Most homeowners love the idea of having a swimming pool, athletic court or health club as part of their association's grounds because it adds value to their property and it gives them something fun to do throughout the year. But HOAs tha…
A condo or co-op development is a community, but it's also a business. And like anyone else who runs a business, an association or board needs to protect itself with the right insurance. If someone slips in the community room and gets in…
In 1997, a racially mixed couple wanted to sublet a co-op apartment at the Beekman Hill House Apartments in New York City. Nicholas A. Biondi, then-president of the Beekman Association's board of directors, refused to approve the couple'…
Living in a co-op or condo means shedding many of the worries that come with renting or owning a single-family home. There are no worries over mowing the lawn or fixing that crack in the driveway. The doorman looks after your packages an…
It's a long-held truism that, when considering any major purchase, it's up to the consumer to be informed—to do his or her homework before signing on the dotted line. The phrase caveat emptor loosely translates to "Buyer Beware," and whi…
It's a point of pride for many Northern New Jerseyans that their part of the state was home to some of the most compelling chapters in American history, industry, and social change. Of the many small cities with a deep connection to that…
David Allen Stockman, former director of the U.S. Office of Management and Budget, may have had the federal budget in mind when he said that, "None of us really understands what's going on with all of these numbers." But he might just as…
In any business, much of the decision-making process is based on the bottom line—is there more money coming in or going out? How do this year's profits compare with last year's? Are we getting the best deals from suppliers and vendors? …
In the archives of sound financial advice, saving for a rainy day is a titan, right up there with never bet your last dollar on a horse race, or any other sage old saying. For the good health of any organization, having enough cash in re…
Most homeowners love complaining about their property tax bills almost as much as they despise paying them. The issue is always on the minds of New Jersey's homeowners, and has been for some time. New Jersey has been studying property …