Whether a small service contract for something like snow removal, or a larger initiative like replacing all the windows in a building or HOA, boards and property managers have to exercise extreme due diligence before signing on the dotted l…
For many people, insurance seems like its own mysterious realm, filled with terminologies that sound formidable and enigmatic. At the same time, people also understand the profound importance of insurance and what it can mean for the safety…
Directors and Officers (more commonly called D&O) insurance protects individual board members from paying out-of-pocket for legal expenses resulting from good-faith decisions they make in the course of carrying out their duties. Here, an in…
Many apartment dwellers live under the misconception that their choice of dwelling--whether it’s a multi-family building or in a community--relieves them of many of the mundane responsibilities of home ownership, like no lawn to mow and no …
Lawsuits are expensive endeavors, period. But what about everyday legal costs - contract vetting, sending documents back and forth, assessing prospective purchasers' information, and so forth? How can boards keep a lid on those expendit…
One can be forgiven for not keeping up on the latest in technological development. When it seems like Apple is holding keynote events every 11 days to unveil the latest iPhone, it can be both mentally and financially exhausting to stay on t…
To claim...or not to claim? That can be a tough question; on the one hand, nobody wants to pay out-of-pocket for something their insurance policy covers. On the other hand, too many claims can add up to increased premiums - or get a condo o…
A proposed agreement drafted by New York City’s Housing Preservation and Development (HPD) department has caused Mayor Bill de Blasio some grief recently, as regulatory measures affecting buildings in the Housing Development Fund Corporatio…
When it comes to hiring professionals – either to do work on a property, or provide some sort of service for a co-op/condo/HOA community—it’s generally the property manager who solicits bids, goes over proposals, and cuts checks to pay for …
You work hard and try to put money away to be used for a rainy day —hoping of course that that ‘rainy day’ is a long-awaited trip to somewhere fabulous and tropical. Then, boom—the brakes on your car suddenly go, or one of the kids needs br…