Category: Association Operations

Maintenance Up on the Rooftop
2004 Mar Up on the Rooftop

Everyone needs a good roof over their head. And when you run a condo or co-op community, you're responsible for dozens or perhaps hundreds of people having one. With so many people to please and the increased complexity of roofing an ent…

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Design A Kitchen Fit for A King
2004 Jan A Kitchen Fit for A King

Your kitchen—It's the hearth, the center of your home. You eat there, you drink there, you prepare meals, and even midnight snacks there. It is a gathering place for family and friends and where many of the rituals of daily life occur. …

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Finance Preventive Legal Maintenance
2004 Jan Preventive Legal Maintenance

There is a common misconception that legal costs are fixed and that lawyers should be treated differently than other vendors who are subject to the rules and requirements of a competitive bid process. Not so, says James A. Judge, Esq., a…

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Finance A Closer Look at Capital Reserve Studies
2004 Jan A Closer Look at Capital Reserve Studies

Running a condo or co-op association is a lot like owning your own home, but on a much larger scale. Like with any home, needs for various repairs come up from time to time. But unlike an individual homeowner, development managers c…

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Finance Warranties for Capital Improvements
2004 Jan Warranties for Capital Improvements

When we think of product warranties, most of us think of the standard green registration cards that are found inside the box with the product alongside the operating instructions. We can register our new purchase by filling out the card …

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Finance Deciphering Your HOA's Finances
2004 Jan Deciphering Your HOA's Finances

It was comedian Jackie Mason who said," I have enough money to last me the rest of my life—unless I buy something." Mason was making a joke, but if your homeowners association isn't adept at managing its books, it might also be an unplea…

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Security Concept of house technology system with wireless centralized control. Young woman sit on the sofa holding smartphone. Vector illustration in a flat style
Smart Tech & Privacy Protection

According to a recent poll of 1,000 consumers conducted by telecommunications company Frontier, p rivacy concerns around smart home tech devices are on the rise. Sixty percent of respondents to the poll reported being “very” or “extremel…

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Design painter man with roller brush and piggy bank, isolated on white, saving concept
Budgeting For Design

As Budgeting Season approaches for co-op and condo communities, it’s time for the boards of associations and corporations to consider how they will cover expenses and fund projects in the coming year and beyond. While recurring operating ex…

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Finance Piggy bank and borrow grunge concept
Co-op & Condo Financing

Aging is expensive—and that goes double for residential buildings. Exterior deterioration is inevitable, mechanical systems do not last forever, and everyday foot traffic and wear take their toll on even the sturdiest structures. For many c…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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