Category: Association Operations

Finance Piggy bank and borrow grunge concept
Co-op & Condo Financing

Aging is expensive—and that goes double for residential buildings. Exterior deterioration is inevitable, mechanical systems do not last forever, and everyday foot traffic and wear take their toll on even the sturdiest structures. For many c…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Maintenance Building Better in Surfside’s Wake
Building Better in Surfside’s Wake

The tragic partial collapse and subsequent demolition of the Champlain Towers South Condominium in Surfside, Florida this past June revealed some gaping holes in the structures, governance, and oversight of the country’s multifamily buildin…

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Finance Out of Sight, Out of Mind...Out of Money?
Out of Sight, Out of Mind...Out of Money?

Beautiful new residential buildings are erected every year. As developers make the finishing touches, the walls are closed to conceal elements like piping, wiring, fire suppression systems, and insulation. Unfortunately, awareness of these …

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Insurance Protecting Board Members from Claims
Protecting Board Members from Claims

In the wake of a tragedy of the size and scope of the recent building collapse in Surfside, Florida, many board members in condos, co-ops, and HOAs have concerns about what liability they may assume in their administrative role. This concer…

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Insurance Loss, Insurance, & Claims
Loss, Insurance, & Claims

For many, the topic of insurance can be a bit overwhelming. Even the terms we use as insurance purchasers differ substantially from the terms industry professionals use when discussing and settling claims - which can leave laymen feeling li…

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Maintenance Structural Integrity Inspections:
Structural Integrity Inspections:

In light of the catastrophic, deadly condo building collapse in Surfside, Florida last month, boards and residents in multifamily buildings across the country are taking a hard look at how their own properties measure up to the structural m…

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Maintenance Water Sensors Join the Internet of Things
Water Sensors Join the Internet of Things

Water infiltration in multifamily buildings has always been an issue of grave concern; leaks can lead to everything from unsightly stains to mold growth to crumbling infrastructure, and can mean hundreds of thousands spent on repairs and re…

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