richard Thompson PRA
President - Association of Professional Reserve Advisors