Category: Association Operations

Insurance Fidelity Bond Insurance
Fidelity Bond Insurance

Protection against embezzlement, fraud, theft, computer crime, forgery and more are just the tip of the iceberg when it comes to crimes at community associations across the United States. During challenging economic times, crime goes up an…

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Insurance Who's Responsible for Repairs?
Who's Responsible for Repairs?

Say you’re in bed, and you hear what sounds like the shower going. It's late, and you're tired, so you pay it no mind. You wake up at 4 a.m. to get a glass of water and find half the rooms in your apartment flooded— you forgot to turn the …

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Insurance To Claim, or Not to Claim?
To Claim, or Not to Claim?

Individuals, associations and other entities carry insurance coverage to protect them from liability, loss, and other financial and legal threats—that's pretty basic. What isn't always so basic is deciding when to file a claim versus payin…

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Finance Surviving a Financial Firestorm
Surviving a Financial Firestorm

One of the biggest problems that can cause the downfall of any association is a lack of funds, or more specifically, not enough money to keep operations running smoothly and to make the necessary repairs to keep everything up to par. …

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Finance Cutting Costs – Without Cutting Corners
Cutting Costs – Without Cutting Corners

As the 2012 federal legislative fiasco over the debt ceiling—as well as any number of other spending bills proposed since then—demonstrated, balancing a budget can be like pulling teeth. Balancing a condo association or HOA community's bud…

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Finance Budgeting and the Bottom Line
Budgeting and the Bottom Line

Preparing the annual budget is by no means an easy task. Those charged with preparing condo association or HOA budgets will soon begin reviewing costs, gathering data and projecting expenses for the coming year. Communities, businesses, in…

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Design It's Those Drapes!
It's Those Drapes!

Allegedly, on his death bed and with his last breath, the great writer Oscar Wilde said, “This wallpaper is dreadful; one of us will have to go.” The quote conjures a mental picture: Wilde, pale and bedridden, propped up on massive Victori…

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Management Multifamily Laundry Options
Multifamily Laundry Options

Ask people to list the household chores they dislike most, and chances are, doing laundry will consistently rank among the top ten. The need and appreciation for clean clothes gets overshadowed by the inconvenience of constantly having to …

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Management Who Goes There?
Who Goes There?

While crime rates are steadily decreasing nationwide—even in the tri-state area—multifamily dwellings are often more difficult to 'police' due to the number of residents, visitors, delivery personnel, and third-party workers such as contra…

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