Q. I know that these days more and more work is being done remotely, rather than in person, but is it legal for that trend to apply to association board meetings and decisions, too? It seems that our board is meeting less and less often, …
The unique charm of historic properties—both inside and out—is a key draw for many condo and co-op buyers. Exterior ornamentation, ornate brickwork and moldings, inlaid flooring and other vintage features create exactly the kind of ambience…
For most people, their home represents their single biggest investment. And in a multifamily building or homeowners association, both individual units and the entirety of the building or development are part of that investment. In light of …
It’s been a dramatic few years for the condo and co-op market, swinging from red-hot to rather difficult, with most regions nationwide feeling at least some of the effects. Some of the factors underlying the shifts are rooted in pre-pandemi…
On March 2, the US Treasury Department announced via press release that not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act (C…
Q. Given the recent disasters on both the East and West Coasts, from flooding to fires, it seems obvious that property insurance is important. But it’s also getting very expensive. Owners who have mortgages are required by their banks to …
One of the certainties of living in a condo, co-op, or HOA is that despite all having an equal stake in the financial and administrative success of the building or association, only a small percentage of residents choose to take an active r…
The term ‘diversity’ encompasses an expansive range of demographics within a population, from ethnicity, age, gender and orientation, ability, religion, and socioeconomic status to culture, language, and personal lived experience. These fac…
In multifamily communities, transparent and open communication helps ensure smooth operations and leads to greater resident satisfaction. When it comes to property management, both traditional and more tech-savvy communication approaches,…
Q. I live in a condo complex in Rhode Island. I only receive a financial statement once a year. I would like a monthly expense sheet and income tax return sent to me. The management company and the treasurer have not answered me. Is there…