If your building or association is professionally managed, having some familiarity with the billing structures property management companies use with different client communities is key; that understanding can help you determine which one i…
As the days get longer, warmer, and more conducive to outdoor activity, boards and property managers have a laundry list of maintenance and preparation tasks to ready their buildings for the approaching summer. Investing some time, labor, a…
The roof is obviously one of the most critical components of any dwelling, providing both structural integrity and protection from the elements. And though tough by necessity and designed to last for decades, without proper regular maintena…
Investing in real estate is one of the best ways to increase net worth. That's why it’s so important for board members to keep in mind the best ways to increase the resale value of the homes within their community. All too often, board memb…
Managing or administering a multifamily community like a condo, HOA, or co-op building is a lesson in balancing diverse, sometimes conflicting interests and priorities for the collective good. In buildings and associations where residents l…
If you picture a specific American city in your head, what do you see? Its buildings, most likely. Cities come to be known and represented by their iconic buildings, one part often standing in for the whole: think the Empire State or Chrysl…
Back in the spring of 2017, a Boston couple was brutally murdered in their penthouse apartment in a high-end condominium building. The perpetrator was a former employee of a company that supplied concierge services to the condo, and so knew…
There’s no such thing as too much education—and that’s especially true in the realm of multifamily property management. Keeping one’s skills sharp and knowledge base both broad and current is a must for all management professionals, regardl…
Positive 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…
Self-managed communities large and small can save a considerable amount of money by eschewing third-party management and handling their day-to-day business in-house. This means the board must assume the tasks and responsibilities that commu…