Co-ops and condos routinely undertake major capital projects to improve and update their physical plant with the hopes of both increasing value and cutting expenses. But how about more modest programs to save money in areas that are often o…
Energy costs are a major component in any housing environment, and one of the main areas where boards and managers look at to optimize efficiency and save money. One already popular — and growing — alternative to fossil fuels is solar energ…
Most of us rarely think twice before tossing a banana peel into the garbage can. Which is fine! Anything from a deflated bike to an old boot can usually be thrown in the trash without a second thought. But there are some items that must be …
The board of a condominium, cooperative, or homeowners’ association literally exists to serve, and to represent residents’ best interests in the day-to-day business of the association. The relationship between the owner/shareholder and the …
One of the unique things that sets co-op, condo and HOA living apart from living in a single-family home, or even a rental, is the buyer’s choice to live in a community-within-a-community. By purchasing a unit in a particular building or de…
There’s an old adage that ‘insurance is for pessimists’ — but that’s very much not the case. In the world of home ownership, and especially in shared communities, proper insurance is a critical factor in protecting not only your most import…
Insurance can seem like a mundane administrative afterthought — right up to the moment you need coverage. In a community association, just because a responsible board handles the lion’s share of maintaining the policy covering common areas …
While most of us make do with just the one home, some are lucky enough to be able to escape less-than-favorable weather for second (or even third) homes in greener pastures. But while these fortunate folks winter in, say, the Florida Keys, …
Whether it’s a renovation, an emergency repair, or anything in-between, condos, cooperatives, and homeowners’ associations are rarely not spending money on something. And while they may have reserves on hand to pay for its latest project, m…
There is a natural inclination in business to work with those whom you know and trust. Relying on relationships that have developed over time is just a common-sense way to ensure a fair deal from a competent vendor who will perform their jo…