A lot of people buy condominiums because they never want to have to mow a lawn or shovel snow again. But eight owners of University Park Lofts in Worcester, Massachusetts, had no choice after the developer at the mostly-vacant 37-unit …
In today’s difficult economy, more and more homeowner associations are facing the prospect of dealing with some form of distress. Whether it’s physical distress from lack of funding for repairs or financial distress from foreclosures an…
Self-managed condominiums are a puzzle to many, especially considering that one major driving force for purchasing a condominium is to offload countless common home ownership responsibilities to someone else. A community that assumes the s…
At the vast majority of condominiums, a management company’s duties can be fairly straightforward – maintain the common areas, advise the trustees about operations, and keep financial documents and other records. But in the rarified atmo…
The second annual New England Condo Expo will showcase over 150 exhibitors from all over New England when the exciting day-long event returns to the Seaport World Trade Center at 200 Seaport Boulevard in Boston on Wednesday, May 12, 20…
A property manager’s day often begins at daybreak with a flood of messages and continues at a frenetic pace until evening board meetings. But no two days are alike; each day poses a new challenge. Managers must respond to emai…
The roller-coaster ride labeled “2008” is over at last. But will its replacement be just as wild? Or are we in for a calmer time in 2009? It’s impossible to know what lies ahead, though any number of “experts” will offer forecasts rangi…
The old adage is that it takes a village to raise a child. Think about that—it takes many people, working together, to do what’s right for just one child. It’s about teamwork. The same philosophy can be applied to running a successfu…
When it comes to property management firms, sometimes bigger is better. And sometimes, small is what you need. And sometimes, as Goldilocks discovered, something somewhere in the middle can be just right. Whether it’s large companies wi…
At almost any job, whether it involves running a multinational investment firm or flipping burgers at a chain restaurant, employees are given periodic reviews of their performance. Common elements of all reviews are that they assess how th…