Individuals, associations and other entities carry insurance coverage to protect them from liability, loss, and other financial and legal threats—that's pretty basic. What isn't always so basic is deciding when to file a claim versus payin…
Sometimes insurance and the terms that accompany it can feel like a completely foreign language. It can be mystifying and overwhelming, whether for individual condo residents or the board members who oversee the community as a whole. The i…
When is a flood not a flood? That’s a serious question for Chicagoland’s residential communities. Even if they have flood insurance, damage caused by heavy rains and backed-up sewers may not meet the National Flood Insurance Program (NFIP)…
One of the biggest problems that can cause the downfall of any condo or co-op is a lack of funds, or more specifically, not enough money to keep operations running smoothly and to make the necessary repairs to keep everything up to par. …
As the 2012 federal legislative fiasco over the debt ceiling—as well as any number of other spending bills proposed since then—demonstrated, balancing a budget can be like pulling teeth. Balancing a condo or HOA community's budget can some…
Preparing the annual budget is by no means an easy task. Those charged with preparing condominium or HOA budgets will soon begin reviewing costs, gathering data and projecting expenses for the coming year. Communities, businesses, individu…
Ask people to list the household chores they dislike most, and chances are, doing laundry will consistently rank among the top ten. The need and appreciation for clean clothes gets overshadowed by the hassle of having to constantly wash an…
Chicago is a city known for its harsh weather, but this winter was extremely trying, complete with a 'polar vortex' and more snow and ice than usual. But there is always the promise of springtime and all it entails—blossoming trees, the re…
Condos and HOA communities can be a great setting in which to own a home and enjoy privacy and the comforts of your own personal space. That said, there is often a certain amount of tension between residents' desire to for autonomy and the…
When most people think of landscaping, they think of shrubs, trees, meticulously laid-out and maintained flowerbeds, and artful plantings scattered around a building or development. While that's definitely accurate, landscaping doesn…