Questions to our firm about how homeowner and condominium associations should respond to the coronavirus (COVID-19) epidemic have come in waves. When news of the virus broke, we were asked by HOAs and condos how to keep homeowners safe. (S…
Insurance is cyclical; there are hard markets and soft markets, and insurance companies typically make money in two ways: underwriting profit, and investment income. When the market is soft, insurance companies are looking for market share,…
With few exceptions, most multifamily buildings or communities have at least one or two staff members (and sometimes many more) who maintain the safety, security, cleanliness, mechanical operations, and day-to-day functions that residents a…
Like so many other sectors of the economy, residential real estate management has changed and evolved since the turn of the millennium—and like those other sectors, much of that evolution is directly linked to the development and adoption o…
On March 11, 2020, the World Health Organization (WHO) declared the coronavirus outbreak a global pandemic. Here in the US, the Centers for Disease Control (CDC) has detailed recommendations for individual preparation and response to the ou…
Editor's Note: To help prevent the spread of COVID-19 in your building or association, procedures and supplies should be in place to encourage proper personal hygiene, as well as routine cleaning and disinfection of high-risk locations. T…
The COVID-19 pandemic has brought unique and challenging situations to each of us. Our cooperative and condominium clients, and their managing agents, have been working diligently to keep pace as this crisis unfolds. First and foremost, we …
As you can imagine, our office has been inundated with calls and emails concerning proper protocol should a resident or a tenant in a building either contract or be exposed to someone who has tested positive for the coronavirus. This raises…
Any time you have hundreds or even thousands of people living in close quarters – in a multifamily co-op or condo building, say – certain challenges inevitably will arise. One of the bigger ones is how to maintain the flow of fresh, hygieni…
Planning for a rainy day is pretty easy. Have an extra umbrella handy or a waterproof coat, and you’re probably fine. Planning for the rainiest day ever, on the other hand, is significantly more daunting. Especially if during that day there…