Category: Association Operations

With gas prices rising steadily and everyone looking for ways to cut costs, New Jersey's utilities are doing what they can to help people invest in money-saving, energy-saving technologies and resources. From boilers to solar power to wi…

With ownership of property comes great responsibility—and a certain amount of risk. One of the most important aspects of property ownership is ensuring that in the event of loss, damage or accident, your investment is protected. In essen…

It's like setting your luggage on the conveyer at the airline check-in counter. Somehow your bags end up in your hands after the flight. It's just that we never quite know what happens in between letting our bag go and finding it again t…

One of the most confusing aspects of owning a condo or co-op is understanding the ins-and-outs of your community's insurance coverage. The fine print of an association's insurance policy is often complicated, but for association boards, …

It's a fact: the survival of a condo or co-op association after an accident or injury can very well depend on its insurance coverage. Failure to obtain and maintain adequate coverage can result in financial disaster if a building suffers…

Just like your condo association or homeowner association has to pay its taxes, it also has to pay for its insurance coverage. But managing risk coverage for an entire community is a little more complicated than insuring your family car.…

There are times when even prudence, foresight and good planning, cannot prevent significant and unforeseen challenges, and circumstances occur which are beyond a board's control. This article identifies some of these situations, and prov…

Prices of most co-ops and condominiums in the New York metropolitan area—which nowadays extends as far west as eastern Pennsylvania and as far south as the lower Jersey shore—have reached stratospheric proportions. In once-blighted urban…

Sue Stevens became president of her Arlington, Texas homeowners association in 2003, one of her first orders of duty was solving a vital security issue to the residents—how to protect their homes, which were highly visible from several m…

Just as no household can function without a good, sound budget, neither can a homeowner's association. Creating and maintaining a budget that can guide a condo community through an entire year's worth of finances is one of the most impor…