Sunday, March 25, 2012

From Association Reserves- Does Interest Offset Inflation? Not even close!


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March | 2012 | Reserve Studies for Community Associations

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Dear Bill,

 

Even after 25 years, the Community Association industry continues to fascinate me. There is something new around every corner. Read about a complicated situation a developer created for three associations in our Story of the Month. There are still some fundamental Reserve Study questions we're regularly asked, so our lead article answers the question: Why is accounting for interest and inflation (especially inflation!) important?

 

We've had some fun with our ongoing "Davis-Stirling CID Act" quiz. We've posted the answers to last month's three quiz question so you can keep track of how well informed you are about California's Reserve Study laws.

 

A continued emphasis on some basic principles led us to the new content of the free webinars we offer each month. Please know that if you miss the "live" version of the webinar, you can always watch a recorded (YouTube) version on demand.

 

All this is just part of our continued efforts to set you up for long-term success and financial stability at your Association!

 

Seal- CA- LA
Sincerely,Robert Nordlund
  RMN Signature

Robert Nordlund, PE, RS 
Founder/CEO
Association Reserves, Inc.


InflationWhy Is Accounting For Interest And Inflation (Especially Inflation!) Important?

 

Interest earnings bring income to the association, and inflation takes it away. Interest earnings are good, as they provide income to the association, supplementing owner contributions. Inflation means that your projected Reserve expenses get more and more expensive in future years. But do interest and inflation offset each other? No. Not even close!

 

Read more...

SOMStory of the Month 
Where Exactly Am I? 

 

We just finished working on a Reserve Study project involving three different Associations, built at different times along the growing edge of a major metropolitan area. Originally (40-50 years ago) the area was considered "horse country", featuring rustic homes, stables, horse trailers, and plenty of open space. Anticipating the construction of a new freeway in that area, a resourceful Developer purchased large lots of land, imagining gorgeous planned neighborhoods of sprawling new homes.

 

                              Need a Bid?   
Just click on the regional office closest to you
to request a proposal online!


Sean Andersen
QuizDavis-Stirling CID Act Quiz

 

Think you know a lot about CA Civil Code Sections 1350 through 1378? Here's your chance to prove it! We'll pose 3 questions this month and provide the answers next month... along with more questions. To keep it interesting, there's a prize for Boardmembers or Managers who score 100%.

Here are the answers to last month's questions. Click on the link to see the percentage of our clients who answered correctly.

 

Question #1: 

Answer: No 

 

Question #2: 

Answer: $500

 

Question #3: 

Answer: (a), (b) and (c)

 

The three circumstances are: 

(a) The value of common area assets are <1/2 of Association's annual operating budget (excluding Reserve contributions)

(b) The property is strictly for industrial or commercial uses 

(c) There is no common area

 

This month's questions:

 

Question #4

Question #5

Question #6

 
Please keep track of your own score, as prizes are awarded on an honor system basis!

State of California     

Homes

    

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In This Issue
Featured Article
Story of the Month
Component Corner

An Important  

Timely Reminder

If your FY End is 

  Aug 31st
it is time* to begin

planning for your

Reserve Study Update 

 

*Six months in advance
of your
FY End

 

Call us today 

800-SEE-1365

California

Civil Code 1365

CA Civil Code


3 Tips for Choosing the  

Right Reserve
Study Provider 

  

3 Tips for Choosing the Right Reserve Study Provider
 

 

Our

Our Reserve Studies are

NRSS Blue Ribbon by credentialed

Reserve Specialists

 

 

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This email was sent to bill@deckexpert.com by rnordlund@reservestudy.com |  
Association Reserves, Inc. | 5000 N. Parkway Calabasas Suite #308 | Calabasas | CA | 91302



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Life Deck Coating Installations San Diego Seeks Contract Administrator

Saw this on their LinkedIn Company listing...


Contract Administrator (San Diego )


Date: 2012-03-22, 3:21PM PDT
Reply to: 5mbst-2916837731@job.craigslist.org [Errors when replying to ads?]

Life Deck Coating Installations, a concrete coating business in San Diego for 30 years; is looking for an Administrative Team Member to assist us with our growing business. The ideal candidate is a highly organized, bright and motivated individual that excels in a fast-paced environment. 

Requirements/Qualifications: 
• College degree/coursework and/or Professional Training in related field
• Customer service and Sales Support experience
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• Proficient in MS Office programs including Excel
• Basic Accounting knowledge, Accounts Receivable experience a plus
• Ability to multi-task and meet deadlines
• Professional, organized, detail-oriented and ability to work independently
• Experience with Mac computers a plus

Overview of Duties & Responsibilities:
• Contract Administrator
• Invoicing and Accounts Receivable
• Support & Schedule Appointments for 5 Project Managers
• Customer Service
• Assist Sales Manager with reports & meetings

This position is full time; the hourly rate will be determined upon the qualifications of the applicant. Please take a look at our website www.lifedeck.com, to determine if Life Deck Coating Installations looks like a good fit for you. If you would like to learn more or be considered for this position, please reply with your resume.



Wednesday, March 21, 2012

LinkedIn Network Updates, 3/21/2012

 
 
 
LinkedIn
Network Updates, Mar 14 - Mar 21
 
LinkedIn
 
 
 
Featured Updates
 
 
 
PROFILE CHANGES
 
 
Bill Leys has added a course: CAI's NBC-CAM Essentials Of Community Management
 
 
Bill Leys has an updated profile (Experience)
 
 
 
 
NEW CONNECTIONS
 
 
Bill Leys is now connected to Misti MacDonald
 
 
 
POSTS
 
 
Bill Leys (@deck_expert) Did you know that our deck wtrprng products r made by mfg's right here in CA. When u buy from us you help support the state's economy! via Twitter
 
 
 
 
 
Bill Leys (@deck_expert) Everyone who tells me they can, for a fee, get me more leads has failed. Paid advertising has not done anything close to what my web seo has via Twitter
 
 
 
 
 
Bill Leys (@deck_expert) RT @WestcoatSCS : New Training Videos are now online, Fast Stain and Craftsman Finish! http://t.co/yiKPNy46 via Twitter
 
 
 
Westcoatscs's Channel - YouTube
 
Westcoat is for professional use only. Contact us for a distributor or applicator near you....
 
 
 
 
Bill Leys (@deck_expert) FollowCentral Coast Waterproofing at LinkedIn http://t.co/YRPquka7 via Twitter
 
 
 
CENTRAL COAST WATERPROOFING
 
Welcome to the company profile of CENTRAL COAST WATERPROOFING on LinkedIn. Central Coast Waterproofing was formed in 2007. Owned by myself, Bill Leys, I am concentrating...
 
 
 
 
Bill Leys (@deck_expert) New Codes and Standards Influence Future Tactics: New Codes and Standards Influence Future… http://t.co/txc1vyss via Twitter
 
 
New Codes and Standards Influence Future Tactics
 
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