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Category: Association Operations

Finance Controlling Operating Costs
2014 October Controlling Operating Costs

Whether you’re managing or governing a suburban condo development or an urban high-rise, operating costs are a constant concern. No matter how hard you plan, there are always unexpected expenses, and you have to plan for them. This is true…

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Finance Tips for Keeping Legal Costs Low
2014 October Tips for Keeping Legal Costs Low

In today’s economy, co-ops and condos are looking for ways to cut costs wherever they can, and many are turning to examining their legal bills. But the problem therein is two-fold: firstly, you don’t want to compromise your relationship wi…

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Management You’re Fired!
2014 October You’re Fired!

Whether they’re managing a small walk-up building in the city center or a sprawling development in a more suburban area, property managers handle a wide array of tasks, from physical stuff to administrative chores. While many of these jobs…

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Finance Renting Common Areas
2014 October Renting Common Areas

Having a fantastic party room, gazebo, or other common space is a great amenity for a condo or HOA—not only does it give residents a place to gather for celebrations, meetings and other community events, it adds real value to the property.…

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Management Managing Commercial Tenants
2014 October Managing Commercial Tenants

While having goods and services like retail stores, banks and dry cleaners on-site can be convenient and viewed as a positive by condo unit owners and neighbors, not every commercial tenant is a good fit for every condo community or HOA. L…

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Finance Bank on It!
2014 October Bank on It!

A lot of us feel like everyday life keeps getting more and more complicated, and finances are no exception. In Illinois, there are strict limitations to what boards can do with their association’s funds, but that doesn’t mean there aren’t …

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Management Going It Alone
2014 October Going It Alone

While the majority of condo buildings and HOA communities choose to partner with professional management firms to provide guidance and counseling and oversee their day-to-day operations, other boards take the reins themselves and choose se…

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Management I Bid You Good Day
2014 October I Bid You Good Day

It’s only logical that if something goes wrong and needs fixing at a condo or HOA, it's the board or manager’s job to do some due diligence and choose the contractor that makes the most sense for the community's needs and budget. Thi…

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Maintenance Maintaining a Healthy Building
2014 October Maintaining a Healthy Building

It was January 1977 when the Center for Disease Control (CDC) first identified and isolated a previously unknown strain of bacteria found breeding in the cooling tower of a hotel air conditioning system. The bacteria, subsequently named Le…

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Maintenance A Winterizing Maintenance Guide
2014 September A Winterizing Maintenance Guide

In terms of wear and tear on buildings, winter is the harshest season of the year. Snow accumulation and ice damming on roofs can be a major headache, pipes freezing and bursting could spell disaster, and just about any accumulation of wat…

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