Category: Association Operations

Finance Warranties for Capital Improvements
2004 Jan Warranties for Capital Improvements

When we think of product warranties, most of us think of the standard green registration cards that are found inside the box with the product alongside the operating instructions. We can register our new purchase by filling out the card …

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Finance Deciphering Your HOA's Finances
2004 Jan Deciphering Your HOA's Finances

It was comedian Jackie Mason who said," I have enough money to last me the rest of my life—unless I buy something." Mason was making a joke, but if your homeowners association isn't adept at managing its books, it might also be an unplea…

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Security Concept of house technology system with wireless centralized control. Young woman sit on the sofa holding smartphone. Vector illustration in a flat style
Smart Tech & Privacy Protection

According to a recent poll of 1,000 consumers conducted by telecommunications company Frontier, p rivacy concerns around smart home tech devices are on the rise. Sixty percent of respondents to the poll reported being “very” or “extremel…

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Design painter man with roller brush and piggy bank, isolated on white, saving concept
Budgeting For Design

As Budgeting Season approaches for co-op and condo communities, it’s time for the boards of associations and corporations to consider how they will cover expenses and fund projects in the coming year and beyond. While recurring operating ex…

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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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