Page 3 - New England Condominium December 2019

NEWENGLANDCONDO.COM NEW ENGLAND CONDOMINIUM -DECEMBER 2019 3 A Property Management Company You Can Trust At J. Butler Property Management, LLC., we measure our success in terms of client satisfaction and take a long-term view of every relationship. www.jbutlerpropertymgmt.com 978.694.9004 James R. Butler IV Executive Manager • Family owned and managed Massachusetts based property management company • Blends management expertise with open communication between the board, unit owners and managing agent, making for a healthier property • Superior cost cutting strategies and vendor pricing • Community website, work order system, online payments • An in-house maintenance team that is able to reduce costs and offer an unparalleled level of service Yale Robbins Publisher Henry Robbins Executive Vice President Joanna DiPaola Associate Publisher Hannah Fons Senior Editor Darcey Gerstein Associate Editor Pat Gale Associate Editor Shirly Korchak Art Director Anne Anastasi Production Manager Victor Marcos Traffi c Coordinator Alan J. Sidransky Staff Writer Alyce Hill Director of Sales TABLE OF CONTENTS 2019-2020 Round-up and Projection In markets throughout the nation, 2019 was a year of uncertainty, re ecting change in the basic mechanisms of how we view, buy, and sell real estate. at uncertainty extended to all markets, from traditional single-family homes to co-ops and condominiums, to commercial properties—and the same factors that a ected markets in 2019 are expected to continue to reverberate in 2020. PAGE 1 The Illegal Home-Sharing Issue Since their insurgence over the last dozen years, Airbnb, Homeaway/VRBO and other home-sharing sites using a similar model have provided travelers all across the globe with alternative—o en more a ordable—accommoda- tion to hotels, motels, inns, and B&Bs. e home-sharing model certainly has been an economic boon to budget- seeking travelers, locales with weak tourism, and property owners who use the services as an income stream. In many cases, however—particularly in larger cities in the US—renting out one’s home on a short-term basis (typi- cally anything less than 30 days) is actually illegal. PAGE 1 Insurance Rates to Rise in 2020 Economists o en say that markets love consistency. So do condos and HOAs – and they share that preference for stability with another important group: insurance companies. Residential communities seek to keep their costs stable, and insurance companies seek to keep their pro tability high by reducing risk. In the coming year, however, residential communities and insurance companies may nd themselves on a collision course due to these same factors. Premiums – the cost of insurance – are likely going up and by no small amount, as co-ops, condos, and HOAs seek to keep their operating costs down. PAGE 1 Holiday Tipping Etiquette Whether you live in a suburb or in the heart of the city, life is expensive. Sometimes it can feel as though everybody from the barista at your favorite co ee shop to the kid who bags your groceries is trying to nickel- and-dime you half to death. Tip jars are everywhere, sometimes decorated with winsome appeals for change, and sometimes just sitting there expectantly, waiting for you to pony up. PAGE 6 Copyright 2019 by New England Condominium Magazine LLC, dba Community Association Publishing.All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior written permission. New England Condominium is published monthly in New York, New York by New England Condominium Magazine LLC, dba Community Association Publishing, 205 Lexington Ave., 12th Floor, New York, NY 10016. 508-753-4630. ISSN 1550-946X. Periodical postage paid at New York, New York and additional mailing offi ces. Subscriptions are available free by request to condominium and homeowner associations. POSTMASTER: Please send address changes to New England Condominium Magazine, 205 Lexington Avenue, 12th Floor, New York, NY 10016. FREE Subscriptions for Board Members, Trustees, Property Managers and Real Estate Decision Makers. To Subscribe, please visit us at: newenglandcondo.com/subscribe newenglandcondo.com THE CONDO, HOA & CO-OP RESOURCE CONDOMINIUM NEW ENGLAND Industry Pulse/Calendar PAGE 4 Q&A PAGE 5 Marketplace PAGE 10 US POSTAL SERVICE STATEMENT OF OWNERSHIP, MANAGEMENT AND CIRCULATION (REQUIRED BY 39 U.S.C. 3685) 1. Publication Title: New England Condominium. 2. Publication Number: 1550-946. 3. Date of Filing: 11/14/19 4. Issue Frequency: Monthly. 5. Number of Issues Published Annually: 12. 6. Annual Subscription Price: $0. 7. Complete Mailing Address of Known Offi ce of Publication: 205 Lexington Avenue, 12th Floor, New York, NY 10016. 8. Complete Mailing Address of the General Headquarters or General Business Offi ces of Publisher: Same. 9. Full Names and Complete Mailing Addresses of Publisher: Yale Robbins, Publisher, Same; Henry Robbins, Executive Vice President; Joanna DiPaola, Associate Publisher, Same; Hannah Fons, Executive Editor, Same; 10. Owner: Yale Robbins Publications, LLC, Yale Robbins, President, Same and Henry Robbins, Executive Vice President, Same. 11. Known Bondholders, Mortgages and Other Security Holders Holding 1 Percent or More of Total Amount of Bonds, Mortgages or other Securities: None. 12. N/A 13. New England Condominium. 14. Issue Date for Circulation Data: October 2019 15. Extent and Nature of Circulation: Average Number of Copies Each Issue During Preceding 12 Months: 7,506. A. Total Number of Copies: 7,506. B1: Paid/Requested Outside-County Mail Subscription: 7,312. C. Total Paid Distribution: 0. D. Free Distribution by Mail: 50. D1: Outside County: 0. D2: In-County: 0. D3: Other Classes Mailed through the USPS: 40. D4: Free Distribution Outside the Mail: 110. E. Total Free Distribution: 150. F. Total Distribution 7,462. G. Copies Not Distributed: 44. H. Total: 7,506. I. Percent Paid and/or Requested Circulation: 97% 16. Electronic Copy Circulaton: N/A. 17. Publication of Statement of Ownership for a Requester Publication will be published in the February 2019 issue of this publication. Joanna DiPaola, Associate Publisher.