Keeping a building dry is both an interior and exterior challenge. All buildings, regardless of materials and construction, are at risk of water infiltration and moisture build-up in walls, ceilings, window wells and roof materials. This …
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Keeping a building dry is both an interior and exterior challenge. All buildings, regardless of materials and construction, are at risk of water infiltration and moisture build-up in walls, ceilings, window wells and roof materials. This …
Increasing residents’ monthly fees is never popular, but with insurance, labor, materials, utilities, code compliance and other operational costs rising across the board, your building’s cash inflow needs to reflect economic realities in or…
American families are facing a convergence of economic pressures that are redefining what it means to live comfortably. After years of elevated inflation, the cost of essentials, from housing and groceries to transportation and health care,…
We all know that technology is continuously evolving—sometimes faster than the physical and mechanical infrastructure around it. A glaring example of this is intercom systems. They’re standard fare in nearly every apartment building, from t…
Life in a co-op or condominium is shaped by shared spaces, collective decision-making, and a complex web of responsibilities, including having appropriate insurance coverage. This guide explains the essentials of understanding your obligati…
It’s a truism that nothing lasts forever—and that includes management contracts. Shared interest communities change management companies all the time, and for a variety of reasons. Those reasons can range from cost to effectiveness and ever…
There’s no such thing as too much education—and that’s especially true in the realm of multifamily property management. Keeping one’s skills sharp and knowledge base both broad and current is a must for all management professionals, regardl…
In the world of co-ops, condos, and HOAs, management plays a slightly different role than it does in other multifamily residential settings. For example, in many rental buildings, the landlord or property owner often acts as de facto manage…
Over the past few years, nearly all property owners, including shared interest communities, have seen sharp increases in their insurance premiums. That costs have spiraled and coverage gotten harder to obtain is obvious; the questions are, …
As the climate crisis has worsened, governments at the federal, state, and local level have made attempts to legislate solutions. While necessary, that three-pronged approach can often make compliance a complicated process for multifamily b…