Category: Management

Management Effective Committees
2023 November Effective Committees

In a typical co-op, condo, or homeowners association, residents have a lot to say about how their building or community is or should be functioning … but few actually step up to run for and serve on the board that does the actual governing.…

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Management The Cannabis Question
2023 November The Cannabis Question

With cannabis use becoming increasingly normalized (as of this year, 38 states permit medical marijuana use and 23 permit both medical and recreational consumption), co-op and condo administrators are faced with yet another quality-of-life …

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Management Mark Your Calendar!
Mark Your Calendar!

Whether you’re a manager or a board member, running a co-op, condo, or HOA has never been an easy job. There’s always a capital project to fund, a contractor to hire, a dispute to resolve, a leak to repair...the list can feel endless.    …

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Management Hiring Professionals vs. Doing Repairs In-House
2023 October Hiring Professionals vs. Doing Repairs In-House

It takes a small army of professionals—everyone from on-site handymen to licensed professional tradespeople and engineers—to maintain multifamily buildings, both large and small. The question is, who does what, and when? Everyone likes to s…

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Management Rubber stamp over two folders with the text financial statements, accounting records and the word audit. Concept of financial auditing. 3D illustration.
2023 August 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 because being audited means that something has been found amiss in …

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Management A 3D render of a scattered stack of regular envelopes with delivery stamps and a clear window and the top one saying payment due symbolizing bills and debt on an isolated white background
2023 August The Collections Process

Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, 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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Management Multi Ethnic People Holding The Word Community
2023 June Special Events & Activities

Multifamily buildings serve as more than just residential spaces; they’re mini-municipalities unto themselves, where neighbors interact in common spaces, either incidentally (like in lobbies or elevators) or deliberately (like in kids’ play…

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Management Summer vacation journey flat vector illustration. Road trip adventure. Family travelling by car with active rest equipment. Extreme sports accessories on vehicle roof top isolated on beige background
2023 June When Residents Are Away

It’s little surprise to many that the residents of luxury apartment buildings spend less time in their apartments than their less well-off neighbors. Second and even third homes are the reality for many wealthy shareholders and unit owners—…

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