Even in the best of economic times, preparing a condominium’s annual budget is a tiresome task, fraught with uncertainty, estimations and shifting numbers. Now, factor in one of the most challenging economic downturns in a cent…
Fresh from hoisting up the banking and automobile sectors, a newly muscular Uncle Sam is now turning his attention to putting the skids on the real estate meltdown. Earlier this year, the Obama Administration rolled out two ma…
As recent events in the financial and insurance sectors of our economy have painfully demonstrated, oversight and accountability are vital components in any healthy business relationship -- and that holds true whether you’re talking abo…
Ah, summertime. It’s a great time for property managers to kick back and relax -- except for that out-of-control grill fire on the deck of unit 31 that nearly spread to adjacent units; that ornery 13-year-old who broke his finger during…
Lakewood Township is a diverse community with a rich history, a growing population, and a wide array of attractions and amenities. Located in Ocean County, the township's accessibility to major urban centers has attracted residents who…
If you’re looking for a lush patch of green in New Jersey, you’re in luck: the Garden State is so named because of the multitude of flora- and fauna-filled havens to choose from when you’re looking for an escape. But one garden…
In the last two years, Fannie Mae has amended it guidelines for selling and serving mortgages on condominiums, cooperatives, and planned unit developments three times. Why should service providers, cooperative corporations and community…
Q My question concerns board members who are also real estate agents. How common is this? What must other board members watch out for to ensure that the board member/real estate agent doesn't cross the line and have a conflict of in…
Q About 25 of the single-family homes in our 55+ community, purchased within the past three years, back up to a two-lane public road on the perimeter of the community. When owners purchased their residences, the land across that road…
Q “We have an owner in our condominium association who is several months behind in his fees. He currently has a tenant in his unit. The association pays the bill for his water, sewage, pool and other amenities. Do we as an associatio…