2015 July
Focus on... Budget & Finance

Finance
2015 July Money Talks

Imagine sitting down with your significant other to pay the monthly bills. You both put your checks into a joint account and know how much there is to take care of expenses, or so you think. Out of his wallet your husband pulls out receipt…

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Finance
2015 July In The Black

Taking care of a condo or co-op building’s budget and finances is a big job. Handling such large sums of money is an important responsibility, and not every shareholder or unit owner has the expertise to do the job well. Sure, most people …

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Finance
2015 July Safe or Sorry

Those of us without engineering degrees tend to take the buildings in which we live and work for granted. We simply assume that if we go indoors, the ceiling isn't going to suddenly collapse. Of course, buildings can remain upright and str…

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Finance
2015 July Don’t Raid the Cookie Jar

Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new boiler, HVAC chiller or that flat, crack-free pavement just poured two summers…

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Board Operations
2015 July Running the Show at Board Meetings

When it comes to the subject of meetings—specifically monthly board meetings or annual unit owner meetings in condos, co-ops, and HOAs—there seem to be no neutral opinions. A few folks actually like these exchanges, but most dread them. …

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2015 July Haddonfield, New Jersey

Haddonfield, New Jersey has a number of historical firsts associated with its name. The town played a major role in the American Revolution, was one of the first communities to establish independent home rule, and is home to the first disc…

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Board Operations
2015 July Can You Hear Me Now?

Communication is vital to running a successful condo or co-op building. So what happens when homeowners complain that board members are not listening, and—even worse —ignoring their complaints and problems? Well, you can bet it will …

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Finance
2015 July New Jersey’s 2016 Budget Plan

After a prolonged fight between Republican Governor Chris Christie and Democratic lawmakers, Gov. Christie signed a $33.8 billion dollar budget for New Jersey into law. Back in February, Gov. Christie proposed cuts nearly across the board …

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Q&A
2015 July Q&A: Proxy Problems

Q I live in an over-55 active adult condo community in New Jersey. The condo is governed by a non-profit corporation in accordance with the master deed and bylaws. The bylaws are voted on by the members of the community. The board previou…

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