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 …
Taking care of a condo, co-op or HOA’s budget and finances is a big job. Handling such large sums of money is an important responsibility, and not every unit owner or shareholder has the expertise to do the job well. Sure, most people know …
Few things can be as upsetting as discovering that the funds that fuel a co-op or condo have been mishandled—or worse yet, stolen. For residents, fraud undermines their sense of trust in the men and women who oversee and manage the place th…
All you have to do is turn on the TV these days to know how popular kitchen and bathroom renovations have become. Backsplashes, stainless steel appliances, subway tiles, granite countertops, glass-enclosed showers, soaking tubs—the list of …
In town and city government, elected officials and committee volunteers are duty-bound and legally required to maintain open meetings and treat every line item of taxpayer funds as public information. Condominium communities, and the way th…
Infighting: The thought of it in a condo community makes everyone cringe, from residents to board of trustee members to property managers. It also puts those involved in an awkward position. Although it isn’t a common occurrence, thankfull…
Businesses today wrestle remaining competitive in a tight market, and the property management field is no exception. “There are more companies now, and they are offering low prices which makes it very competitive,” says Marian Servidio, a…
A condominium or a homeowners association is the cornerstone of a building community. The condo or HOA maintains order and continuity by preserving architectural integrity, maintaining the common elements, protecting property values, and o…
Articles in this publication, seminars like those offered at the New England Condo Expo, and, of course, television news broadcasts, often focus on problems that face condo associations—legal issues, maintenance concerns, special assessmen…
One person’s music can be a neighbor’s menace. When people live in close proximity (think of your college roommate) there’s the possibility of noise as an issue. The closer the living quarters, the greater the potential for problems. Homes…