Self-management definitely has its perks - autonomy and cost-savings being two big ones - but eschewing professional management also has its downsides. In this video, legal professionals discuss how boards that opt to self-manage can steer …
New York City Mayor Bill de Blasio's recent comments about private property rights have raised some eyebrows, both in the media and especially the real estate industry. In an interview with New York Magazine , de Blasio--who is ru…
Given that a condominium or co-op board is charged with representing the interests of a diverse group of homeowners or shareholders, it follows that boards themselves should embody the diversity of their resident population. In New York Cit…
One of the facts of life that apartment dwellers live with -- particularly those in older buildings -- is the window-unit air conditioner. Certainly the upside of having one is that it gets you through the airless, sweaty nights during the …
Q. I live in a co-op in Bayside, Queens. We have not had a board meeting in almost two and-a-half years. I call and get no answer. Also, there is the issue that the president of the board is also the owner-manager of a property management…
Q. I am a duly-elected board member of my New York co-op. I have requested financial information from our co-op's treasurer. Although I have gotten various email responses from the treasurer that 'talk around' the subject and he says he…
Q. My husband is the president of our condo community, and some board positions' terms are ending and are up for vote, but he has another year before his term is up. My question is, can the new members vote to remove the sitting president…
The amount of time and energy invested by board members in the many decisions and projects surrounding the successful functioning of a building community can demand the kind of commitment and dedication required by a demanding part-time job…
Unless you call a sprawling Wyoming cattle ranch home, chances are that in your life, space comes at a premium. And while living in close quarters in places like New York City is often fodder for jokes, the problem of not enough space (or t…
For the board members and managers handling the successful operation of a co-op or condo community, one of their biggest responsibilities revolves around their fiduciary duties. They are, after all, dealing with people’s biggest assets: the…