Page 3 - New England Condominium January 2022

NEWENGLANDCONDO.COM
NEW ENGLAND CONDOMINIUM
-JANUARY 2022
3
Management Contracts 101 ........1
There are elements of board service that can vex even the most committed, most intrepid Co-op and condo communities come in all shapes, sizes, and configurations. They range
volunteer—and negotiating a building’s management contract is probably at the top of from three-unit, wood-frame houses to high-rise apartment buildings containing hun-
that list. Vexing or not, however, the extent and quality of services available to your build- dreds of units, to sprawling townhouse communities in park-like settings. Like these
ing community hinges on what’s in that contract; managers and management companies communities, firms specializing in their management and operation can be large or small,
are obligated to provide what’s agreed upon in it—nothing more, nothing less.
The State of the Management Nation......1
Like just about every other occupation on the planet, property management has been
profoundly altered by the coronavirus pandemic and the changes it’s brought to society
at large, with many of the challenges and stressors we’ve all had to face hitting residential
management industry professionals especially hard.
What Size Management Company Is Best? ........1
generalist or boutique.
‘Pandemic Pets’ in Multifamily Communities..6
The coronavirus crisis has forced many unwelcome changes on households around the
world—but it has also allowed or inspired some to make lifestyle choices that were
impractical or otherwise out of reach before. One such choice has been to acquire a pet.
With travel restricted, and working and schooling largely happening at home, house-
holds across the country decided that if there was ever a time to add a furry (or feath-
ered, or scaly) friend to the family, this was it.
Yale Robbins
Publisher
Henry Robbins
Executive Vice President
Joanna DiPaola
Associate Publisher
Hannah Fons
Managing Editor
Darcey Gerstein
Associate Editor
Pat Gale
Associate Editor
Shirly Korchak
Art Director
Anne Anastasi
Production Manager
Alan J. Sidransky
Staff Writer
Alyce Hill
Director of Sales
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TABLE OF CONTENTS
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Pulse...... 4
Q&A...... 5
Marketplace...... 10