Category: Finance

Finance Show Me the Money
2016 July Show Me the Money

The first of the month rolls around and it’s time to pay the monthly dues that keep the building operational. Repairs might need to be made, maintenance done, bills paid to keep all the common elements running and those dues make it all hap…

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Finance Financial Record-Keeping
2016 July Financial Record-Keeping

Whether your community is a condo, HOA, or co-op, proper record-keeping is the difference between a healthy property and one headed toward peril. And while meeting minutes and election results require well-organized documentation, records s…

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Finance Planning for the Future
2015 October Planning for the Future

The experience of condo and co-op board members and trustees can often feel like a juggling act. There are varied interests in the community that want different things. There's legal counsel, financial advisers, and managers who try to off…

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Finance Amenities Need or Burden?
2015 July Amenities Need or Burden?

The amenities found at New England’s condominium communities can run the gamut from glamorous to the merely mundane. Some of the larger communities are virtual resorts with enough real estate—and revenue—to offer riding stables, golf cours…

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Finance Don’t Raid the Cookie Jar
2015 July Don’t Raid the Cookie Jar

Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new boiler or that flat, crack-free pavement just poured two summers ago. Eventual…

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Finance Dealing with Code Violations
2015 July Dealing with Code Violations

Remember that “better to be safe than sorry” adage? It applies to condo associations with regard to building code violations. Not only does it apply, it’s an understatement. No association wants to or intends to violate building code…

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Finance Money Talks
2015 July Money Talks

Imagine sitting down with your significant other to pay the monthly bills. You both put your checks into a joint account and know how much there is to take care of expenses, or so you think. Out of his wallet your husband pulls out receipt…

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Finance The Good, the Bad and the Ugly
2014 September The Good, the Bad and the Ugly

While natural disasters causing catastrophic property damages are on the rise, associations also have to be prepared for other unexpected pitfalls such as a roof repair and replacement project or the installation of a new heating and cooli…

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Finance Energy Saving Incentives
2014 September Energy Saving Incentives

Saving energy: it’s good for the environment and it’s good for your wallet. Researching your options can be overwhelming, though, because there’s a lot of information out there on clean energy, incentives, and paybacks. Where’s a con…

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Finance Financial Firestorms
2014 July Financial Firestorms

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.…

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