October 15, 2009
As things deteriorate in our economy, management companies are being squeezed like all other businesses. There is more competition from new, small and inexperienced firms, lower fee income, and in some cases, rising overhead and expenses. One way that some management companies will combat this operating dilemma is to add more and more properties onto the property manager. This will overload the manager to the point where nothing gets done well and all parties to this become unhappy. The employer, the manager and of course, the clients are all unhappy at the performance level of everyone involved.
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October 14, 2009
Condominium owners do not need as much casualty insurance as a homeowner, as the association is covering much of the structure. The insurance coverage for a condominium owner should include personal property and liability. There are policies for condominium owners, known as form HO-6. These policies will provide the liability and personal property protection a condominium owner needs.
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