Cash flow is the lifeblood of any multifamily residential community, be it a rental building, co-op, condo, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…

In his 1971 book Future Shock, author Alvin Toffler describes a society undergoing enormous structural change as a result of technological advancements—and the social stress and disorientation that came with that change. A half-century late…

The elevator is one of those inventions—along with running hot and cold water and indoor plumbing—that have been around for so long we take it for granted. But elevators obviously weren’t always a part of the architectural landscape. Withou…

While nobody will deny the importance of formal education and training, talk to enough professionals across the property management industry, and you’re likely to hear that while school was definitely useful, the experience gained on the jo…

Glass façades are for many the epitome of contemporary urban architecture and design. Sleek, clean, and modern, they give the impression of an Emerald City of the future, rising above the bricks and mortar of yesterday’s Gotham. Yet with th…

According to a recent item published by the National Housing Conference (NHC), the Executive Council for Housing Affordability (ECHA) at the J. Ronald Terwilliger Center for Housing Policy sent a letter to Congressional leaders on Novem…

Q. I have a question about filling vacancies on the board of a condominium. Our condominium had an election and three people ran for two open seats. The day after the election, one of the newly seated directors resigned from the board. Ho…

Living in close quarters can—and often does—lead to conflict. In co-op, condo, and HOA communities, conflict can occur between residents, or between a resident and the board. And to complicate matters, a seemingly isolated conflict between …

The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…

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…