Boards must grasp the importance of building maintenance and decisions, considering the overall property and market value. Management guides boards toward proactive measures, often involving raising maintenance.
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returned by “Maintenance”
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ArticleTopicsColumn TypeIssue
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Don’t Put Off The Inevitable
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Getting Real About Maintenance
Umbrella policies are shrinking while premiums rise, leading to maintenance increases. Communication, education, and early action are crucial for boards facing these financial challenges.
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Budgeting: Your Game Plan Needs to Change
Maintenance increases aren't popular, but are an essential board tool.
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Campaign Promises Can't Always Be Kept
Promises made on the campaign trail need to take reality into account.
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Hikes in Monthly Maintenance or Common Charges Are Always Painful
But letting expenses outrun income will hurt more in the long run.
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Protecting Something Precious
A previous board’s inaction had left his Riverside Drive co-op in disarray. Then Jeff Byles stepped up.
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When the Right Price Goes Wrong
Getting locked into a maintenance contract can be costly down the road.
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When You Need More Power to Collect …
Expand the definition of maintenance.
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If Maintenance Math Is Off …
Fix it to protect your corporate coffers.
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Monthly Fees
To rise or not to rise?
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