Are We Better?

by Julie Adamen julie@adamen-inc.com The other day Dan asked me “What’s changed since you started managing (in 1987 – when it was Hip to be Square), and do you think the client experience is any better now than it was then?” He does this for a couple of reasons; one is out of curiosity, the other to get me thinking about an article for the NewsLine. The funny thing is, I really had to think about it. I know what’s changed: Technology. But is the client experience any better? In the late 80’s and early 90’s, the centerpieces of workplace technology were pagers, fax machines and electric typewriters. The majority of… Read More

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What’s the difference between a bank loan and an HOA loan?

I was recently presented with the following question from one of my clients. I am publishing it here, along with my answer, in hopes of sharing the knowledge. It is a common question that all of us within the HOA lending field should be able to answer. Question: What are some differences between a construction loan or line of credit from a “normal” bank and an HOA loan or line of credit as a specialized lending option? I’m having trouble understanding the pros and cons between them. Answer: The differences are very stark. A construction loan handled by a traditional bank reflects that there is real estate involved. The financing provided might be to construct… Read More

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Should I Rent or Purchase a Second Condo Parking Space?

S.K. from outside of Connecticut writes: Dear Mister Condo, My husband and I want to buy a new condo. We would need 2 cars. The condo comes with one parking spot. The second parking spot is $23,000. Or, hopefully there will be a spot to rent, but that wouldn’t allow us to park next to each other. We don’t know if we will live there for 6 years or it could be as little as 1 or 2 years. This is the only time that we can decide to get adjacent parking spots. Is it worth the risk? Mister Condo replies: S.K., I am not sure I understand what the… Read More

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Former Condo Board President Feeling Threatened by New President

W.R. from New Haven County writes: Dear Mister Condo, I been having serious issues with the new president and other board members since I stepped down a year ago. This position went to the new president’s head to the point where she put all my neighbor’s business out in the community and when my neighbor addressed her via email she then called the management company to tell them she felt threatened by her. Then we were going back and forth via email about some of the bylaws & rules and as well as rumors that she was talking trash about me, she turned around and falsely accused me of threatening… Read More

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