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Board/Management Relations
Striking a Tough Balance
It’s the same dilemma that households across the United States are facing: How much
money can we afford to pay for the services we want? And should we stretch
ourselves thin taking more out of our bank accounts to pay for private schools
and that desperately needed vacation? Or should we cut back on restaurants and
renovations to add more savings to our bank account.
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A Day in the Life of a Property Manager
When your community, co-op or condominium building is externally managed, the
bills get paid, assessments get collected, light bulbs get changed, and lawns
get mowed. And believe it or not, it’s not little elves that take care of these things, but often a team of pros that
work under the umbrella of your property management company. Those are just
several of their many duties. If managers are doing their jobs right,
homeowners might not even realize how many different things, both big and
small, that their property management company does. The job description is as
varied as a day in the life of a property manager.
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Friend Us on Facebook
Grandparent to grandchildren and everyone in-between are using the Internet to
better facilitate and streamline their lives. Whether it’s shopping for ground select coffee beans from Maui, Waterford crystal from
Ireland or a favorite book from Amazon, product offerings are just a mere click
away.
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A Matter of Style
When visiting different doctors, have you noticed that they all have different
personalities? One doctor is friendly and talkative, but another is the polar
opposite—he forgoes the chit-chat, completes a thorough examination, and says goodbye,
matter-of-factly reminding you to make an appointment for your next visit. One
doctor is timid and reserved while the other one is aggressive and loud. And
they all have their own ways of getting the job done.
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The Road Ahead
The recession and accompanying housing crisis have impacted different parts of
the nation in varying ways, with places like New York City looking downright
hearty compared to foundering markets like Florida and California. The Chicago
area real estate market is recouping losses at a pace somewhere between those
two extremes but foreclosures in the Windy City are up, and both unit owners
and lenders are feeling pinched. The situation has led political leaders and
housing special interest groups to work on legislation to deal with the
particular problems wrought by the crisis.
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