Q.  “I live in a building with storage lockers for cooperators on the ground floor and one storage locker on each floor. All the lockers are closed, so the contents are not visible. The building porters inspect the rooms in which the locke…

Positive cash flow is the lifeblood of any multifamily residential community, be it a rental building, co-op, condo, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to…

While some co-op and condo communities have tried social media platforms like Facebook, Instagram, TikTok, or Twitter/X as ways to build community spirit and facilitate better communication between neighbors, management, and even the board,…

Board approval has been part and parcel of buying into an NYC co-op since the housing model was introduced to the city in the late 1800s. Boards can demand troves of personal information from buyers and can approve or deny a purchase for ju…

Over the past several years, liability and excess liability insurance carriers have been exiting the New York marketplace. This trend has led to fewer options for securing proper coverage, and higher premiums for obtaining sufficient covera…

The past few years have seen a dramatic swing from the red-hot market for condos and co-ops nationwide to the more challenging conditions markets around the country are experiencing today. Some of the underlying factors for this shift are b…

With inventory limited, demand high, and prices even higher, the housing market in New York City—and indeed, the whole country—is in a state of crisis. It’s one of the few things lawmakers, activists, and nearly anyone trying to purchase a …

Among the many factors necessary for multifamily residential buildings to achieve financial stability, proper budget planning, compliance, and trust among shareholders, effective fee management is one of the most important. Understanding th…

The first day of work can be intimidating; there are new coworkers, new tasks, new routines, and lots of new names and faces to remember. Whether the new hire in question is a super, porter, custodian, or other on-site staff member, that ac…

The right property management team can make or break a building. While basic day-to-day maintenance and financial oversight often take priority when managing a multifamily property, comprehensive property management also includes building s…