Serving on one’s condo, co-op or HOA board is voluntary, and board members do not serve indefinitely—or at least, they shouldn’t. Multifamily shared interest communities are required to hold regular elections, the result of which is some bo…
Among the many factors necessary for multifamily residential buildings to achieve financial stability, proper budget planning, compliance, and trust among shareholders, effective fee management is one of the most important. Understanding th…
The right property management team can make or break a building. While basic day-to-day maintenance and financial oversight often take priority when managing a multifamily property, comprehensive property management also includes building s…
Just as a ship cannot steer without its captain, a board cannot function effectively without its president. As the administrative head, this volunteer position is vital for ensuring the smooth operation of a condo, co-op, or HOA board. The …
Having a commercial space on the ground floor of your co-op building can be both a blessing and a curse. On the blessing side, the income generated by such a space can provide much-needed income for a residential cooperative, reducing sha…
In multifamily residential communities, where neighbors share common space, amenities, and maintenance—if not actual walls—establishing and maintaining boundaries can be a bit tricky. Physical boundaries are often breached by things like …
Talk to anyone familiar with common-interest community governance anywhere in the country, and they will tell you the same thing: apathy is rampant among residents of co-ops, condos, and HOAs. Not only is it difficult to get owners and shar…
When buying into a co-op, condo, or HOA, you’re not merely buying a home—you’re buying into a community. These communities are governed by policies and procedures that typically include prospective member requisites, as well as the methods …
Serving on the board of directors of a co-op, condo, or HOA can be a daunting undertaking, but there are numerous resources available to get new members up to speed and to inform seasoned members of the latest products, services, laws, and …
Part of the appeal of living in a suburban HOA or condo association is living in an orderly and well kept community, with neighbors agreeing to uphold certain aesthetic standards for their properties to better preserve value for all. What…