Category: Association Operations

Finance Hands holding auction paddle with bid
2021 October The Bidding Process

One truism of home ownership is that there is always something that needs to be fixed or upgraded. That’s true in condo and co-op communities as well, both large and small. There’s always a roof to replace or a boiler to upgrade, or a lobby…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Maintenance Roof Replacement...or Rejuvenation?
Roof Replacement...or Rejuvenation?

It’s a well-worn truism that even seemingly disparate elements are often connected to each other in unexpected ways. Take your association’s roof, for example. Here in New England, if it’s a pitched roof, most likely its shingles are made o…

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Energy Conservation Q&A: Handling Hoarders
2021 September Q&A: Handling Hoarders

Q. I live in a mid-rise condominium, and my next door neighbor is a hoarder. She frequently leaves her door open and it’s easy to see that there’s a problem. I complained to the building management several times, but nothing has improved.…

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Energy Conservation Green Options to Maximize Your Roof
2021 September Green Options to Maximize Your Roof

On August 9, 2021, the United Nations Intergovernmental Panel on Climate Change (IPCC) released a scathing report detailing the indisputable impacts that human activity have made on the planet—many of them reaching the point of irreversibil…

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Energy Conservation Receiverships & Conservatorships 101
2021 September Receiverships & Conservatorships 101

Between the tragedy of the Surfside condominium collapse in Florida and the subsequent placement of the association in receivership, as well as the flurry of recent press around popstar Britney Spears’s yearslong struggle against her own fi…

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Finance Accrual vs. Cash
2021 July Accrual vs. Cash

The successful financial management of a condo, co-op, or homeowners association relies upon accurate, timely, and consistent financial statements. These statements represent the financial position and results of operations of the associati…

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