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Board Operations Cultivating an Owner's Mentality
2009 Oct Cultivating an Owner's Mentality

Talk to enough property managers and board members, and eventually you’ll hear the phrase “owner’s mentality” mentioned in reference to co-op and condo dwellers. Usually the phrase is uttered by way of a complaint, as in, “Our residents …

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Board Operations The Good, the Bad and the Ugly
2009 Oct The Good, the Bad and the Ugly

Here’s the scenario: the sponsor of your co-op, who owns enough units to throw his weight around, hires a managing agent who plays fast and loose with the municipal tax codes. So much so in fact, that he winds up in jail—and your buildi…

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Q&A Q&A: Unexplained Maintenance Increases
2009 Sept Q&A: Unexplained Maintenance Increases

Q I’ve lived in my Manhattan co-op for nearly 20 years. We elected a new board  president a little over a year ago, and in that short time our board has raised  the monthly maintenance three times. Can a board just keep raising our  ma…

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Q&A Q&A: Superintendent's Salary
2009 Sept Q&A: Superintendent's Salary

Q My question concerns the various forms of compensation our building’s super receives and the shareholders’ right to know the exact sum of his monthly income, as an exact cost to the building. Our super has a fixed salary, which is di…

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Q&A Q&A: Marijuana Smoking Shareholder?
2009 Sept Q&A: Marijuana Smoking Shareholder?

Q I am a member on the board of directors of a co-op in Nassau County, New York. We are experiencing a problem with a shareholder, who we believe regularly smokes “pot” and also entertains fellow smokers in his apartment. The odor pe…

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