| 2007-October - Financing Options For Special Assessments
In a perfect world there would be no special assessments. Every Association would adequately fund for the future and the upcoming major projects would be paid for out of... More>>
2007-July/August - House Bill 1071: THE FIRST STEP TO ENHANCING MANAGER PROFESSIONALISM
Recent events have illustrated the need for greater oversight of persons serving as property managers and association boards who hire managers. Given the explosive... More>>
2007-May/June - Real Estate Market Down, What Can Boards Do?
City and suburban community association residents wishing to sell their homes all have one thing in common: they are currently suffering from the effects of a buyer's market. Just a few years ago... More>>
2007-January/February - Board of Managers Has Power To Seek Property Tax Relief
The Illinois Condominium Property Act empowers Board of Managers to "seek relief from … the assessment or levy of any tax" on behalf of all unit owners. Among other things, this means that condo Boards are authorized to hire attorneys to contest the tax assessments .... More>>
2006-November/December - New Law For Carbon Monoxide Detectors
What is a carbon monoxide detector worth to you? The answer to this question should be PRICELESS!
A new law requiring Carbon Monoxide Detectors in all homes goes into effect on January 1, 2007.
A carbon monoxide detector can save your life. Carbon monoxide poisoning is the leading cause of injury and death due to poisoning worldwide. In the United States, more deaths occur.... More>>
2006-September/October - Communication Systems
Step outside on a typical Spring day in downtown Chicago at 8 am. What do you hear? Buses flying past, cars accelerating or braking on a dime; but most of all you hear talking. It's the blur of a thousand conversations happening all at once, some happy or sad, some serious.... More>>
2006-July/August - Call of Duty - The Last Installment In A Three Part Series
What is Fiduciary duty? A board member’s obligation to always do what’s best for the association. PENALTY SHOTS. Serving on the board of an association is an honor, but it's also a responsibility that, as the many facets of fiduciary duty suggest, cannot be taken lightly. What happens when a board member can't live up to the ideals of the fiduciary relationship?.... More>>
2006-May/June - Call of Duty - The Second Installment In A Three Part Series
What is Fiduciary duty? A board member’s obligation to always do what’s best for the association. JUDGMENT CALL. Specifically, the business judgment rule requires board members
to exercise two more fiduciary duties: the duty of care and the duty of
undivided loyalty. Together these obligations give you a series of helpful
performance markers.... More>>
2006-March/April - Call of Duty - The First In A Series
What is Fiduciary duty? A board member’s obligation to always do what’s best for the association. A BOARD MEMBER GETS HIMSELF ELECTED so he can ensure that his townhome is included in the first group to have a new paint job. A board treasurer authorizes payments to a friend's landscape company, knowing that the friend is padding the bill. A president instructs.... More>>
2006-January/February - LMS Celebrates 35 Years
Lieberman Management Services is proudly celebrating its 35th anniversary this year. From an
inauspicious beginning in a one-person office, our company has grown dramatically, doubling the number of employees over the past three years. Today we have two locations to serve our clients: the corporate headquarters in Buffalo Grove and the Chicago office in the heart of the city on Wacker Drive.... More>>
2005-November/December - A Message from the Executive Team
Many human beings continue to live day-to-day with the devastating results of Hurricane Katrina. This merciless natural disaster took over 1,200 lives and displaced over a million people from their communities. This natural disaster covers nearly 90,000 miles of the U.S in coastal regions of Louisiana, Mississippi, and Alabama. An estimated five million people were... More>>
2005-September/October - Emergency Evacuation 101 - The Final In The Series
Chicago Responds. With the exception of New York, no other US city has the number of high-rise residential buildings and dwelling units as Chicago. There are approximately 1,700 existing high rises in Chicago (defined as buildings over 80 feet in height) and of these, 1,300 are... More>>
2005-July/August - Emergency Evacuation 101 - The Second In A Series
Why do we evacuate? We evacuate to save lives! Emergency situations (i.e. fire, bomb threat, potential terrorist attack, etc.) are fluid and dynamic environments that prevent anyone from accurately predicting or knowing what the final outcome will be... More>>
2005-May/June - Emergency Evacuation 101 - The First In A Series
What is an evacuation? In the simplest terms, it is the movement of occupants from an area of danger to one of lesser danger. In a high-rise scenario, there are three common options for the evacuation of building occupants... More>>
2005-March/April - Management Company the Year Award
Lieberman Management Services, Inc. is pleased and excited to announce that it has been named Management Company of the Year by the Institute of Real Estate Management - Chicago Chapter (IREM)! The award recognizes individuals and organizations that represent the "best of the best" in the real estate industry... More>>
2005-January/February - Understanding Today’s Natural Gas Market
A brief history. Prior to 1986 the natural gas market was a regulated industry.
