For a crystal-clear picture of how an association is doing, there are few better lenses than the community's budgets and financial reports. From an investment perspective, they show the shareholders, managers, tenants, owners, and board…
Money is a topic people are often skittish about discussing—especially when the discussion involves rising fees, or having to pay more money for something. When you’re a board member or the property manager of a condo building or residen…
With harsh winters and blistering hot summers, those living in New Jersey co-ops, condos and HOAs understand the importance of properly working heating, ventilation, and air conditioning (HVAC) systems. That’s why it’s importa…
With spring around the corner, many co-op and condo boards and HOAs start thinking about giving their landscaping design a fresh new look but they want to keep it within their budgets. How can this be accomplished? Some common sense qu…
Insurance is a relatively simple concept that any homeowner can understand. You purchase a policy paying a premium to an insurer, and when a claim gets filed, the insurer pays. So in theory, insuring your co-op, condo or HOA should be v…
As the weather gets warmer with the arrival of spring, condo, HOA and co-op residents are getting the urge to cool off in their community swimming pool or relax in their heated clubhouse spa. But before that can happen there’s…
By and large, a board and management company can expect payment from residents for monthly fees to be received on time and in full. These all-important funds keep day-to-day operations moving forward without hiccups. There are situatio…
In an online forum, Sharon complains about her upstairs neighbor and begs for advice. Her neighbor had installed a washing machine in her unit, even though there was one already downstairs for the residents of her six-unit building to …
You’ve got the perfect couple looking into buying a condo in your building. And they love everything about the unit. But here’s the catch—they also love everything about another building’s unit. They can’t decide which to buy. …