There’s probably not a condo, HOA or co-op board of trustees that doesn’t worry about money at some point or another, which is why staying on top of the latest money-saving opportunities is vital for any building or community to be success…
Ah, the “dog days” of August—ideal for lounging around the pool, hop-scotching from air-conditioned home to air-conditioned stores and offices, or slipping away for a revitalizing vacation. Unless, of course, you happen to be a community a…
The experts who advise condo associations on insurance matters admit that the basic policies are pretty standardized and often seem to be all the same. Trustees may tend to gloss over the details and assume that anything important relative…
Ahhh, lawsuits. People suing people. Companies suing companies. People suing companies. Residents suing boards. A quick surf of the Internet and you can find many instances across the country where condo boards are sued. You can also find …
Flood” might as well be synonymous with “dread.” Or “mess.” Or “insurance hassle.” Think back to the devastating footage after Hurricane Sandy, and you may have a number of questions about flood zones and flood insurance. Knowing the…
A decorous, welcoming lobby in a high- or mid-rise condominium entices interested buyers to purchase, and it encourages current residents to interact more socially. The entrance area has also customarily been the hub for the day-to-day lif…
Embezzling occurs so rarely among New England condominium associations, that when a well-respected manager, trustee or contractor is caught pocketing a community’s funds, everyone affected is likely to be ill-prepared for the consequences.…
As the 2012 federal legislative fiasco over the debt ceiling—as well as any number of other spending bills proposed since then—demonstrated, balancing a budget can be like pulling teeth. Balancing a condo or HOA community's budget can some…
Preparing the annual budget is by no means an easy task. Those charged with preparing condominium or HOA budgets will soon begin reviewing costs, gathering data and projecting expenses for the coming year. At some point, board of trustee m…
Of all the responsibilities that come with being a board member or manager of a residential building, few are as important as ensuring the safety of your residents. Making and clearly communicating emergency plans, marking entrance/egress …