The experience of condo and co-op board members and trustees can often feel like a juggling act. There are varied interests in the community that want different things. There's legal counsel, financial advisers, and managers who try to off…
Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new boiler or that flat, crack-free pavement just poured two summers ago. Eventual…
The experts who advise condo associations on insurance matters admit that the basic policies are pretty standardized and often seem to be all the same. Trustees may tend to gloss over the details and assume that anything important relative…
Given the fact that 20 percent of the country lives in community or “common interest” associations, it’s no surprise that a groundswell of support—and legislative action—has evolved to protect their financial security. A variety of l…
Local real estate professionals contend that the market for condominiums is on a slow and, generally steady, uptick all over New England, but the place to sell a condo right now is definitely Boston, with an inventory that cannot meet dema…
These days, just about everyone is cutting back on spending, either to make ends meet, saving for something special or a rainy day, paying off debt or funding their retirement. Consumers are cutting coupons, looking for deals and keeping a…
The past several years have been a challenge for community associations trying to keep properties looking sharp and running smoothly while battling the forces of a shaky economy. Foreclosures, hurricanes and the relentless effects of time …
As housing markets in many parts of the country—including New England—have foundered, many developers have opted to convert portions of communities originally intended to be condominiums into rental properties. When a development with n…
Q I am the property manager for a medium-sized condo association. There is an owner who is several months behind on their assessment. We have followed the standard protocol of the association of sending out notices and it has reached t…
Fallout and repercussions from the unprecedented bust in the real estate and mortgage industries are still dogging condo associations all over the country. Within community associations, owners continue to default on both fees …