Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…
When the average American taxpayer (or tax-dodger, one supposes) hears the word “audit,” they’re likely struck with a feeling somewhere between annoyance and terror—usually because being audited means that something has been found amiss in …
Q. One owner in our condominium association constantly speeds through the complex. We have posted limits of 15 mph, but this person is consistently driving well beyond that. The board has fined him a couple of times for not abiding by th…
We all hope for good neighbors when we move into a new building or community. The same is true for commercial properties in residential buildings. Making a good match, one that benefits both the commercial tenants and unit owners, can go a …
Q. I’m sure this is a problem in many condominium communities. It’s the age-old dispute of noisy neighbors and how to get a satisfactory resolution. By way of background, I live in a three-floor, four-room, 30-unit condominium. The commun…
Being on the board of a co-op or condo is a big responsibility— one that shouldn’t be taken lightly. While some people may run for a board seat just to have the title, they need to be prepared to govern fairly and make decisions that are i…
Today more ways to communicate exist than ever before: Cell phones, email, social networking sites such as Facebook, blogs, video call systems like Skype, online chat forums, microblogging services such as Twitter, websites, and virtual in…
One person’s music can be a neighbor’s menace. When people live in close proximity (think of your college roommate) there’s the possibility of noise as an issue. The closer the living quarters, the greater the potential for problems. Homes…
Articles in this publication, seminars like those offered at the New England Condo Expo, and, of course, television news broadcasts, often focus on problems that face condo associations—legal issues, maintenance concerns, special assessmen…
Whether we rent, own a single family home, or have purchased a condominium, the nagging question is always, “Who’s going to take care of this mess, problem or situation?” For condominium unit owners, the answer to that question varies. …