Category: Building Operations

Insurance
2019 August Warranties and Service Agreements

As in life, there are no guarantees when it comes to building systems, parts, and components. But unlike life, there are warranties and service agreements to ease the pain when something breaks down, gets damaged, or proves to be defective.…

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Insurance
2019 August Combatting Kickbacks

Running a community association can be – and often is – stressful enough without the added issue of people in a position of power in the community using that position for personal gain in the form of kickbacks. Whether the offender is a sup…

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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

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

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

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
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
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
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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