What Community Association Directors Need to Know About Property Insurance

Determining the appropriate insurance for an association property–whether it’s owner-occupied or rented out–often involves a lengthy review process with many facets that require your attention. One overlooked detail can cost your community association board thousands of dollars and lead to multiple unhappy stakeholders. — What Kind of Insurance Does a Homeowners Association Need? The Basics […]

Residential Fitness Programs: Thinking Beyond the Fitness Center

Not so long ago, property managers could buy a couple of multi-exercise machines, a treadmill, and a stationary bike; stick them in a room with mirrors and a TV; and voil?: A perfectly functional fitness room for your community! Not anymore. Today’s communities are cultivating new fitness experiences in their health centers, on par with […]

Ask an Expert: What’s the Risk of Hiring Unlicensed Roofers?

Q&A: I’m a brand-new board member of a condo unit in Hawaii. We need some patchwork done on a pitch and tar roof. A unit owner has offered to do the work for a much-reduced rate, plus the cost of materials, which would save us a bundle… but he’s not a licensed contractor. The board […]

When Should Landlords Start Thinking About Taxes? (Hint: It’s Never Too Early)

It’s time to schedule a sit-down with your tax advisor. Why now? Well, your tax advisor won’t have much time for strategic planning when you turn in an overflowing box of receipts on April 12. Mid-year tax planning for landlords–well before the April 15 general filing deadline–can pay some big dividends, as your tax advisor […]