With natural disasters causing catastrophic property damages becoming more common, associations must be prepared for unexpected expenses, such as a major roof repair, or the installation of a new heating and cooling system. These major cap…
A cold, wet spring turned quickly into a hot, humid summer rife with thunderstorms and localized flooding. As autumn starts to paint the region’s foliage, community association boards and managers are looking at long-range forecasts and, i…
Any building in New Jersey that is taller than, say, five stories usually has an elevator—and often, new buildings of even three stories have an elevator. If you live in a high rise co-op or condo building on Palisade Avenue in Fort Lee, c…
Every year the cycle repeats itself in numerous co-ops and condo communities from the Gold Coast to the Jersey Shore: as temperatures drop and snow begins to swirl, flocks of empty nesters and others fortunate enough to own a second home i…
With today’s condo and HOA residents much more conscious of their impact on the environment and looking for ways to reduce it, smart boards and property managers are looking to help. Simple tasks like turning down thermostats, shutting off…
There are two ways—and only two ways—to balance a budget: increase revenue or decrease spending. Whether you’re the treasurer of a co-op board or the President of the United States, those are the only two levers at your disposal. Ene…
Property management, in the broadest of terms, is defined as the operation, control and oversight of real estate. Most property managers would agree that definition is just a starting point, however. There are many facets to t…
No one needs to be reminded about the personal loss and devastation that Superstorm Sandy brought to the Jersey Shore in October 2012. Natural disasters like these are on the rise and serve to underscore the importance of having approp…
All professional contractors and service providers are required by law to carry insurance to cover their activities. Any condo building should also carry its own insurance to cover accidents or other incidents on the property—this could…
When you decide to run for a board, you’re usually thinking about all the great changes you’re going to make to your building community, along with all the time and effort that you’re prepared to sacrifice for the good of your home. …