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| "Self-management comes with legal risks. 'Volunteer' directors are held to the same standard as a professionally trained property manager. Board members should minimize their legal exposure. All associations, regardless of size, are better served by retaining experienced professionals for major functions and projects." --Mark D. Pearlstein |
| Mark Pearlstein specializes in condo law and has offered invaluable insight weekly as a Condo Columnist since 1988. Obtain a helpful legal perspective on issues facing condominiums and homeowner associations, often including updates to the Illinois Condominium Property Act, every Sunday in the Chicago Tribune's Real Estate section. For professional legal services, visit his firm's website at www.lplegal.com |
| “AAI's board training is by far the best investment we have made. Most of the advice/feedback appears to come from situations or issues that they have actually experienced. They are extremely knowledgeable, the follow-up has been exceptional, and they have always been prompt with responses. We had no idea how much we did not know!” --David Wood |
18 N. Ada is an 18-unit townhouse association located in the West Loop area of Chicago, Illinois and is self-managed. It was new construction and turned over by the developer in 2001. |
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"As a CPA for about 30 years, I often encounter associations in financial trouble with income shortfalls that do not meet the actual operating expenses of the association. This can be common shortly after developer turnover if his financial obligations have not been met. In addition, poor reserves planning may result in the need for an unanticipated special assessment or construction loan, often creating financial hardship for the homeowners. --Brad L. Schneider, CPA |
| CondoCPA, a division of Schneider, Cupero & Associates, has specialized in accounting, audit and taxation for community associations since 1990. Licensed in Illinois and Florida, they provide cutting edge, technological accounting solutions to over 200 community associations—professionally and self-managed—and tailor their services to each client's needs regardless of size. Brad is a frequent speaker at CAI with published articles on related industry topics. www.CondoCPA.com |
| "Developer and management transitions are, by their very nature, fraught with difficulty. Our situation was particularly challenging as we faced the attendant responsibilities of a complex developer turnover as well as the process of interviewing and contracting a new management company all at once. However, thanks to the calm, level-headed guidance we received from Association Advocates, Inc., we managed to work through a staggering number of issues. I know I can always call upon Angela and Shirley with our concerns and receive prompt assistance in finding solutions." --Jeff Weiler |
| Vue 20 is a 20-story, 140-unit newly constructed building located in the South Loop area of Chicago, Illlinois and is professionally managed. Original management was put in place by the developer and was turned over in December 2003 with the exception of the commercial space on the first floor. |
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"Belatedly, I would like to thank Shirley and Angela for the great work you did for us and the invaluable training we received, which allowed us to act with confidence as a board. Your guidance with pre-turnover issues and the post-turnover developer and financial analysis has given our board the tools to make wise decisions during a very confusing time and to work as a team with our management company. --Ralph Hoadley |
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Regency-Balmoral is a 4-story, 25-unit building with multiple entrances located in the Edgewater Beach area of Chicago, Illinois and is professionally managed. It was a condo conversion turned over by the developer in April 2004. |
| "As a Residential Real Estate Developer, you have to wear many hats, but you just can't be an expert in wearing every hat. Just as it is important to hire experts to design and build our properties to provide the best quality, it is important to apply that same attention to detail while managing the property to ensure a smooth transition to our new homeowners. Hiring Association Advocates, Inc., an expert in developer turnovers, to handle the complexities of our most recent 57-unit Condominium Association turnover was a good decision. One less hat to wear, one complex job well done. I would encourage any developer -- large or small -- to utilize Association Advocates' turnover expertise as it benefits all parties involved." --Ken Sproul President, SMB Development |
| The SMB Development team members of Kenneth Sproul and Arthur Mitchell have participated in some of Chicago's most unique and exciting residential projects including Lakeview Pointe, The Madison Club, Tuxedo Park, The Oak Club, The Pointe, The Mohawk Homes, The Residences of Central Station, The Embassy Club, The Prairie Homes of Dearborn Park and are currently in development with The Larrabee. www.lakeviewpointe.com |
“Association Advocates has been a great find in our quest to manage our association in the most efficient way. Although we previously had a professional management company in place, the Board felt like we were still doing all the work, but didn’t understand if we were doing things the right way. Our Board Training Session with AAI really opened our eyes to the right and wrong way to manage our association. From then on we felt more comfortable in self-managing the building. One of the best things about having AAI as a consultant on Retainer is their quick response to any questions, no matter how small or stupid it may sound to us.” |
| Beacon Terrace is a 3-story, 19-unit courtyard building with multiple entrances located in the Sheridan Park area of Chicago, Illinois and is now self-managed. It was a condo conversion turned over by the developer in 2004. |
| "I would unhesitatingly recommend Association Advocates, Inc. to anyone needing assistance in the selection of a management company, and in the transition from one company to another. All is now running as smoothly as an association ever runs. You ladies were everything we could have wished."
