As summer thunderstorms buffet condo properties throughout New England, less-than weather-tight windows, doors, and roofs may begin to make themselves known. And though condo boards never enjoy addressing the perennial problem of weath…
Budgets and financial reports provide a crystal-clear picture of how the association is doing. From an investment perspective, they show how unit owners, managers, tenants, building owners, board of trustees, etc., whether the property…
Looking at the balance in an association’s reserve account, a homeowner could easily feel complacent. After all, a quarter-million dollars is a lot of money. Maybe—or maybe not. If the condominium comprises 200 units, is nearin…
Think about this: Nearly two million American workers report having been victims of workplace violence each year and, in the United States, fraud committed by employees costs companies approximately $20 billion annually. Workplace theft…
Every property manager and association board has to deal with employees. Whether the staff is a handful of part-time workers or a more extensive workforce, employee management is essential to a happy, productive building. Let’s…
By and large, a board and management company can expect payment from residents for monthly fees to be received on time and in full. These all-important funds keep day-to-day operations moving forward without delay. There are situations,…
Unless someone strenuously objects, I‘d like to start an argument. When it comes to sustainability and the “green” theme, condominiums and HOAs don’t get no respect. The primary focus of the U.S. Green Building Council and its L…
Insurance sounds like a simple concept: you pay a premium to your insurer, and then when you file a claim, your insurer pays you. Simple. Insuring a condominium or association property shouldn’t be much different than insuring yourself—…
Part of the job of a condo board is to keep your association’s grounds or lawn looking healthy and attractive. After all, curb appeal can do wonders when it comes to appraisals and even the morale of your community members. But most con…