Category: Association Operations

Finance
2020 January Underfunded Reserves

The importance of saving for a rainy day is a lesson we all learn as children. Just like we as individuals should put away a little something for that ‘just-in-case’ moment, co-op corporations and condominium associations must also keep res…

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Management
2020 January Staff Safety 101

With few exceptions, most multifamily buildings or communities have at least one or two staff members (and sometimes many more) who maintain the safety, security, cleanliness, mechanical operations, and day-to-day functions that residents a…

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Management
2020 January Introducing New Security Tech in Your Building

In today’s world of high-tech property management and building security, there are more options than ever for managers and boards to choose from to keep their communities on the cutting edge. There are web- and device-based apps for everyth…

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Management
2020 January The Evolution of Property Management

Like so many other sectors of the economy, residential real estate management has changed and evolved since the turn of the millennium—and like those other sectors, much of that evolution is directly linked to the development and adoption o…

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Insurance
2019 December Insurance Rates to Rise in 2020

Economists often 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 insuran…

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Security
2019 December 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 – often more affordable – accommodation to hotels, mote…

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Maintenance
2019 November Fireplace Safety and Maintenance

Some lucky apartment owners can come home from work on a cold winter’s night and warm their feet by a roaring fire while drinking a hot toddy.  A working fireplace is a coveted amenity for many, adding a dash of vintage charm to prewar apar…

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Maintenance
2019 November Maintaining Air Quality

Anytime you have hundreds, or even thousands of people living in close quarters – in a multifamily co-op or condo building, say – certain challenges will inevitably arise. One of the bigger ones is how to maintain the flow of fresh, hygieni…

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Maintenance
2019 November Elevator Refurbishment

No matter how well-constructed and carefully maintained, no mechanical system lasts forever – and that goes for elevator cabs and equipment just as much as it applies to roofs or boilers.  At some point, your building’s vertical transportat…

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