The 3 Biggest Deferred Maintenance Mistakes That Condominiums Make
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
We all know that supplemental fees and increasing condo fees are the last thing owners want to consider, especially when it’s for something that doesn’t typically impact your day-to-day life in your home.  However, preserving your building envelope can be the best proactive investment your association makes…just ask any owner that has paid a special assessment for an annoying leak that turned in to a major building facade job. Want to get the maximum number of years from your building’s exterior and not lose your wallet or wage war with your fellow neighbors?  You need a maintenance ..read more
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5 Tips For Maintaining A Self-Managed Community
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
When it comes to routine maintenance, self-managed communities are at a disadvantage. Large Boston property management companies like ours are able to use their size to reduce costs and attract vendors to each individual community, but a self-managed community doesn’t have that kind of leverage. Large management companies also have more resources in place to learn about vendors and minimize risks. To help even the score, self-managed communities should consider the tips below. Compliance  One of the most important aspects of self-managing a community involves making sure that the communit ..read more
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The Crucial Responsibility: Stepping Up To Serve On The Board Of Trustees
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
As the community’s primary source of guidance and leadership, a condo association’s board of trustees carries a great deal of responsibility. The board must learn how to deal with complaints from residents, enforce the association’s rules, work with third party companies like Boston condominium management  and continuously work to improve the association as a whole. To be effective, the members of this board must be willing to dedicate both their time and energy to the betterment of their community on a daily basis. Because of its demanding nature, running for a position on the condo asso ..read more
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Considerations on Whether To Allow Marijuana In Condos
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
Marijuana use is still illegal under federal law. However, recent changes to Massachusetts state law allow people who have certain debilitating conditions to grow and/or use marijuana for medical reasons. This new development presents a unique challenge for condominium boards, since some residents may now wish to grow, store and utilize marijuana inside of their units. We would like to provide you a few things to consider when deciding to allow marijuana in your managed condos. Potential Issues Allowing unit owners to grow or smoke marijuana inside the building can cause multiple problems for ..read more
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A Portfolio Approach to Energy Performance
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
“Energy Hogs” Multi-family communities have an opportunity to enhance their comfort and satisfaction while reducing one of the largest controllable costs they face: the cost of energy.  Associations are positioned to simultaneously reduce operating expenses, increase net operating income, improve their image and help protect our environment. Strategic investments that reduce energy use also improve asset values.  Associations should raise awareness about the energy savings potential in their communities by educating residents and providing a path toward higher stages of sustainabilit ..read more
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Investigating How Reasonable Accommodation Requests Are
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
Condo associations deal with a variety of requests from their residents on a daily basis. In most cases, the association can easily decide whether or not to grant the request based on the cost, feasibility and necessity when it comes to onsite property management. However, when requests made by residents involve accommodations for a disability, the situation becomes more complicated. The Federal Fair Housing Act Under the Federal Fair Housing Act, disabled individuals are entitled to an equal opportunity to enjoy their homes. The act requires condo boards and other housing providers to grant r ..read more
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How To Prepare For Your Association’s Annual Meeting
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
The association’s annual meeting is perhaps the most important management-related event of the year. Because this meeting is so essential to the association’s future, it’s important to begin planning for the annual meeting well in advance. Below are some tips from Mediate Management Company to follow as you prepare for your association’s most highly-anticipated gathering. Prepare Early Long before the meeting, take the time to create both a pre-meeting and post-meeting checklist. The pre-meeting checklist should include reserving the venue, planning an agenda, advertising the meeting to assoc ..read more
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Stop Winging It: How Boards Can Avoid Decision Failure
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
Condominium boards exist to make decisions in the best interest of the community and then follow through. However, when it comes time to act, the board may find reasons to stall or back down. In such cases, the board becomes essentially ineffective. Some of the most common sources of decision failure include: Fear of Backlash – Some board members may be afraid to act because they know the decision that needs to be made will anger their neighbors, and they don’t want to be held responsible. Lack of Information – In some cases, the board may see that an issue clearly needs to be solved, but it m ..read more
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An Effective Moving Policy Saves Money
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
An effective moving policy helps associations avoid the costs of repairing building entrances and common areas, as well as other significant fees, after residents move in or out of condos.  Boston property managers at Mediate Management Company recommend associations create moving policies before the summer months and certainly prior to the heaviest day of student rental turnover, September 1st. As part of the moving process, furniture, boxes and odd-shaped items must be maneuvered and may collide with doors, walls, floors and fixtures if extra care isn’t exercised.  People ten ..read more
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AirBnB and Subletting: 5 Keys You Must Know To Succeed
Mediate Management Company | Boston Property Management Blog
by Mediate Management
2y ago
Boston is home to numerous colleges and universities including MIT, Harvard, Boston University and Boston College. The student population puts pressure on the demand of rental properties, making property management in Boston necessary. Consequently, many students turn to sites such as AirBnB or Timeshares to find tenants willing to sublet. What is subletting? Subletting is when a tenant who has a current lease contract decides to either rent a room in their apartment or the entire apartment to another tenant on a short-term basis. Why tenants sublet According to Property Investment Project we ..read more
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