2020 February
Focus on... Board Relationships

Board Operations
2020 February Condominium Owner Evictions

If a rental tenant defaults, persists in violating rules, or breaks the law, they can be evicted from their unit. It can certainly be a drawn-out, acrimonious process, but it’s more or less routine. While much more rare – and more complicat…

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Board Operations
2020 February Managing Conflict

One of the unique aspects of life in a co-op or condo is that a building or HOA is in many ways a microcosm of the larger world outside. It can suffer from the same factionalism and partisan bickering as any political entity, only on a much…

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Insurance
2020 February Parsing the Insurance Market

Insurance is cyclical; there are hard markets and soft markets, and insurance companies typically make money in two ways: underwriting profit, and investment income. When the market is soft, insurance companies are looking for market share,…

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Finance
2020 February The Importance of Robust Reserves

Saving for a rainy day is a lesson we all learn as children.  As individuals, we put away a little something for that ‘just-in-case’ moment; similarly, co-op corporations and condominium associations must keep reserve accounts, not just for…

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Finance
2020 February Maintenance Fee Increases

In life two things are assured: death and taxes.  In condo and HOA life, there’s a third constant: annual increases to maintenance or common charges – but many shareholders and owners question why this is the case.  In times of relative sta…

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Q&A
2020 February Q&A: Are Volunteers the Answer?

Q. Our board president said that her husband was qualified to perform gutter and minor roof repairs at our community, and would do the work for free. He is not licensed or insured, yet the other board members agreed to use her husband to …

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