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Category: Association Operations

Finance
2020 September Tapping Reserves in a Time of Financial Crisis

It’s a question we’re asked all the time: “Can we use reserves to cover an operating fund shortfall?” Under normal circumstances, our standard response would be an emphatic “No!”—because reserves are for major repair and replacement project…

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Energy Conservation
2020 September A Change in the Air

While pockets of disagreement still linger in some quarters, climate change—and the science explaining it—is very real. And while fluctuations in seasonal weather are normal, the general trend toward a hotter planet is clear, evidenced by m…

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Energy Conservation
2020 September Multifamily Energy Saving Solutions

Whether you reside in, manage, or serve on the board of a condo, co-op, or HOA, examining your building’s energy efficiency from top to bottom, inside and out, will have enormous implications for individual and communal costs, energy conser…

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Maintenance
Signs of Structural Damage

Every municipality has its own schedule and criteria for exterior building inspections and upkeep - but in between official visits, boards, managers, and association staff can and should keep an eye out for some of the telltale signs of str…

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Insurance
2020 August Insurance Coverage vs. COVID-19

By its very definition, insurance coverage is planned protection against both the expected and the unexpected. Life insurance clearly provides financial security in the event of death, which of course is an eventual certainty. But at the sa…

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Finance
2020 July The Price is…Right?

Even before the COVID-19 crisis hit, the question of where real estate values were going was the elephant lurking in the corner of the room. Some submarkets (like Boston, for example) were strong—and getting stronger. Others (like New York …

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Finance
2020 July Budgeting in a Changed Landscape

Each year, boards are tasked with figuring out the costs associated with all aspects of their community’s operations, including any capital repairs or improvements they plan to undertake in the coming fiscal year, and then making sure the r…

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Finance
2020 July Coping with Cash Flow Problems

Among the many realities made visible (or more visible) by the COVID-19 crisis is the domino theory: when one falls, the others follow. Conceived (and largely disproven) as a political metaphor, the notion has proven more useful when applie…

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Finance
Tapping Reserves in a Time of Financial Crisis

It’s a question we’re asked all the time: "Can we use reserves to cover an operating fund shortfall?" Under normal circumstances, our standard response would be an emphatic “No!” -- because reserves are for major repair and replacement proj…

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