New York City home sales volume (including co-ops, condos, and one- to three-family dwellings) rose to a total of 12,721 in the second quarter of 2017 -- a 15 percent improvement over the same period last year, according to the latest rep…
Q. I own a co-op and I had some damages to the walls of my kitchen, bedroom, and bathroom caused by water and/or leak coming from the side of the roof. I even had to change the kitchen wall, cabinets and floor because of the mold and dama…
Q. The board is asking me to remove my tree on my property where I’ve lived for over 20 years. I believe it’s the board’s responsibility to maintain or remove the tree, not mine. In a letter sent to me, they said that they are concerned…
When it comes to hiring professionals – either to do work on a property, or provide some sort of service for a co-op/condo/HOA community—it’s generally the property manager who solicits bids, goes over proposals, and cuts checks to pay for …
You work hard and try to put money away to be used for a rainy day —hoping of course that that ‘rainy day’ is a long-awaited trip to somewhere fabulous and tropical. Then, boom—the brakes on your car suddenly go, or one of the kids needs br…
Money, money, money. The world runs on it. And your building’s well-being depends on it. The issue is not just having funds, but managing them. Handling the purse for an entire building or HOA is a major responsibility, and boards -- even …
There are few feelings worse than encountering an unexpected expense and finding the piggy bank empty. That is why reserve funds and reserve studies are such important elements in the financial well-being of co-ops, condos, and homeowners’ …
Property management - or rather, effective property management - involves a great many moving parts and potential loose ends. Here, a trio of management professionals discuss how they keep it all straight, manage their time, and do their pa…
Residential sales prices for Brooklyn and Queens during the second quarter of 2017 set records over the same period a year ago, reflecting strong activity in those boroughs, according to Douglas Elliman in a new report released today. …
As we’ve recently seen in the news--from the Democratic National Committee email leaks about Bernie Sanders from last year’s presidential election, to the latest in the Trump-Russia brouhaha --emails aren’t always the safest and sec…