In December 2008, the National Bureau of Economic Research announced that the
United States was in a recession that had started back in December 2007. The
official announcement was old news for most Americans.
For a crystal-clear picture of how an association is doing, there are few better
lenses than the community's budgets and financial reports. From an investment
perspective, they show the association board, property managers, the unit
In the tough economic environment that has hit our nation over the past few
years, many condo owners have faced job loss, pay cuts or just financial
uncertainty. Unfortunately, the signs of the times sometimes leads to an owner
True story: a condominium community’s board of directors spent almost $50,000 in legal fees and court costs to evict
a corpulent canine that exceeded the weight limit for residents’ dogs...by three whole pounds.
In another comm…
Unless it's a thoughtful gift or a party in their honor, nobody likes surprises.
That's especially true when it comes to sudden, serious, or non-negotiable
repairs to a condo building or HOA. A community must have enough money saved to
When money is tight, consumers typically put away their credit cards and take
stock—cutting out non-essentials, such as dining out and luxurious vacations—to make ends meet. Strapped homeowners will limit their funds to emergency