The recession and accompanying housing crisis have impacted different parts of the nation in varying ways, with places like New York City looking downright hearty compared to foundering markets like Florida and California. The Chicago …
Holidays are usually synonymous with good cheer, smiles, and a festive atmosphere—but occasionally, they can be the cause of friction and ill will as well. When people of various faiths and traditions all live in the same high-rise buil…
Remember that thick stack of documents you received when you bought your condo or co-op? If you're like most people, they're probably sitting in a drawer or in the back of your filing cabinet, communing with the dust bunnies, largely f…
The ongoing recession has changed the financial picture drastically for many residents, and their buildings are feeling the effects of late and missing assessment payments, owners unable to pay special assessments, and even owners who …
Chicago has a long tradition of being culturally diverse, and that tradition continues to evolve today. The Metro Chicago Immigration Fact Book reports that the Chicagoland area added 1.4 million immigrants in the past decade,…
This is a great time to be on the board of directors of a condominium association—if you like a challenge. Gone are the days of flush and growing reserve funds and easily balanced operating budgets that marked the real estate …
While the board is the one who makes important financial decisions for their communities, it’s the property manager who handles day-to-day administrative tasks and keeps the association’s buildings running smoothly. If there’s an issue …