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Category: Building Operations

Finance
Co-op & Condo Financing

Aging is expensive—and that goes double for residential buildings. Exterior deterioration is inevitable, mechanical systems do not last forever, and everyday foot traffic and wear take their toll on even the sturdiest structures. For many c…

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Maintenance
2021 November Façade Inspections

In light of the tragic condo building collapse in Surfside, Florida, earlier this year, condo and co-op boards, as well as rental building landlords, are taking a hard look at their building system inspection policies. While all mandatory i…

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Maintenance
Fannie Mae Announces New Requirements

The tragic collapse of the Champlain Towers South condo in Surfside, Florida, last June has prompted many industries to assess and reform their practices to enhance safety and oversight of the large—and growing—multifamily building sector i…

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Maintenance
Carpet Cleaning

Building lobbies and hallways are high-traffic areas, prone to tracked-in dirt and street grime, scuffs from shoes, luggage, and equipment, slush and salt in the winter, and in dog-friendly buildings, the occasional indiscretion committed b…

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Insurance
Cyber Insurance

In recent months, there have been two major cyberattacks on property management firms. Personal information for building residents and employees, including Social Security numbers, dates of birth, mailing addresses, driver’s license numbers…

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Security
Updating Buzzer & Intercom Systems

As smartphones have become ubiquitous, app-based technologies have impacted nearly every corner of our lives - including how we secure and grant access to our homes. While plenty of multifamily buildings still rely primarily on buzzers and …

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Finance
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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