While visions of sugar plums may be dancing through your head this time of year, if you’re sitting on the board of your condominium or co-op it may be time to think about projects a bit further down the road; specifically, projects that are…
The holiday season is well underway, with trees, wreaths, twinkle lights, and all the other festive trimmings coming out of storage and going up in lobbies, hallways, and other common areas. Many co-op and condo residents are also breaking …
In a recent report , building and development consulting firm Construction Coverage looked at the best and worst months to buy a home in different locations throughout the U.S. They found that nationwide, home prices peak in the summer m…
For the first time in many years, interest rate volatility is a factor in the housing market. The long period of low inflation and low-rate stability that characterized equity growth and a seemingly permanently turbo-charged housing market …
Q. In a board meeting, the owner of the management company told the board that I fired the plumbing company. The owner of the plumbing company asked for my name and phone number and the manager gave it to him. Is this legal? …
Q. On March 31, 2020, after calling my HOA, I was given verbal permission to replace my roof, which was leaking. I signed a contract to replace the roof on April 15, 2020. Now the board has sent me a letter with a $500 fine for not gettin…
Q. What is the difference between HOA rules and CCRs? —Not Looking for Creedence A. “In the world of community associations, CCR stands for covenants, conditions, and restrictions,” says senior attorney Scott K. P…
While practical experience may be the best source of education for property managers, a little refresher in the classroom from time to time never hurts. Requirements for continuing property manager education vary from state to state, and ev…
Indoor plumbing is a minor miracle: clean water on demand, at the temperature one chooses, right out of the tap. What would have been the height of luxury just a couple of generations ago is now considered a bare necessity. Miraculous as it…
While many condominium associations and co-op corporations hire professional property managers or management firms to handle the routine (and not-so-routine) tasks involved in running a multifamily building or HOA, a significant number take…