Category: Association Operations

Finance Understanding Operating Costs
2012 October Understanding Operating Costs

 In your own household, you have money coming in and money going out. You have  things you want to save up for—say, a new cool high-def, flat screen television or the latest iPad. Yet you owe  your car company and your creditors. To keep i…

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Management Fiduciary Duty
2012 October Fiduciary Duty

 Whether they serve a co-op, condo, or HOA community, board members have a  responsibility to govern and make decisions on behalf of that community—a charge that is often referred to as the board's 'fiduciary duty.' Decisions  made on beha…

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Finance The Nuclear Option
2012 September The Nuclear Option

 In the tough environment that has characterized both the national and world  economy over the past few years, many condo owners have faced job loss, reduced  salaries, or just financial uncertainty. While the situation has made things  ex…

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Management Under New Management
2012 September Under New Management

 For the most part, it's human nature to be somewhat fearful of change. People  tend to stick with what they have and what they know, rather than explore new  possibilities.    That’s definitely the case with condos and co-ops in re…

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Management Trash Talk
2012 September Trash Talk

 Removing a multifamily community's trash and recyclables is an important job,  especially in a private development that is not served by municipal or city-run  sanitation services. And though it is crucial to their daily lives, most peopl…

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Energy Conservation Ten Hot (and Cool) Tips
2012 September Ten Hot (and Cool) Tips

 Energy efficiency has become a “buzz word” over the past couple years throughout Chicagoland and more and more gadgets and  devices have come on the market that are specifically designed to use less  energy. Saving energy does a lot more …

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Energy Conservation Garbage In, Garbage Out
2012 September Garbage In, Garbage Out

 We as a culture produce a lot of trash—and not just in the form of reality television shows, late night infomercials  and bad romance novels. Whether it’s the candy wrappers we toss into the trash bins outside on the sidewalk, the  newspa…

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Energy Conservation Green Pioneers
2012 September Green Pioneers

 Going green doesn’t have anything to do with choosing a natural paint color for your kitchen, or  planting herbs in your community garden. But the phrase can have many different  meanings across a broad spectrum. Turning off lights in roo…

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Energy Conservation Help with Going Green
2012 September Help with Going Green

With the green movement in full swing across the country, it is not surprising that incorporating energy saving and improved efficiency measures has trickled into condominium development. Today, many buildings in the Chicagoland area p…

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Maintenance Brew Your Own Juice
2012 August Brew Your Own Juice

 When the power goes out and city dwellers are left in the dark, people assume  they won’t be stuck in cold apartments for days. Just as we expect our hospitals to have  backup power generators to save patients who are on life support syst…

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