The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…

When the average American taxpayer (or tax-dodger, one supposes) hears the word “audit,” they’re likely struck with a feeling somewhere between annoyance and terror—usually because being audited means that something has been found amiss in …

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

The NYC Department of Finance Office of the NYC Comptroller recently released a report detailing options for the city to secure new sources of funding for services. Among these are two that seek to achieve more equitable taxation of real pr…

Conventional wisdom in the New York real estate world holds that certain types of buyers prefer condominiums over co-ops. They include foreign buyers, those seeking pieds-a-terre, and those unthrilled with the extensive financial and person…

While occasional annoyances and interpersonal friction are simply part of the cost of communal living, some behaviors cross the line from minor nuisance into legitimate harassment. Knowing the difference is important—but it can be tricky to…

With limited space, neighbors on all sides, and no back (or front) yards, apartment living has always been about the amenities. The newest must-have? Quiet rooms.  A direct outgrowth of pandemic-related limitations and peoples’ desperate ne…

A current bill working its way through Congress would correct a gap in the way the Federal Emergency Management Agency (FEMA) delivers recovery assistance in the wake of natural disasters. Sponsored by Reps. David Rouzer (R-N.C.), Jerrold N…

Local Law 97 (LL97), intended to make New York City a carbon neutral oasis by 2050, is both an ambitious and commendable attempt to bring a city born in the nineteenth and twentieth centuries into the twenty-second. It also places a substan…

Both the New York State Senate and Assembly have passed provisions to update the famous (sometimes infamous) J-51 property tax abatement and exemption program. It now awaits Governor Kathy Hochul’s signature. The new incarnation of the law …