Category: Association Operations

The vast majority of co-op and condominium boards are well intentioned and work diligently with their management and accountants to draft and monitor their annual budgets—and recalibrate them as necessary. Despite their best efforts to keep…

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…

“It looks like a photo from a magazine!” is the exclamation many a manager, broker, potential buyer and board president have made upon stepping into an otherwise generic lobby and seeing a new, eye-popping floral arrangement brightening up …

Exterior maintenance and repair are some of the most extensive—and expensive—work that a condo, HOA, or co-op will undertake; they’re also unavoidable. So when planning such projects, two important factors should be considered: The first is…

Last spring, amidst the panic and confusion of the burgeoning pandemic, condominium, co-op, and HOA communities were faced with the difficult task of deciding what to do about their shared gyms, pools, clubhouses. Almost universally, these …

The day-to-day life of a property manager—while not quite as predictable as that of, say, an accountant—does revolve around certain cyclical tasks, like building inspections, staff meetings, and keeping boards informed of what is going on w…

One of the revelations during the early months of the pandemic were photos from all over the globe of clear skies over cities that were normally hazed in by pollution. What a difference a few million less cars made. In October 2020, Governo…

With 2020 finally behind us, co-op shareholders and condominium owners are looking forward - and their boards are seeking to make improvements and changes that reflect both the crises of the past year and issues put on hold as the pandemic …

When purchasing a residence in a condominium, homeowners association or a co-op, you by default agree to reside in a community association. You live in relatively close proximity to your neighbors and equally share the right to utilize comm…

Despite the best intentions of board members, residents, and even managers, co-op and condominium properties don’t always run like well-tuned machines. Sometimes they hit a bump in the road...and sometimes they break down completely. The re…