Being elected to the board of a co-op or a condo comes with a great deal of power, and with that power also comes a great deal of responsibility. Whether they serve a co-op or condo community, trustees and board members, in their posit…
This past year, many condominium associations enjoyed a double dose of good fortune: a milder winter with less snow removal and salting, resulting in a little extra money left in the coffers by spring. The question then becomes: What t…
Fallout and repercussions from the unprecedented bust in the real estate and mortgage industries are still dogging condo associations all over the country. Within community associations, owners continue to default on both fees …
Board members and trustees are volunteers with many responsibilities. They devote time to their association, act as a governing body for the condo and have the powers to control what is permitted to take place and not take place. It’s …
It is one of life’s eternal questions: is it possible to have too much of a good thing? That question certainly can apply to the matter of long-serving board members, those individuals who get elected and re-elected term after term. And…
Susan Jones wants to join the board of trustees. She’s been a unit owner for a few years and really believes that she can make a difference to the association. When it comes to co-op and condo boards, many members join because they have…
It can be easy for seasoned, veteran board members to recall both the excitement and challenge of being elected to the post. For many, the first weeks and months are a daunting experience requiring a learning curve that is not always e…
Q I have a bit of a tricky issue. I am the trustee of a self-managed triple-decker condo in Jamaica Plain, Massachusetts. The owner of the second floor has become ill and as a result, has not been at home, and consequently has not paid …
Whether you are dipping your toe in the real-estate buying pool for the first time, or you’re soaking in it after purchasing numerous properties, the Institute of Real Estate Management (IREM) is an organization to take note of. …
Trick or treat! It’s that time of year when pumpkins are picked and decorated, costumes are chosen and all the children in the association are anxiously waiting for Halloween. But for the association, this is also a time of concern as c…