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…)


Dear PoPville


3210 Grace St NW via IG “Haute Revolutionary Cuisine. Come and try our new experience” formerly named High Road Cycling

Thanks to Sandra for sending: “I wanted to share some photos of new place that just opened up on Grace Street in Georgetown, across from Chaia – it’s a fabulous new spot with a great menu (the octopus was so delicious!) and great cocktails named HRC by Emmissary. (more…)


Rant/Revel


photo by Fritz Myer

You can talk about whatever is on your mind – quality of life issues, a beautiful tree you spotted, scuttlebutt, or any random questions/thoughts you may have. But please no personal attacks and no need to correct people’s grammar. This is a place to vent and/or celebrate things about daily life in D.C.

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Event

The DC Chamber Musicians close out the 25-26 season with popular works by Brahms and Dohnanyi, and three selections of newer works that are sure to delight. All set in the lovely St. Thomas’ Parish Episcopal Church in the Dupont Circle neighborhood. Join us afterward for a reception featuring light refreshments (including beer and wine) and an opportunity to chat with the musicians.

On the Program


Events

From an email:

“Enjoy a special production of “Who’s in Poetic Parrot’s House?” (a remixed version of the Masai story “Who’s in Rabbit’s House”) performed by the talented “Summer of Sound” Summer Camp, brought to you by East of the River Steel Band. (more…)


Animal Fix

“Here’s Pepper, a tabby cat from Capitol Hill, taking over the doll’s bed.”

If you have any animal/pet photos you’d like to share please send an email to princeofpetworth(at)gmail(dot)com with ‘Animal Fix’ in the title and say the name of your pet and your neighborhood.  If you love the animal fix and want to ensure PoPville’s long term viability please consider donating to our Patreon here.