The board of any residential community has two prime directives: to maintain the financial health of the association, and to maintain the structural health of the property. Both require a broad array of knowledge — much of which the averag…
While many condominium associations and co-op corporations hire professional property managers or management firms to handle the routine (and not-so-routine) tasks involved in running a multifamily building or HOA, a significant number take…
The COVID-19 pandemic and efforts to control it continue to preoccupy condominium association boards and property managers and challenge their ability to respond to rapidly changing governmental guidelines and requirements. Federal regulati…
The day-to-day life of a property manager—while not quite as predictable as that of, say, an accountant—does revolve around certain cyclical tasks, like building inspections, staff meetings, and keeping boards informed of what is going on w…
The holidays: a time for upholding long-standing traditions, usually involving festive gatherings of family and friends, communal meals, sacred services, gift exchanges, visitors, and, invariably, crowds—until this year, that is. The coro…
When a crisis hits a multifamily community—or any other organization—the difference between a good outcome and a disastrous one is often a matter of simple preparedness. Residential communities in particular need to have a plan in case of a…
It’s become axiomatic that over time, technology gets smaller, more efficient, and more capable of multiple increasingly sophisticated and specialized tasks. Think about your mobile phone. There was a time in the not-so-distant past that it…
The annual meeting of owners or shareholders in multifamily housing associations and cooperatives is a legally mandated opportunity for a community to convene, learn, share, and exercise their essential duty—to vote. The lead-up to the elec…
In Part 1 of “Multifamily Energy Savings Solutions,” we introduced some relatively simple products and processes that individual owners or shareholders can adopt to reduce energy consumption and emissions and to save on their energy costs. …
Even though the world has been contending with COVID-19 and its consequences for nine months and counting, the routines and practices we’ve adopted to prevent its spread and minimize personal risk of infection are still evolving. With new d…