New Jersey has had its share of hurricanes and weather disasters over the years, and while sometimes there's ample warning before something calamitous happens, that's not always the case. A bad situation can be made immeasurably worse when…
With natural disasters causing catastrophic property damages becoming more common, associations must be prepared for unexpected expenses, such as a major roof repair, or the installation of a new heating and cooling system. These major cap…
If you want to find out about the history of a town, region or country, head to a museum or look it up on the Internet. If you want to find out about your family’s history, look at your photo album, whether it’s in a book or online. And…
The foundation of any properly run condo association or co-op building rests on residents paying their monthly maintenance fees on time and in full, with no delays or delinquencies. However, thanks to the lingering effects of the ebbing…
The vast majority of both one-time projects and long-term service contracts involving vendors and service providers and their condominium or HOA clients go smoothly and either conclude or continue without incident. However, a small per…
The feel of the sand and the sun; the smell of sunscreen, and the view from the boardwalk carry a huge importance for New Jerseyans and the Garden State's economy. Last year's Superstorm Sandy almost completely destroyed many of the se…
Even in 2013, with the economy slowly recuperating and markets improving, the words “housing crisis” still have the power to send shivers down the spines of homeowners who are still feeling the effects of the collapse of the market in 2…
Accountants are a norm for most people around tax time. And then, post-tax season, we rarely think about them. But for co-op and condo owners, this shouldn’t be the case. It’s crucial that large associations hire an accountant to help w…
It’s the same dilemma that single-family households across the U.S. are facing: What bills need to be paid immediately and what bills can wait? And should we stretch ourselves thin, taking more out of our bank accounts to pay for privat…
In December 2008, the National Bureau of Economic Research announced that the United States was in a recession that had started back in December 2007. The official announcement was old news for most Americans. Most financially…