Insurance Protect Yourself
2011 August Protect Yourself

Serving on one's condo or association board is sometimes a rough job; there are tough decisions to make that impact the lives of one's own friends and neighbors, priorities to set that cannot possibly please everyone, and financial cha…

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Q&A: Spouses and Serving on the Board
2011 July Q&A: Spouses and Serving on the Board

Q At our condo in Hyde Park, the declaration and bylaws state clearly that only one representative from any one unit is allowed to serve on the board at one time. We have a peculiar situation here. Two single residents married, and …

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Q&A: Serving on the Board
2011 July Q&A: Serving on the Board

Q At our condo in Hyde Park, the declaration and bylaws state clearly that only one representative from any one unit is allowed to serve on the board at one time. We have a peculiar situation here. Two single residents married, and …

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Finance Greektown
2011 July Greektown

 Step through a unique six-pillared Greek pavilion at the intersection of  Halstead and Monroe and you're in Greektown, located in Chicago's near-west  community, one of Chicago's most popular neighborhoods for natives and tourists  alike.…

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Finance Worst. Board. Ever!
2011 July Worst. Board. Ever!

 It was time for the the Chicago-based senior association's annual meeting. The  board and residents, men and women, some in their 70s, were emotionally charged  and concerned about various issues that the board would discuss. The issues d…

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Finance Park it Here
2011 July Park it Here

 Anyone who has ever circled the corners looking for a parking spot in Chicago,  especially in the brutal winters, understands the importance of having a  regular parking spot. In a city as crowded and fast-paced as Chicago, parking  is a …

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Finance Budget Basics
2011 July Budget Basics

 Not everybody on a co-op or condo's board is an accountant (or can even balance  their own checkbook, for that matter.) Handling the money for an entire  association is a big responsibility however, and residents rely upon their  board to…

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Finance Preparing for the Worst
2011 July Preparing for the Worst

Chicagoans pride themselves on the ability to withstand bitter winters but sometimes Mother Nature just does get the better of us. For proof, just look at the pictures from this past January of abandoned cars along Lake Shore Drive and…

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Finance All is Not Lost
2011 July All is Not Lost

 In the language of retail, it’s called shrinkage—the percentage of loss experienced by a business due to theft. Co-ops and condos  may not use the same term for it, and they don't have displays of handbags or  jewelry to safeguard, but th…

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