Perhaps one of the most difficult aspects of the recent recession was the sudden evaporation of credit from major banks and lending institutions. The logic behind it was understandable: too much easy credit had led, in part, to the col…
Tsunamis, earthquakes, tornadoes—these are just a few of the devastating disasters that have made headlines already in 2011 and created emergency situations that many never thought possible. As the past year’s calamitous snows…
The day-to-day costs of running a multifamily residential building are significant. There’s the fuel oil, electric, cleaning supplies, equipment maintenance and service calls for repair and upkeep. Then there are the insurance costs, la…
As the recent recession has lingered on, co-ops and condo associations across the region—from luxurious waterfront high-rises to sprawling suburban developments—have found more of their residents in arrears with their monthly fees. Some …
We all want to get what we pay for—and nobody wants to pay for goods or services they don't actually receive. This is especially true of homeowners associations when it comes to big-ticket municipal services like snow and garbage remova…
Owners of condominiums and cooperatives in urban areas of New Jersey like Hoboken or Jersey City with parking garages in or adjacent to their building are blessed in so many ways. The ability to drive right up to your front door provid…
It doesn’t matter if you are managing a towering high-rise or a sprawling suburban association, co-op and condo boards usually have their fair share of problems to be solved and emergencies to be defused. Talk to enough people who have …
Q We are a small 24-unit condo complex. Nobody wants to serve on the board and the same people have to keep serving over and over again just to keep things running. What happens if no one wants to serve and there is no board? …
Q I have been frustrated by my condo board's inaction on my requests. They requested an engineer’s report on my renovation, and I have submitted it to them as well as their engineer for review...but can't get them to sign off on it. …