All commercial, industrial and residential accounts did not have a choice of
how, or from whom, they could purchase their natural gas requirements. They were
simply a customer... More>>
2004-November/December - “Show Me the Money” Avoiding Assessment Collection Delays
Assessment revenues are the lifeblood of every condominium association. The
failure of owners to pay their assessments when due is a problem for many
associations, especially in tough economic times... More>>
2004-September/October - Association Fortune 500
The current real estate market explosion has increased the value of your
corporation by numbers many of you may find hard to wrap your mind around. When
was the last time you calculated the value of your corporation? Using the
calculation of median sales price times... More>>
2004-July/August - eSTAR - The
Revolution Has Arrived
eSTAR – We’ve been talking about it for months, and now it’s here –
the ability for you and your fellow residents to become better connected
and better informed than ever before. eSTAR originated conceptually
several years ago. The LMS executive team... More>>
2004-May/June - To BE or not to BE...Expensed that is
Most of you have heard the terms "accrual" and "cash"
based accounting. As a general rule, Lieberman provides accrual basis
financial statements and there are many reasons why. Before we can discuss
the advantages of accrual basis accounting... More>>
2004-March/April - The Power of Flowers
Ahh spring, the aroma of new flowers coming into bloom, actually feeling
the warm sunshine on our winterthick skin and all of the possibilities
to beautify our property!... More>>
2004-January/February - While Planning Your Association’s Next
Budget, Why Not Consider Adding A Program For Saving Lives?
Sudden cardiac arrest kills more than a quarter million people in the
U.S. each year, making it the leading cause of death.... More>>
2003-November/December - 2003 Illinois Condominium Legislation:
Flags To Absentee Ballots
Three Bills were enacted into law during the last session of the Illinois
General Assembly. Two measures will have limited impact on operations
of Illinois condominiums.... More>>
2003-September/October - Chicago Facade Ordinance: An Overview
The City of Chicago Facade Ordinance was revised late last year. How
do you know if your building qualifies?... More>>
2003-July/August - Budget and Value
There’s a lot of talk about value in the world of community associations.
Board Members, homeowners and Property Managers alike want to protect
it and enhance it. It’s often the platform on which candidates for the
Board run.... More>>
2003-May/June - Meeting The Challenge: Collecting Assessments
in Trying Financial Times
In these recent times of financial insecurity, Community Associations
need to be vigilant and pro-active in the monitoring and collection
of their assessments from homeowners.... More>>
2003-February/March - The Aftermath Of Mother Nature
How is last year's weather going to affect your landscape? Last season
saw an unusual weather pattern that will more than likely affect how
well the landscape survives this coming season.... More>>
2002-November/December - Lieberman Opens A New City Office
To better serve the needs of our growing City of Chicago clientele,
we have recently opened an office at 401 N. Michigan Ave.... More>>
2002-September/October - Have Your Insurance Costs Skyrocketed?
We are all aware of the recent increases in premiums in the insurance
marketplace.... More>>
2002-July/August - TERRORISTS: Preventing A Homeowners' Association
Invasion
Don’t panic, but be vigilant. This is the message Federal government
is sending to individuals living in high-rise apartment and condominium
buildings.... More>>
2002-May/June - Reserve Study: Remember When...
Flashback to 1985. You just found the Condominium Association of your
dreams - Camelot Condominium Association Phase II. It was new and had
lots of amenities.... More>>
2002-April - Everything You Should Do For Spring Landscaping
and Maintenance
What needs to be done to get the landscaping season off to a great start?
We posed that question to Frank Babcock of award winning landscaper
Clarence Davids & Company.... More>>
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