Lack of control- Tenants generally have very little influence over the apartment itself. They’re subjected to many rules and restrictions that prevent them from being creative with decor or renovations. This can be a huge problem for people who want to transform their home, but it’s definitel...
When you own a condo, you’re usually part of an association, an HOA. This association typically requires all members to pay membership fees and abide by certain rules and guidelines. As an owner and association member, you’re entitled to certain rights and protections under the law, and ...
such as doing repairs and taking out the trash. In slightly larger buildings, the super may have a porter but he still does hands-on repairs. In still larger buildings, where there's a staff of
“I think that there will be litigation over short-term rentals. Condominiums have been attempting to limit the presence of rental services such as Airbnb in their associations. The proliferation of such services and the frequency of association efforts to prevent it is likely to lead to dispute...
A condominium, cooperative, or homeowners’ association elects a board for a specific purpose: to manage the community’s day-to-day business, oversee special projects, and draft and uphold the rules and regulations that keep life orderly and harmonious. In fact, the board has an inflexible fi...
We live near a major hospital and when we travel, we would like to occasionally offer out our room for free to people who might be visiting for an illness or a sick child. This is much harder to do with traditional real estate investing!
Imagine you’re part of a condo association, and there’s a big argument about the rules. Maybe someone wants to change the color of their front door, but the rules say you can’t. Or perhaps the condo board decides to start a big project, like updating the pool area, but not everyo...
as is a newly renovated park built on the piers across the river from Greenwich Village. The first floor of City Hall is an unofficial Sinatra museum. (That Sinatra disavowed all association with his hometown and had not set foot in the city for years prior to his death does not dim the...
Send me a private message if you would like to share your rules. Thanks. I have an unusual situation. I bought my condo from the developer (no resident HOA owners in control yet) who was the President of the "HOA." As part of my sales agreement, the developer installed a 240V 14/...
If you had to name the single most valuable individual to your co-op or condo, who would it be? Certainly, your board president, managing agent, corporate counsel and accountant are key players. But boards and residents should never underestimate the importance of a competent, conscientious supe...