Q. We recently had to vote to remove our board president from his position, because he was taking small amounts of funds on a regular basis. He said it was all ‘petty cash reimbursements,’ but he never told the board or treasurer about ma…
Q. The bylaws of [my co-op] currently charge utility costs—water, sewer, heat/AC, and electricity—to our shareholders on the basis of the number of shares each unit is assigned. The shares apportioned are variable depending on unit size, …
Q. I serve on the board of my co-op in Forest Hills, and own one unit. Our ‘unsold unit owners’, as they demand we call them, have been in control forever. Originally, there were two sponsors, but both have since passed away, one leaving …
What is the role of a board president in a shared-interest community? Is he or she more like a CEO, an administrative custodian, or a figurehead? Depending on the community and the needs and expectations of its members, the answer could be …
For multifamily and mixed-use buildings, simultaneous heating and cooling needs between different tenants and systems bring challenges to both near-term energy management and long-term decarbonization. Combined, space heating and cooling an…
Among the many hazards that can threaten any multifamily building, fire ranks right at the top. Local news is replete with stories about the property loss, structural damage, and even death that a fire can cause. While horrific in small pro…
Technology and communication are advancing and evolving rapidly in today’s fast-paced world. Multifamily buildings—home to residents with diverse needs, expectations, and preferences—present unique security challenges. These buildings must …
Watch On Demand! Compliance is a key part of a board's duty in order to maintain building safety, improve energy efficiency, and avoid costly fines and legal penalties. While some larger management firms now have in-house compliance depart…
One of the lingering effects of the pandemic is the availability of new - often less expensive - condominium units for sale in buildings that experienced major construction delays and foreclosures during the crisis. While these otherwise we…
On Tuesday, November 19 from 10 a.m. to 4:30 p.m., the CooperatorEvents New York Expo returns to the Javits Convention Center in Manhattan, bringing with it all the educational, professional, and practical resources for New York’s multi…