Category: Association Operations

 Too often, association boards—and condo residents—discover serious coverage gaps in their insurance policies in the face of a  claim. And often, the gap occurs when neither group wants to pay a high  deductible.    In recent years,…

 When fraud is discovered in the context of community associations, or any  non-profit, it usually takes shape as embezzlement over many years by a trusted  member or employee. Insurance companies that defend non-profit clients from  fraud…

 As summer thunderstorms buffet condo properties throughout New England,  less-than weather-tight windows, doors, and roofs may begin to make themselves  known. And though condo boards never enjoy addressing the perennial problem of  weath…

 Budgets and financial reports provide a crystal-clear picture of how the  association is doing. From an investment perspective, they show how unit  owners, managers, tenants, building owners, board of trustees, etc., whether  the property…

 During the tough economic environment of the past few years, many condo owners  have faced job losses, pay decreases or just financial uncertainty.  Unfortunately, this sometimes leads to owners not paying their common charges.    …

 Looking at the balance in an association’s reserve account, a homeowner could easily feel complacent. After all, a  quarter-million dollars is a lot of money.    Maybe—or maybe not. If the condominium comprises 200 units, is nearin…

 Think about this: Nearly two million American workers report having been victims  of workplace violence each year and, in the United States, fraud committed by  employees costs companies approximately $20 billion annually. Workplace theft…

 Every property manager and association board has to deal with employees. Whether the staff is a handful of part-time workers or a more extensive  workforce, employee management is essential to a happy, productive building.    Let’s…

 By and large, a board and management company can expect payment from residents  for monthly fees to be received on time and in full. These all-important funds  keep day-to-day operations moving forward without delay. There are situations,…

 Unless someone strenuously objects, I‘d like to start an argument. When it comes to sustainability and the “green” theme, condominiums and HOAs don’t get no respect.    The primary focus of the U.S. Green Building Council and its L…