Last year in New Jersey, a former property manager in Freehold Township was accused of embezzling $75,000 from homeowner dues. In a separate case, a woman, her husband and mother were charged with theft from an Aberdeen condo associatio…
Insurance is a relatively simple concept that any homeowner can understand. You purchase a policy paying a premium to an insurer, and when a claim gets filed, the insurer pays. So in theory, insuring your co-op, condo or HOA should be v…
Co-ops and condos function thanks to the dedication of board members who volunteer their time and expertise to make sure their building or HOA is efficiently run and that their investment is protected. Ideally, new board members might …
To be an informed board member is the goal. For both new and seasoned members, however, there are countless challenging topics requiring specific knowledge. With new regulations and legislation on tap, it is imperative that board membe…
Most homeowners love the idea of having a swimming pool, athletic court or health club as part of their association’s grounds because it adds value to their property and it gives them something fun to do throughout the year. But HOAs th…
Recent developments, both legislative and environmental, have led to considerable changes in the New Jersey insurance marketplace. And such changes, as managers know, often lead to added paperwork, confusing requirements, and tricky le…
New Jerseyans got a taste recently of Mother Nature’s wrath this spring when some of the worst flooding in decades damaged and destroyed homes and memories throughout Northern New Jersey. While some parts of the northern part o…
Good afternoon—and welcome to the board. Your mission should you choose to accept it is to make decisions to better your building. The residents may not like you and, more importantly, may not like those decisions. Nevertheless, keep do…
Most people wouldn't buy a home without an attorney, or start a business without an accountant. In the same way those professionals assist with complex legal and financial processes, a civil engineer trained in the specific field of de…