Married to the homeowners association

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

In marriage, sometimes it dawns on you -- slowly -- after the ceremony that not only have you agreed to bring a spouse into your life, but a full spectrum of in-laws, too. So, too, it can be with homeowners associations: Maybe you thought only that you were getting a residence with, say, a great kitchen or a dazzling view -- but you also bought into a condo board or owners association that will make demands on your cash and maybe on your lifestyle. "I don't know why it is that so many people don't do more research on their homeowners association," said Mindy Waitsman, an attorney with the Atlanta firm of Weissman, Nowack, Curry & Wilco, which represents about 900 owners associations and condo boards in the Atlanta area. "We all know at some level that our home is one of our biggest investments, but it just isn't treated that way." Waitsman and others who deal regularly with the ins and outs of homeowners association rules and finances say it's w...