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 a…
If there’s one constant in the property management industry, it’s that there is no constant in the property management industry. Every day, every week, is different. There’s never a dull moment; it’s always challenging. And the …
One of the biggest issues in the real estate industry over the past year has been the speculation that government-sponsored mortgage programs Fannie Mae and Freddie Mac will be ending. For the past 70 years, Fannie Mae and Freddie Mac …
Turn on the evening news, and you’ll get a good idea of the main topic on the minds of community association professionals as calendars flip to a new year: It’s all about the money. Like it or not, financial considerations affe…
Management companies are hired by boards to oversee operations because there are simply too many moving parts for volunteers to handle. To this end, it’s the board’s responsibility to do its due diligence and select the best fit and ente…
Q I am the president of our condo association and I am in favor of creating reserve funding. Over the last 40 some years, our residents have voted down the establishment of a reserve. I would like to recommend to the owners a general p…
A proposal to ban federal lenders from purchasing mortgages in condos with deed-based transfer fees has been drastically scaled back following intense lobbying against the rule by community associations around the country. The p…
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 dayswhen amusement parks were focused on leisure rather than heart-stopping rides, features like halls of mirrors, fun houses and animated fortune tellers were standard fare. Drop a coin in the slot, and the mechanical prognosticator…
A proposal to ban federal lenders from purchasing mortgages in condos with deed-based transfer fees has community association leaders worried the ruling would lead to diminished operating budgets and severe disruption of the condo mark…