Time For HOA Renovation?

Time For HOA Renovation?

A 100-year-old NYC Condo building needed a facelift. The 10-story building had been converted to condos back in 1995. For the past few years, the board had been barely getting by with patchwork repairs to the elevator and roof. Unfortunately, they had no reserve funds...
HOA EXPANSION OR ACQUISITION

HOA EXPANSION OR ACQUISITION

Why HOAs expand? Fortunately, expansionists boards do not govern most associations. But on occasion, an opportunity arises that is worth consideration. When an opportunity arises, few HOAs have a war chest of funds readily available to take advantage of the situation....
FINANCING PRIVATE ROAD REPAIRS

FINANCING PRIVATE ROAD REPAIRS

A 300 unit association in Florida had been patching, maintaining, and repairing their gravel road for years. They had lived with the situation for a long time. To make matters worse, each time it rained, the old and dated culverts flooded. Unfortunately, the rains in...