Everyone wants to be comfortable in their home, but as every resident knows, that comfort comes at a price. Boards and managers know this too; with rising energy costs, climate change-related weather fluctuations, and looming fines on the h…
As the climate crisis has worsened, governments at the federal, state, and local level have made attempts to legislate solutions. While necessary, that three-pronged approach can often make compliance a complicated process for multifamily b…
With the recent passage of legislation extending key provisions of the Tax Cuts and Jobs Act (TCJA), the debate over who benefits most from the U.S. tax code has once again come into focus. Originally passed in 2017, the TCJA lowered indivi…
The National Housing Conference (NHC)’s Paycheck to Paycheck database is a free tool illustrating "the ability – or lack thereof – of working families to purchase or rent a home in metropolitan areas across the country by comparing wage…
One of the most common—and most daunting—projects undertaken in shared-interest, multifamily communities is facade repair and maintenance. In New York, façade work is almost always connected with Local Law 11 (LL11) compliance, and is a mat…
For recent college graduates, where you live after school can shape your financial future as much as your major, or your first job. With the class of 2025 entering a job market marked by tighter white-collar competition, AI encroaching on e…
A recent item in the Wall Street Journal highlights the potentially dire situation facing residents of Carnegie House, a 324-unit brick co-op building on what’s now called ‘Billionaire’s Row’ in Midtown Manhattan just south of Centr…
Keeping lobby spaces attractive and up-to-date often requires more than a fresh coat of paint and seasonal floral arrangements. One key component is the lobby décor; the furniture and furnishings that fill out the space and make it appealin…
Q. “A majority of unit owners want our entire corrupt condo board replaced, and five of us are prepared to run and serve on the new board. Problem: The current board refuses to schedule an election, which our management company is respons…
Given all the big expenses condo, co-op, and HOA boards have to keep track of, smaller things, like boxes of cleaning supplies and other everyday maintenance items might seem secondary. But the truth is, neglecting those ‘little’ expenses c…