As a condo board president of a recently converted building, I have a little bit to offer on the subject of running a condo association. I often run into friends and associates who were clueless about the turn-over procedure from the developer of their building, be it new construction or conversion, and paid a price. Equally so, the majority of my clients purchasing re-sale condo units need condo association education... even when it's their second purchase.
I always advise my clients in small and moderate sized buildings to get involved in their condo association. It's the number one way to protect your investment and improve the quality of condo life.
For the past year I've read attorney Mark Pearlstein's question and answer column on condo associations. Read this week about special assessments vs regular condo fee increases