Boards of directors in co-op and condo buildings are generally elected volunteers who live in the community themselves and have a vested interest in preserving its quality of life while protecting the investment that the building or deve…
Most residents of a condo, co-op or HOA know at least a few of their board members—or at least know their names. Often, the same people serve on the board year after year. But what makes them want to serve? And why don't new people const…
It's a job that eats away at your free time, often results in you being bothered in your home after-hours and on weekends, and to top it off, doesn't pay one red cent. In fact, add up expenses like phone calls and gas, and you might even…
If there were metaphorical rock stars in the financial management of a homeowner's association, those rock stars would be known as the treasurer, accountant and building manager. These three are the power trio of the co-op and condo fina…
Three years ago, a member of the New York Giants football team was looking to move into Manhattan and applied to buy a co-op at one of the more luxurious buildings in town. Although the player made millions each year, he was denied entra…
When it comes to buying your community association's fuel and heating oil, if your goal is to pay rock-bottom prices well below what everyone else is shelling out, forget it. Everyone knows today's prices are high—and while we can all ho…
When a new unit owner moves into a condo development, he or she usually receives a welcome packet that contains all the governing documents, such as the declaration of covenants, conditions and restrictions, the bylaws and the house rule…
This summer, as HOA residents make plans to hit the shore or go visit relatives in faraway states, it's important to remember one thing as bags are packed and camping supplies loaded into the family car: Thieves never go on vacation. Sum…
When most people envision bears, they picture them roaming the vast forests of the west, pulling salmon from rushing rivers or running through the grassy meadows of Alaska. For more and more New Jersey condo owners, however, that vision …
Be Prepared" is not just a timeworn motto—it's a piece of advice that can save lives, property, and countless dollars. While the average person doesn't really think that they'll be a victim of a fire, flood, earthquake, or even a terrori…