Category: Finance

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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Finance Cash-Strapped?
2012 July Cash-Strapped?

Money is a topic people are often skittish about discussing—especially when the discussion involves rising fees, or having to pay more money for something. When you’re a board member or the property manager of a condo building or residen…

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Finance What's In Your Wallet?
2012 March What's In Your Wallet?

In these times of economic uncertainty, nothing is more important than planning for a rainy day, especially when that rainy day might involve repairs to multimillion dollar buildings. That is one of the many reasons why having an adequ…

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