As winter approaches, it will soon be time to batten down the hatches so the warm air stays in and the cold air stays out. Keeping indoor air clean is critical to maintaining a healthy environment. The inner workings of a building’s ope…
Q In our parking garage we have access to a bike storage room and an outside bike rack that is next to a resident's handicapped parking spot. Right now the only way to get to the bikes is to "trespass" over the parking spot. Our concern…
The key to proper financial management of a co-op begins with the presence of a strategic plan. This plan should include, at a minimum, a projection of necessary capital improvements; and a forecast of revenue and expenses over a ch…
Following the nationwide mortgage crisis, there is a lot of concern across the country about communities being faced with the prospect of foreclosure. Many states have enacted legislation relating to how to handle properties in arrears…
The sad reality is that when a hurricane, flood or fire strikes, often the greatest damage is not caused by the crisis itself, but rather by poor decision making by boards in the aftermath of the event. In the aftermath of a d…
New York City law will phase out the burning of Number 6 fuel oil in the near future. Should you wait until the last minute until making the switch to cleaner fuel oil in your own building? Does it make sense to do it now, or …
Election season typically starts around Labor Day, when we start to be bombarded with reminders to cast our ballots to choose who we want to be in charge of our city, town, state and country. It ends on Election Day in November, when th…
If the board of directors is the Barnum & Bailey of the cooperative or condominium, the manager is the ringmaster. The board finances the show and books the talent, but all eyes are on the manager. “Everything falls on you,” sa…
If we gave Manhattan neighborhoods human personalities, the meatpacking district may be the hip, in-the-know popular cousin and Central Park South would be the conservative Wall Street banker uncle, it would stand to reason that Murray …
Whether you are dipping your toe in the real-estate buying pool for the first time, or you’re soaking in it after purchasing numerous properties, the Institute of Real Estate Management (IREM) is an organization to take note of. …