In addition to their boards, common interest communities are governed by a set of foundational documents. In a condominium, those documents are the declaration and bylaws; co-ops also have bylaws, as well as a unique document called a propr…
Living in close quarters can—and often does—lead to conflict. In condo, co-op, and HOA communities, conflict can occur between residents, or between a resident and the board. And to complicate matters, a seemingly isolated conflict between …
Nobel Prize-eschewing poet and folk-rock music legend Bob Dylan might have been the first person to be known as “going electric” (at the Newport Folk Festival in 1965), but as with much of his oeuvre, the world is now following in his foots…
In his 1971 book Future Shock, author Alvin Toffler describes a society undergoing enormous structural change as a result of technological advancements—and the social stress and disorientation that came with that change. A half-century late…
As the push to reduce our carbon emissions and maintain livable conditions intensifies, sustainability has become an increasingly important concern for multifamily buildings—including condos, co-ops, and HOAs. More and more legislation and …
The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…
While nobody will deny the importance of formal education and training, talk to enough professionals across the property management industry, and you’re likely to hear that while school was definitely useful, the experience gained on the jo…
Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…
It’s little surprise to many that the residents of luxury apartment buildings spend less time in their apartments than their less well-off neighbors. Second and even third homes are the reality for many wealthy shareholders and unit owners—…
Like people, buildings come in all shapes and sizes. They can range from single-story garden apartments to multi-story high-rise complexes larger than many small towns. What they have in common is some amount of community space, known as co…