Many expenses, small and large, are involved in the process of managing a residential building. A majority of these are unavoidable, such as mortgage payments in the case of a co-op, utility costs and payroll; however, when large sums of…
All healthy co-ops or condos possess healthy bank accounts. One way to make sure that financial glow stays bright is to infuse it with extra income, above and beyond the usual monthly fees and payments. There are a number of options for bri…
A full pane of glass fronts the Madison Avenue townhouse office of Stribling & Associates, a luxury residential real estate brokerage firm. Four ornate gold frames hang museum-style in the window and the pictures inside feature large, luxur…
By now, it is evident that the Internet is to our generation what the West was to our founding fathers–a vast land of opportunity to explore and cultivate. The World Wide Web has already established itself as a place to obtain information, …
Quick: the first residential co-op was created in (a) 2000 BC (b) the 1700’s (c) the 1800’s (d) the 20th century. Now, don’t laugh off choice "a," 2000 BC. While there doesn’t appear to have been co-ops quite that far back, there are record…
The following article contains excerpts from a series of statements submitted by Michael Lockhart, president of American Telephone and Utility Consultants and founder of The Coalition for Water Bill Justice, and Lawrence Schatt, deputy comm…
Co-ops have to be vigilant and address defaults due to nonpayment, objectionable conduct, illegal sublets, bank foreclosures and below market resales, and shareholders declaring bankruptcy. Some proprietary leases and bylaws appear to give …
New York, my old home state, presently litigates all co-op and condo disputes. Litigation, however, continually proves to be an expensive and time-consuming endeavor. Perhaps it’s time for New York to consider compulsory mediation-arbitrati…
As we enter the 21st Century, issues of equality continue to be a problem in the United States. As such, government has created a complex set of laws to protect people from discrimination, but the problem has still not gone away. The respon…
Daniel J. Wollman, chief executive officer and managing director of Gumley-Haft Real Estate, is not the executive one would expect to see as head of one of Manhattan’s premier residential real estate management firms. Casually dressed and s…