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Management
The New England Condo Expo
In the midst of a chilly New England winter, spring may seem ages away. But
professionals serving the community associations industry are already preparing
to showcase their businesses at the New England Condo Expo in May.
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The Second Annual New England Condo Expo
The second annual New England Condo Expo will showcase over 150 exhibitors from
all over New England when the exciting day-long event returns to the Seaport
World Trade Center at 200 Seaport Boulevard in Boston on Wednesday, May 12,
2010.
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How Am I Doing?
A lot of employers who don’t bother with appraisals decline to do so becausethey are “too busy.” The excuse is that there is always a more productive use of their time. While this is rarely true, as best practices have consistently shown, it is excusable if the job is being done well. But what if it’s not? Read More
Choosing the Right Vendor
There’s always something to do around a condominium or co-op building. There’s landscaping to be done in the spring, summer and fall. A swimming pool adds to summer’s workload, and snow removal is one of winter’s most important chores. Maintaining common areas is a year-round job and can involve cleaning, painting, electrical work and services from general contractors. Read More
100 Years Young
The New England landscape has changed considerably since the first condominiums opened here some four decades ago. Read More
The Board/Management Relationship
Unless they're self-managed, most urban residential buildings employ professional property managers to handle their books, bid out repair jobs, hire contractors and deal with the day-to-day administrative functions that few unit owners or trustees have the time (or desire) to handle themselves. The property manager is a key player in a condo building or HOA's day-to-day functioning. Read More
Striking a Balance
As they gaze across azure seas, past palm trees and swimming pools on a tropical
coastline, prospective buyers on HGTV’s “House Hunters” show always ask about the fees. Unlike most would-be residents, though, they
might not bat an eye at the price tag. Closer to home, savvy home shoppers
watch the trends in condo pricing, and want to ascertain just what they’ll pay monthly, on top of the purchase price. If the bottom line is expensive to
most lookers, then selling those units can become a challenge.
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Hitting the Books
These are hardly the best of times for those who manage community associations,
charged as they are with overseeing financial well-being, maintenance goals,
legal issues and an almost unpredictable kaleidoscope of other daily concerns,
in an economy stressed by many months of lean times.
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Million-Dollar Management
At the vast majority of condominiums, a management company’s duties can be fairly straightforward – maintain the common areas, advise the trustees about operations, and keep
financial documents and other records. But in the rarified atmosphere of $1
million-plus condominium units, the management team takes on an expanded role.
Managers become home service experts, performing a myriad of tasks that are
customized to individual needs. Management becomes such an integral part of the
luxury lifestyle that it’s even touted in the marketing campaigns.
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Big Vs. Boutique
When it comes to property management firms, sometimes bigger is better. And sometimes, small is what you need. And sometimes, as Goldilocks discovered, something somewhere in the middle can be just right. Whether it’s large companies with hundreds of managers or a boutique firm with a handful of staff, when it comes to choosing what type of management firm is right for you there can be pros and cons on both sides of the coin. Read More
