Tag: Goodman Shapiro & Lombardi LLC

Finance The Importance of Robust Reserves
2020 February The Importance of Robust Reserves

Saving for a rainy day is a lesson we all learn as children.  As individuals, we put away a little something for that ‘just-in-case’ moment; similarly, co-op corporations and condominium associations must keep reserve accounts, not just for…

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Q&A Q&A: Preserving Privacy
2019 November Q&A: Preserving Privacy

Q. I would like to know if it is legal for board members to share personal and financial information regarding our home in the community with other residents who don’t serve on the board — and some who don’t even own property here, but li…

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Maintenance Funding Your Reserves
2016 November Funding Your Reserves

Bill and Martha Jensen bought a new condominium in Brockton in 1995 and lived there for 19 years. In 2014 they sold the unit to Max and Rita Diaz. A year later, the condominium association’s board of directors voted to replace the building’…

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Board Operations Home-Based Businesses
2016 October Home-Based Businesses

Dana Greco, a therapist specializing in marriage counseling and divorce mediation lived in a comfortable two bedroom co-op on New York’s Upper West Side near Columbia University.  Divorced herself and with grown children, her apartment was …

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Finance Spotting Financial Irregularities
2016 July Spotting Financial Irregularities

While it's pretty much impossible for a condo board, HOA or an employee thereof to commit fraud on the scale of a Bernie Madoff or any one of the greed-driven shysters who have made headlines in recent years, building boards and managers ce…

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Board Operations Choosing an Attorney for Your Association
2016 June Choosing an Attorney for Your Association

Not every condominium or homeowners’ association is going to run afoul of the law—the happy truth is that litigation and legal trouble are relatively rare occurrences. But even the most upstanding board of trustees in New England must navig…

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Management Proper Record-Keeping
2016 May Proper Record-Keeping

Like any company, a multifamily residential community generates a lot of paperwork in the course of doing business, from employment records to tenant records and more. It can be an enormous amount of stuff to manage, and knowing what to kee…

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Management Managing Tough Situations
2016 May Managing Tough Situations

Condos and co-ops are called communities for a reason—families and individuals live side by side with one another, sometimes for years or even decades. Although residents may not exchange much more than a “hello” or “nice day” with their ne…

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