The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…
Q. One owner in our condominium association constantly speeds through the complex. We have posted limits of 15 mph, but this person is consistently driving well beyond that. The board has fined him a couple of times for not abiding by th…
While nobody will deny the importance of formal education and training, talk to enough professionals across the property management industry, and you’re likely to hear that while school was definitely useful, the experience gained on the jo…
When the average American taxpayer (or tax-dodger, one supposes) hears the word “audit,” they’re likely struck with a feeling somewhere between annoyance and terror—usually because being audited means that something has been found amiss in …
Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…
According to a June 14 press release , the National Housing Conference (NHC) in partnership with the Black Homeownership Collaborative has developed a free mortgage affordability calculator to help all home-seekers - particularly those f…
Q. When my husband and I bought our townhouse-style condominium years ago, it seemed pretty accessible, even as we aged. Recently, however, my husband developed a medical problem that requires him to use a wheelchair, and it will be a lon…
According to a recent investigative piece by the Orange County (Florida) Register, Fannie Mae is keeping a secret “blacklist” of condominium, HOA and cooperative properties which the federal agency has decreed that lenders should stay away …
It’s little surprise to many that the residents of luxury apartment buildings spend less time in their apartments than their less well-off neighbors. Second and even third homes are the reality for many wealthy shareholders and unit owners—…
Like people, buildings come in all shapes and sizes. They can range from single-story garden apartments to multi-story high-rise complexes larger than many small towns. What they have in common is some amount of community space, known as co…