Management Let's Be Perfectly Clear
2013 July Let's Be Perfectly Clear

 When summer rolls around many Chicagoans can be found at any one of the 33  beaches along the shores of freshwater Lake Michigan. There may not be any waves but the vast blue waters can rival any Florida or  California beach. Illinois’s n…

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Finance The Chicago Cooperator's Condo, HOA & Co-op Expo
2013 July The Chicago Cooperator's Condo, HOA & Co-op Expo

 The Chicagoland Cooperator's Condo, HOA & Co-op Expo second expo last fall was by all accounts a huge success as the  event attracted thousands of attendees from all across the region for a full  day of education and networking.   …

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Finance Follow the Money
2013 July Follow the Money

 If you want to find out about the history of a town, region or country, head to  a museum or look it up on the Internet. If you want to find out about your  family’s history, look at your photo album, whether it’s in a book or online. And…

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Finance Coping With Arrears
2013 July Coping With Arrears

 The foundation of any properly run condo association or co-op building rests on  residents paying their monthly maintenance fees on time and in full, with no  delays or delinquencies. However, thanks to the lingering effects of the  reces…

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Finance Watch Your Language
2013 July Watch Your Language

 The vast majority of both one-time projects and long-term service contracts  involving vendors and service providers and their condominium or HOA clients go  smoothly and either conclude or continue without incident. However, a small  per…

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Q&A: To Foreclose or Not?
2013 June Q&A: To Foreclose or Not?

Q I am the president of a 60-unit condo association. One of our original owners,  severely handicapped, lost his unit to bank foreclosure in December 2012. He was supposed to have moved out by January 3, 2013 but he is still here. We have…

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Q&A: Do We Do Windows?
2013 June Q&A: Do We Do Windows?

Q I live in a three-story building with 108 units, 36 per level. Our self-managed board is going to pay (out of our common elements maintenance  fund) for the washing of bedroom and end unit windows, as they are difficult to  reach.   …

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Design Can You Hear Me Now?
2013 June Can You Hear Me Now?

 Walls are often the only separation between you and your neighbors when you live  in a densely populated area like Chicago, and privacy sometimes seems to go out  the window. People hear their next-door neighbors talking, footsteps from  …

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Real Estate Trends Listen Up!
2013 June Listen Up!

 While some condos and HOAs are lucky enough to have lawyers serve as members of  their board, the majority of boards don’t have an in-house legal expert. They often reach out to their attorney to  answer questions, vet documents, send the…

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Law & Legislation Handling Lawsuits
2013 June Handling Lawsuits

 Lawsuits are usually not an association’s go-to method for dispute resolution. Expensive and time-consuming, they can  quickly turn into a financial burden and may create strained relations in the  community. Unfortunately, in some cases …

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