Category: Finance

Finance Summertime Safety
2009 July Summertime Safety

 Ah, summertime! It’s a great time for property managers to kick back and relax! Except for that  out-of-control grill fire on the deck of unit 31 that nearly jumped to adjacent  units. And that pesky 13-year-old who broke his finger durin…

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Finance Managing Your Reserve Fund
2009 July Managing Your Reserve Fund

In today's harsh economic times, maintaining a healthy reserve fund is more important than ever. A community association’s reserve fund can be used to cover any number of emergency expenses from sudden repairs to legal costs. In additio…

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Finance Selling the Increase
2009 July Selling the Increase

When these decisions have to be made, boards must consider the best way to include residents in their thought process. And when the board of trustees comes to the conclusion that fees must be raised, hopefully they’ll announce it in a m…

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Finance How Low Can You Go?
2009 July How Low Can You Go?

Bad economic news is pretty much inescapable these days. You can’t turn on the TV without hearing about another round of layoffs or shaky consumer confidence. The stock market is unstable, retirement funds are shedding value, the housin…

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Finance Drafting a Budget in Uncertain Times
2009 July Drafting a Budget in Uncertain Times

Even in the best of economic times, preparing a condominium's annual budget is a tiresome task, fraught with uncertainty, estimations and shifting numbers. Now, factor in one of the most challenging economic downturns in a century with …

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Finance Financial Issues
2008 July Financial Issues

Any manager or trustee who has been around for at least three years has noticed the recent sharp turn in the real estate marketplace—from red hot in 2005 to ice cold in 2008. How could that have happened? What are the politicians saying …

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Finance Newbury Port
2008 July Newbury Port

When the city of Newburyport incorporated in 1764, it encompassed less than 10 square miles and had a population of about 3,000 people. Today, the city still covers less than ten square miles and has a population of fewer than 18,000 res…

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Finance Time for a Getaway?
2008 July Time for a Getaway?

Looking for miles across tree-covered mountains and valleys. Heading up the slopes for a bracing day of skiing. Buyers who have long entertained dreams of finding that ideal New England vacation home are discovering some great opportunit…

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Finance Preparing the Annual Budget
2008 July Preparing the Annual Budget

Maybe it’s not as annoying as that trip to the dentist, but the annual budget comes around every year just like that dental appointment. And the budget process, say trustees, officers and accountants who are charged with completing it, d…

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Finance Behind in Reserves
2008 July Behind in Reserves

The Harbor Towers, a pair of 40-story residential buildings designed in part by noted architect I.M. Pei, offer some of the most exquisite views of the Boston harborfront and skyline. Once out of place in what was a district of warehouse…

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