Sponsored

The reality

You’ve probably never read your building’s property management contract all the way through. Most board members haven’t either. If you did, you’d find a carefully defined scope of work — vendors coordinated, maintenance dispatched, assessments collected, reports generated.

What you wouldn’t find: anything about fiduciary duties. Reserve funding strategy. Compliance tracking. Case documentation. Institutional memory. The legal obligations that make your board personally accountable to unit owners.

That’s not an oversight in the contract. It’s the contract. Property management was never designed to cover governance. And yet most boards — paying $10,000 to $18,000 a year for the service — assume it does.

Operations and governance are different jobs. One has a contract. The other has a fiduciary duty.

What your building is paying — and what it’s getting.

What the contract covers. What it doesn’t.

The markup problem most boards don’t know about.

Beyond the management fee, most property management companies mark up vendor invoices — the plumber, the landscaper, the elevator contractor — by 10 to 15 percent before passing the bill to the association. It’s legal. It’s common. And boards have almost no visibility into it. (more…)


Bloomingdale


via google maps

“Dear PoPville,

A friend of mine was involved in a bad crash on the unit block (we think) of R st NW around 9pm Saturday night (11/2) on a scooter. He has little recollection of the accident but knows a kind couple came to his rescue until medics arrived and took him to the hospital with a head injury. He is doing ok, but I figured you may be able to help find the couple that helped so he can thank them? Thank you.”

Ed. Note: If you know/are the couple please email me at [email protected] so I can put you in touch with OP.


Event

Oyez! Oyez! Oyez! All persons having business before The Honorable Callie Pigeon and Delilah Dentata are admonished to draw near.

Callie and Delilah, “Attorneys at Law”*, hereby summon you to a burlesque and variety “tribute” to crime, justice, and lovers of both!


Election

“Dear PoPville,

Wondering if you can pose a question to the community about ballot processing. I recall in the past it only taking a couple of days to get a notification that my ballot has been received after dropping it in one of DC’s drop boxes. It’s been a week and I haven’t gotten a notification. Are others noticing that it’s taking longer this year?” (more…)