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Budget constraints are an ever-present reality for Condo boards, and unexpected breakdowns and emergency repairs can emerge as the ultimate recipe for disaster in a lingering financial crisis. That’s why condo associations that stay ahead of issues rather than simply react are at an advantage compared to those that don’t. Preventive maintenance for condos relies on creating structured plans and schedules that can substantially contribute to the life of critical assets, lower expenditures, and eventually lead to smoother operations for the entire community. This not only spares them from last-minute hassles but helps them build an image of a financially responsible...

This article contains information about various building safety requirements and Chicago municipal codes. These are common building items and issues that board members should be aware of to remain in full compliance with all city requirements. In practice it is unlikely that your association would be penalized by the city for failing to adhere to some of these requirements. Nonetheless these items are important to maintaining a safe building for your owners and other occupants. You can access the complete Chicago Municipal Code online: http://www.amlegal.com/library/il/chicago.shtml I encourage you to review these items and check to see how your building stacks up....

What to Look for In a Property Management Company When it comes to managing your Chicago condominium, you want to know that the management company you choose has your best interest in mind. You need to make sure that whatever company you go with knows how to properly manage your Chicago property and how to ensure all aspects are covered when it comes to tenant management, property maintenance, and routine repairs that come up. There are a few things to keep in mind when it comes to Chicago property management and here are some you should remember. Documentation is a Must...

Coordinating repair, maintenance, and improvement projects is perhaps the most critical and most stressful aspect of being on a condo board. From landscapers to elevator techs, coordinating multiple vendors can become a full-time job. With the proper strategy (and with the proper support), vendor management doesn’t have to be daunting. With property management for condos done right, your board can save time and money while keeping your community running smoothly. 1. Why Vendor Management Matters for Condo Boards Providing essential services is the duty of every condo association, including cleaning, landscaping, snow removal, security, HVAC maintenance, and more. Towards this end,...

As a management company we are often confronted with issues or disputes between the condo association that we manage and its neighbors. One such example relates to the landscaping of neighboring properties. Specifically, the trees on these properties. If a neighboring property has one or more trees with branches that have grown such that they extend over the property line of your association, you do have the ability to take action. "Air rights" exist such that the legal property lines for your association extend vertically into the air. Due to this, you have the ability to cut back any branches that...