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Category: Building Operations

Insurance Directors and Officers Insurance
2019 August Directors and Officers Insurance

At the heart of volunteerism is the notion of doing something for the common good. For many, choosing to live in a co-op or condo community is also choosing volunteerism – specifically, volunteering for board service. But within that sense …

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Maintenance Pest Control Products and Methods
Pest Control Products and Methods

Wildlife is great, but nobody wants it in their home - especially not in the form of pests like insects or rodents. Figuring out which pest-control products and methods are best for a multifamily building or HOA is the job of professional e…

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Management Removing Medical Waste
Removing Medical Waste

Many co-op and condominium buildings consider themselves fortunate to have income-producing commercial tenants on their ground floor. More often than not, these tenants are medical professionals: doctors, dentists, small outpatient treatmen…

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Management Managing Multifamily Buildings
Managing Multifamily Buildings

Whether you manage a tight-knit building with just a few units, or a sprawling development with hundreds, property management comes with unique challenges. In this clip, two industry veterans let us in on the biggest ones they face in servi…

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Finance Facing Financial  Mismanagement
2019 July Facing Financial Mismanagement

The board of a building or community association has a fiduciary duty to uphold its community’s governing documents, act in good faith, and advance the interests of the community at large. Occasionally, boards fail to carry out this duty – …

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Finance Maintenance Charge Increases
2019 July Maintenance Charge Increases

There are few things upon which most people agree, but a general dislike for paying more today for something that cost less yesterday is pretty universal. This goes for taxes, consumer goods, healthcare, and of course for monthly maintenanc…

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Finance Underfunded Reserves
2019 July Underfunded Reserves

The importance of saving for a rainy day is a lesson we all learn as children. Just like we as individuals should put away a little something for that ‘just-in-case’ moment, co-op corporations and condominium associations must also keep res…

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Management Prioritizing Tasks
Prioritizing Tasks

Property managers wear many hats and have job descriptions covering everything from bidding out capital projects to mediating spats between neighbors -- so how do individual managers determine what needs to be done, and when? In this clip, …

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Management Manager Autonomy
Manager Autonomy

Boards -- whether co-op, condo, or HOA -- hire managers to handle the administrative, operational, and social sides of what can often be a tricky field. How much leeway a manager has to get the job done depends on several different variable…

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