Category: Finance

Finance Financial Administration and Audit Concept. Consulting for Company Performance, Analysis, Statistics and Business Statement. Auditing Poster Banner Flyer Brochure. Cartoon Flat Vector Illustration
2023 Summer When It’s Time for an Audit

When the average American taxpayer (or tax-dodger, one supposes) hears the word “audit,” they’re likely struck with a feeling somewhere between annoyance and terror. Usually that’s because being audited means that something has been found a…

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Finance Rubber stamp with the text past due over an invoice document. 3D illustration. Concept of unpaid debt recovery.
2023 Summer The Collections Process

Cash flow is the lifeblood of any multifamily residential community, be it a rental building, co-op, condo, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…

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Finance Washington DC, USA - July 3, 2017: Federal Trade Commission and Housing Finance Agency seals in downtown with closeup of sign and logo
Is Your Condo on Fannie Mae’s Blacklist?

As has been widely reported lately, Fannie Mae, which is under the conservatorship of the Federal Housing Finance Agency (FHFA) has developed a secret blacklist of condominiums, HOAs and co-ops that are ineligible for “conventional financin…

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Finance Image illustration of cost cut
2023 Expo Cost-Cutting for Multifamily Communities

With inflation and supply chain disruptions dominating much of the news these days, multifamily boards and managers are feeling the squeeze, whether in the form of rising prices for necessary supplies, or lack of those supplies altogether, …

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Finance Strengthening and building your savings
2022 Fall Financial, Physical, & Operational Health

In early 2020, our firm was hired to prepare a reserve study for an unremarkable 136-unit, 12-story condominium in south Florida. It was the kind of association you could drive right by without noticing, not much different from all the othe…

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2022 Fall Safeguarding Your Reserves

In our current environment of steeply rising costs, it’s more important than ever to safeguard your reserves to ensure that your association has sufficient funds available for immediate and future capital projects. Unfortunately, many assoc…

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Finance The white seal and red imprint with text PAST DUE on white surface. 3D illustration
Collecting Delinquent Common Charges

A recent article on a real estate website posed a common question: What’s the best way for a condo board to collect unpaid common charges?  The author of the article - presumably an attorney - gave some pretty good advice…and some not so g…

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Finance Five small wooden buildings with coins floating away from rooftops
Mid-Year Maintenance Increases?

Like baseball players, condo and co-op owners are often creatures of habit. Settled into their units, they’re used to costs rising over time, but on a regular and predictable basis.  That means once a year - usually in January - and by a co…

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