Finance Financial Firestorms
2014 July Financial Firestorms

In an upscale lakeside community near Orlando, the pace of home sales unaccountably accelerated in 2009. At first, the new owners paid their assessments and fees. Then some of the homes were rented to subtenants, and others changed hands a…

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Finance Cutting Costs – Without Cutting Corners
2014 July Cutting Costs – Without Cutting Corners

As the 2012 federal legislative fiasco over the debt ceiling—as well as any number of other spending bills proposed since then—demonstrated, balancing a budget can be like pulling teeth. Balancing a condo or HOA community's budget can some…

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Finance Budgeting and the Bottom Line
2014 July Budgeting and the Bottom Line

Preparing the annual budget is by no means an easy task. Those charged with preparing condominium or HOA budgets will soon begin reviewing costs, gathering data and projecting expenses for the coming year. Communities, businesses, individu…

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Q&A Q&A: Office Space for Manager
2014 June Q&A: Office Space for Manager

Q My condo's board recently approved a plan to provide an office for our property manager. Since the building did not have a space for an office, they want to put up walls in one of our common areas, so the property manager has a place to…

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Law & Legislation Avoiding Lawsuits
2014 June Avoiding Lawsuits

I Love Lucy is one of the most beloved sitcoms in all of television history. In one episode, after Little Ricky is born, the baby is screaming and screaming, keeping awake the next door tenant, Mrs. Trumbull. Mrs. Trumbull complains to lan…

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Law & Legislation Vetting Contracts Before You Sign
2014 June Vetting Contracts Before You Sign

Few things can raise one's blood pressure like signing a big contract. That can be especially true for board members or managers signing sometimes mammoth contracts on behalf of a co-op or condo association, obligating their neighbors, fri…

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Law & Legislation 2014 Legislative Roundup
2014 June 2014 Legislative Roundup

A quote often attributed to the Prussian statesman Otto von Bismarck in the mid-1800s says something to the effect that laws are like sausages—it's better not to see either of them being made. It's a clever quip, and it's not entirely i…

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Q&A Q&A: Serving on the Board
2014 May Q&A: Serving on the Board

Q “I am the vice president of a small condo community and we are trying to find out if non-homeowners can serve on the board. Several of the homeowners would like renters to have a proxy vote. However, being a proxy and voting for an abse…

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Design Design for All
2014 May Design for All

Of all the responsibilities that come with being a board member or manager of a residential building, few are as important as ensuring the safety of your residents. Making and clearly communicating emergency plans, marking entrance/egress …

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