Category: Finance

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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Finance Flush with Cash
2012 October Flush with Cash

Q In December 2008, the National Bureau of Economic Research announced that the United States was in a recession that had started back in December 2007. The official announcement was old news for most Americans. Most financially-savvy …

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Finance Understanding Operating Costs
2012 October Understanding Operating Costs

 In your own household, you have money coming in and money going out. You have  things you want to save up for—say, a new cool high-def, flat screen television or the latest iPad. Yet you owe  your car company and your creditors. To keep i…

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Finance The Nuclear Option
2012 September The Nuclear Option

 In the tough environment that has characterized both the national and world  economy over the past few years, many condo owners have faced job loss, reduced  salaries, or just financial uncertainty. While the situation has made things  ex…

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Finance Dealing with Commerical Tenants
2012 July Dealing with Commerical Tenants

 Stores and other commercial businesses on the ground floor of a condo building  used to be a rarity but now they are becoming a hot new amenity, even a  standard for newer buildings. Restaurants, food markets, drugstores, clothing  stores…

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Finance Understanding Your Association's Finances
2012 July Understanding Your Association's Finances

 For a crystal-clear picture of how an association is doing, there are few better  lenses than the community's budgets and financial reports. From an investment  perspective, they show the shareholders, managers, tenants, owners, and board…

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Finance Pay Up!
2012 July Pay Up!

 In the tough economic environment we've been struggling through over the past  few years, many condo owners have faced job loss, pay cuts, or just financial  uncertainty. Unfortunately, the sign of the times sometimes leads to an owner  n…

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