Dec. 31, 2025, 5:01 a.m. ET
Q: What advice can you offer to condominium associations on good financial practices and how to make the most of their budgets and reserves? (G.C., via e-mail)
A: In my opinion, the most important key to success is a good “team,” which should have members who play particular roles.
The mistake I see most often is the failure of an association to have a standing consulting relationship with a certified public accountant who is conversant in the peculiarities of “CIRA” accounting, which is an acronym for Common Interest Realty Associations.
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