Category: Board Operations

Getting on a condo or a co-op board requires a significant investment "“ both in time and sweat equity. As president of a Greenwich Village co-op board, I can attest firsthand to the labors involved. Rarely does a day pass when I don't rec…

Most co-op and condo buildings have a common laundry room for residents to use instead of washers and dryer units in each apartment. Laundry rooms are more than just an amenity; to some, they are practically a necessity, and the operation …

Ever since the government deregulated the telecommunications market nearly ten years ago, more and more cable and satellite TV providers have been vying for our attention, constantly improving technology, service, and convenience. To…

Gone are the days when friends and associates corresponded with each other via long, handwritten letters on lovely watermarked paper. Today, most of what gets said and done is done so via e-mail; it's faster, easier, and more convenient th…

Returned quicker than a phone call and, lately, more powerful than a postal letter, e-mail has become the superman of communication for all facets of life. Today, not only are e-mails used in everyday business and for personal communicatio…

Property managers have a lot to keep track of - board and shareholder meetings, maintenance issues, and a host of other concerns that go along with managing a building - or in some cases several buildings - in a metropolitan area like New …

There are a lot of things people consider when they look into buying a condo or co-op in New York City. Location is important, safety is an issue, and the size of the space is always a factor. But one thing that may get overlooked is the i…

Most of the time, "communication" and "openness" are watchwords for boards and management. Clear, transparent communication between boards, managing agents, and shareholder/owners should be right up there with "location, location, location"…

Of all the members of a co-op building's board, the treasurer is in a unique position to uphold the fiduciary responsibility of the corporation, similar to that of a chief financial officer in the corporate world. Basically, "the tre…

Serving on a co-op board or condo association certainly has its advantages. Not only does the position give shareholders a chance to have more say in how their community is run, it helps add to their knowledge and understanding of what goe…