--Joyce Ebersman |
| 1143 S. Plymouth Ct. is a 6-story, 74-unit well-established building located in the Printers Row area of Chicago, Illinois and is professionally managed. Its amenities include a pool managed by the Master Association. |
| "As a real estate agent, I always try to assist my clients by offering suggestions and resources to make their condo purchase the best investment they can make. Because the current real estate market is so competitive, I recommend that buyers consider the stability of the Association as part of their purchasing decision. For this reason, I feel Association Advocates, Inc. can be a benefit to any Association in helping their owners obtain the highest resale value for their property and has the potential to set their building apart in this competitive marketplace." --Stacy Karel Agent/Partner, Keller Williams Chicago Properties |
| Stacy is a real estate consultant specializing in residential and investment properties in Chicago, Illinois. Her website www.CONDOChicago.com is an invaluable resource allowing clients to take control of their real estate search with access to the multiple listing service. |
| "Our consultation and training seminar conducted by Association Advocates, Inc. proved to be very valuable in having a more knowledgeable Board of Directors resulting in the elimination of frustration, while saving time and money. I would recommend them to condo associations as a must have."
--Ava Anthony |
| Tower Lofts is a 7-story, 80-unit loft building located in West Lakeview, Chicago, Illinois and is professionally managed. It was newly constructed and turned over from the Developer in June 1996 with the exception of the commercial space on the first floor. |
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"Board members need to remember that they are running a business. They need to divorce themselves from personal agendas, animosity towards others and, to a large extent, emotion. They are making business decisions. The Association Advocates Inc. Educational Program provides a valuable service to association board members by instilling this sense of professionalism and expertise in the decision making process from a business standpoint." |
| John Bickley is an attorney concentrating in the representation of condominium and community interest associations. His extensive litigation experience in the context of developer turnover issues is well suited to assisting new associations in the pre and post turnover phases of the development. He has co-authored a series of "how to" condo law pamphlets including "The Board Members Guide to IL Association Law" and is a frequent Lecturer/Instructor on such topics. www.ksnlaw.net |
"Our Association was overwhelmed with the self-management process and had a very poor experience with a professional management service. Association Advocates reviewed our processes and provided specific recommendations on how we could operate within the Illinois Condo Property Act more efficiently. We were very pleased with the information that was provided, the review of our Declaration & Bylaws was very helpful, and AAI has been very responsive to our questions—both via phone and email." |
| 722-728 W. Addison Condo Association is an 11-unit gut rehab conversion turned over from the developer in 2004. It is located in the Wrigleyville area of Chicago, Illinois and is now self-managed. |
| "The training session provided by Association Advocates, Inc. gave us a much better understanding of our condominium documents, board obligations and efficient management tips by putting it all in layman's terms. We would highly recommend their services. They Rock!"
--Lisa Dobogai |
| 5400-5420 N. Sheridan Rd. Condominium Association is an 80-unit rehabbed condo conversion building in Chicago, Illinois, which is self managed. |
| "I've worked with Angela Falzone on various Reserve Studies for many of her buildings and have always been impressed with her knowledge of the industry and guidance to her Boards to take proactive steps in maintaining their properties. While doing a Reserve Study for Shirley Feldmann's loft building in 2001, I was surprised to learn she was not the building's property manager but, in fact, a volunteer Board member as I found her more knowledgable and efficient than many property managers I've met. I suggested that the two meet as I thought Angela's expertise and Shirley's keen attention to detail would be a nice match. Association Advocates, Inc. is a great concept melding their talents offering a greatly needed service to this industry." --Thomas A. Corbett President, Tomacor, Inc. Property Inspections Service |
| Tomacor provides professional consultation services for: Construction and Repair, Pre-Purchase Inspections, Reserve Studies and Home Inspections. "What you don't know can cost you plenty!" www.tomacor.com |
| "I highly recommend Angela and Shirley to EVERYONE who serves on a condo board. There is no manual for how to run an association legally and properly. The education, guidance, references and lightning-fast responses provided by AAI have been invaluable in giving our board the knowledge and confidence to govern our association appropriately. This goes a long way toward convincing the owners that we know what we are doing!" --Beth Mingledorff President, Columns Condominium Association |
| Columns Condominium Association is a 10-unit rehabbed condo conversion building turned over from the developer in 2000. It is located in the Uptown area of Chicago, Illinois and is self-managed. |
| "As a Realtor, Assocation Advocates, Inc. helped to fill in a blank in my education and experience. No one requires a course in the Illinois Condominium Property Act. I now feel better qualified to provide my condo clients with the necessary supervision to guide them through the sales process and after the sale—especially with developer turnover issues. As a condo owner, board president and developer, this training provided me with the information I needed to feel confident in the administration of my own Association. In addition, the more I can help my condo clients, the better my services as a Realtor become. I recommend Association Advocates, Inc. to all in the Real Estate Profession—owners, developers and realtors alike." --Bill Barnes |
| Bill Barnes is a Realtor specializing in condominium new construction, conversions and residential investment properties. www.bbarnes.com |
| "As the condo board president of a new conversion, I had no experience with the legal, accounting and management issues of a self-managed property. Angela guided us through a maze of problems and set us on the right course. She mediated problems within the association, told us where to find legal advice, and, most importantly, gave us the information we needed to properly manage our property within legal guidelines. I do not know of any other service out there that will work so closely with new conversions. Thank you Angela!" --Marilyn Soltis Past President, Argyle Place Condominium Association |
| Argyle Place Condominium Association is a 12-unit rehabbed condo conversion building in Chicago, Illinois |