The Great Recession has required all boards and property managers to investigate new and progressive ways to ensure that their bottom line is covered. While this has always been the mission, the economic reality of recent years has ins…
Category: Board Operations
If you live in a condo or a co-op, you’ve probably noticed that your building has at least one annual shareholders’ or unit owners’ meeting each year. It’s not random. The annual meeting is actually an Illinois state-mandated la…
A well-run condominium or co-op requires that it is getting its supplies and services smoothly and at the best price, which is why a board of directors or management company needs to stay on top of its vendors and its contracts with th…
The relationship between boards and management is, by its very nature, a deep one. The two teams rely on each other to ensure the smooth oversight of their co-op and condo communities. Both are dedicated to doing everything possible to …
The date is fast approaching for The Chicagoland Cooperator’s first annual Chicagoland Condo, HOA, & Co-op Expo, to be held at Navy Pier Convention Center on Wednesday, November 16, 2011 from 10 a.m. to 5 p.m. Along with the booths and n…
It was time for the the Chicago-based senior association's annual meeting. The board and residents, men and women, some in their 70s, were emotionally charged and concerned about various issues that the board would discuss. The issues d…
The business of running a condo building or homeowners association—regardless of the size of the community—can often be complex. From interacting with vendors and service providers to handling conflicts between neighbors, managers and bo…
Though the benefits of condominium and cooperative living are numerous, it’s human nature that where there are people, there will be conflict. Running to a lawyer every time a problem arises is hardly sensible. The legal process is slow…
Every co-op, condominium, and homeowners association has rules and regulations that residents and their guests must abide by. For the most part, they’re usually pretty straightforward and have minimal impact: no 200-pound dogs, no smoki…