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Management
The Second Annual New England Condo Expo
The second annual New England Condo Expo will showcase over 150 exhibitors from
all over New England when the exciting day-long event returns to the Seaport
World Trade Center at 200 Seaport Boulevard in Boston on Wednesday, May 12,
2010.
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How Am I Doing?
A lot of employers who don’t bother with appraisals decline to do so becausethey are “too busy.” The excuse is that there is always a more productive use of their time. While this is rarely true, as best practices have consistently shown, it is excusable if the job is being done well. But what if it’s not? Read More
Choosing the Right Vendor
There’s always something to do around a condominium or co-op building. There’s landscaping to be done in the spring, summer and fall. A swimming pool adds to summer’s workload, and snow removal is one of winter’s most important chores. Maintaining common areas is a year-round job and can involve cleaning, painting, electrical work and services from general contractors. Read More
100 Years Young
The New England landscape has changed considerably since the first condominiums opened here some four decades ago. Read More
The Board/Management Relationship
Unless they're self-managed, most urban residential buildings employ professional property managers to handle their books, bid out repair jobs, hire contractors and deal with the day-to-day administrative functions that few unit owners or trustees have the time (or desire) to handle themselves. The property manager is a key player in a condo building or HOA's day-to-day functioning. Read More
Million-Dollar Management
At the vast majority of condominiums, a management company’s duties can be fairly straightforward – maintain the common areas, advise the trustees about operations, and keep
financial documents and other records. But in the rarified atmosphere of $1
million-plus condominium units, the management team takes on an expanded role.
Managers become home service experts, performing a myriad of tasks that are
customized to individual needs. Management becomes such an integral part of the
luxury lifestyle that it’s even touted in the marketing campaigns.
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Big Vs. Boutique
When it comes to property management firms, sometimes bigger is better. And sometimes, small is what you need. And sometimes, as Goldilocks discovered, something somewhere in the middle can be just right. Whether it’s large companies with hundreds of managers or a boutique firm with a handful of staff, when it comes to choosing what type of management firm is right for you there can be pros and cons on both sides of the coin. Read More
The Subprime Mortgage Fallout
The Climate of the real estate market across the country has shifted, and the fallout from the subprime mortgage crisis has been felt in cities and towns throughout the country. The co-op and condo market in New England is no exception, as unit owners, board members and buildings have been affected by the changing tide. Read More
Negotiating the Contract
The management contract defines the relationship between the condominium and management company, but the document's provisions frequently receive only cursory review or discussion by the condominium board. Read More
Amending Your Bylaws
Usually, life in a condo goes on uneventfully on a day-to-day basis, with routine maintenance, elections, gardening, move-ins, move-outs and the like taking up most of its attentions. Read More
