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HISTORY
AND DEPTH OF SERVICE TO AMERICA
Founded in 1991, Reserve Advisors, Inc. is the leading
provider of reserve studies and independent property consulting services,
serving community associations, clubs, non-profit organizations, apartment
building owners, religious institutions and educational facilities, office
and commercial building owners, and other entities in over 40 states and
Canada.
The architectural engineering consulting firm was formed to take a leadership role in helping fiduciaries, boards, and property managers manage their property like a business with a long-range property and financial master plan known as a Reserve Study.
Reserve Advisors has the largest staff with engineering and architectural degrees dedicated to Reserve Study services. Our principals are founders of Community Associations Institute's (CAI) Reserve Committee. Also, one of our principals is a Past President of the Association of Professional Reserve Analysts (APRA). Our vast experience with a variety of building types and ages, on-site examination and a historical analyses are keys to our determining accurate remaining useful life estimates of building components.
No Conflict of Interest - As specialists, our independent expert opinion eliminates any real or perceived conflict of interest because we do not conduct or manage capital projects.
STAFF INVOLVEMENT
Several staff members participate in each assignment.
The responsible advisor involves the staff through a Peer Review, exclusive
to Reserve Advisors, Inc., utilizing the experience of other staff gained
from serving hundreds of other clients. A peer review is an internal quality
assurance review of an assignment including the inspection, costing, lifing
and technical report phases of the assignment. Each peer review requires
the attendance of at least five staff including the Director of Quality
Assurance, a Review Coordinator and other participatory peers. Due to
our extensive experience with building components, we do not have a need
to utilize subcontractors.
OUR GOAL
To help our clients fulfill their fiduciary responsibilities
to maintain property in good condition.
VAST EXPERIENCE
WITH A VARIETY OF BUILDINGS
Reserve Advisors, Inc. has conducted Reserve Studies for
a variety of different communities and building types. Our clients include
institutional governmental entities, master associations, clubs, schools
and religious organizations. We've analyzed thousands of buildings, from
as small as a 3,500 square-foot day care center to the 100-story John
Hancock Center in Chicago. We also routinely inspect buildings with various
types of mechanical systems such as simple electric heat, to complex systems
with air handlers, chillers, boilers, elevators, and life safety security
systems.
We're familiar with all types of building exteriors as well. Our well versed staff regularly identifies optimal repair and replacement solutions for such building exterior surfaces such as adobe, brick, stone, concrete, stucco, EIFS, wood products, stained glass and aluminum siding, and window wall systems.
OLD TO NEW
Reserve Advisors experience includes ornate and vintage
buildings as well as modern structures. Our specialists are no strangers
to older buildings. We're accustomed to addressing the unique challenges
posed by buildings that date to the 1800's. We recognize and consider
the methods of construction employed into our analysis. We recommend appropriate
replacement programs that apply cost effective technologies while maintaining
a building's character and appeal.
THEODORE J. SALGADO, P.E.,
PRA
Principal
CURRENT CLIENT SERVICES
Theodore J. Salgado, a Professional Engineer, is co-founder of Reserve
Advisors, Inc. He is responsible for the production, management, review,
and quality assurance of all reserve studies, defect identification transition
studies, and consulting services for a nationwide portfolio of more than
4,000 clients. Under his direction, the firm conducts reserve study services
for apartment complexes, churches, hotels, resorts, office towers and
vintage architecturally ornate buildings.
PRIOR RELEVANT EXPERIENCE
Before founding Reserve Advisors, Inc. in 1991, Mr. Salgado, a professional
engineer registered in the State of Wisconsin, served clients for over
15 years through American Appraisal Associates, the world's largest full
service valuation firm. Mr. Salgado conducted facilities analyses of hospitals,
steel mills and various other large manufacturing and petrochemical facilities,
and casinos.
He has served clients throughout the United States and in foreign countries, and frequently acted as project manager on complex valuation, and federal and state tax planning assignments. His valuation studies led to negotiated settlements on property tax disputes between municipalities and property owners.
Mr. Salgado has authored articles on the topic of reserve studies and facilities maintenance. He also co-authored "Reserves", an educational videotape produced by Reserve Advisors on the subject of Reserve Studies and maintaining appropriate reserves. Mr. Salgado has also written in-house computer applications manuals and taught techniques relating to valuation studies.
EXPERT WITNESS
Mr. Salgado has testified successfully before the Butler County
Board of Tax Revisions in Ohio. His depositions in pretrial discovery
proceedings relating to reserve studies of Crestview Estates Condominium
Association in Wauconda, Illinois and the North Shore Club Associations
in South Bend, Indiana have successfully assisted the parties in arriving
at out of court settlements.
EDUCATION
Milwaukee School of Engineering - B.S. Architectural Engineering
PROFESSIONAL AFFILIATIONS/DESIGNATIONS
American Association of Cost Engineers - Past President, Wisconsin
Section
Association of Construction Inspectors - Senior Designated Member
and Certified Construction Inspector
Association of Professional Reserve Analysts - Past President
and Professional Reserve Analyst (PRA)
Community Associations Institute - Member and Volunteer Leader
of multiple chapters throughout USA
Concordia Seminary, St. Louis - Member, National Steering Committee
Milwaukee School of Engineering - Member, Corporation Board
Professional Engineer, Wisconsin, Registered in 1982
JOHN P. POEHLMANN, RS
Principal
CURRENT CLIENT SERVICES
John P. Poehlmann is a co-founder of Reserve Advisors, Inc. He is responsible
for the finance, accounting, marketing, and overall administration of
Reserve Advisors, Inc. He also regularly participates in internal Quality
Control Peer Reviews of Reserve Study reports.
Mr. Poehlmann has authored numerous articles on the topic of Reserve Studies, including Reserve Studies for the First Time Buyer and Reserve Studies Minimize Liability. He has worked with a variety of publications, including the Chicago Tribune, The Milwaukee Journal/Sentinel, Club Executive, Common Ground, and Condo Management. He also co-authored "Reserves", an educational videotape produced by Reserve Advisors on the subject of Reserve Studies. The videotape is available through Reserve Advisors or CAI's website, www.caionline.org. It is also available in all libraries in the State of Virginia.
INDUSTRY SERVICE AWARDS
CAI National Rising Star Award
To an individual whose leadership abilities and professional contributions have earmarked them for even greater accomplishments in the future.
CAI Michigan Chapter Award
"Given to the individual who contributed their time, expertise, and resources toward improving the quality of services offered by the chapter. Mr. Poehlmann was unanimously selected as the winner of the 2002 CAI Michigan Chapter Award."
EDUCATION
University of Wisconsin-Milwaukee - Master of Science - Business Administration
University of Wisconsin - Bachelor of Business Administration
PROFESSIONAL AFFILIATIONS
Community Associations Institute (CAI)
Reserve Committee, founding member
Member of multiple chapters
Reserve Specialist (RS) Designation
Association of Condominium, Townhouse, & Homeowners
Associations (ACTHA)
United Condominium Owners of Michigan (UCOM)