It’s the same dilemma that single-family households across the U.S. are facing: What bills need to be paid immediately and what bills can wait? And should we stretch ourselves thin, taking more out of our bank accounts to pay for privat…
With multifamily buildings, who is in charge of the property and how well those people are trained are critically important factors in the successful operation of the community. Board members are a part of this management class, which i…
Everyone wants to feel secure and have peace of mind when they lock their doors each night, but in a multifamily condo or co-op in New York City, you can’t always control who enters your building. Management may have service people come…
Physically, there’s really no difference between co-ops and condos. The savviest property manager in the five boroughs could not walk into a lobby and say for certain if it’s one or the other. When co-ops are converted to condos, or vice…
How can you tell whether the on-site property manager at a cooperative, condominium or homeowners association community is doing a good job? And what is a 'good job' anyway? Whether a manager is well-liked and whether he or she manages…
Everybody sometimes disagrees with the decisions of their co-op, condo or homeowners association board. Maybe the choice to rearrange the garbage receptacles out front seems ridiculous, or the ongoing clattering of machinery on the roo…
Convenience and saving money are just a couple reasons why a co-op board or homeowners association would choose to self-manage a property. Though, outside managing firms and property managers are hired and employed for good reason. The…
When Superstorm Sandy slammed into the East Coast at the end of October, hurling a record breaking 13 plus-foot water surge at New York City, knocking out power to millions of residents and devastating parts of Queens and Staten Island,…
Unless you have a degree in accounting, your first board meeting could come as a bit of a shock. You probably knew board members oversee the finances of the corporation, but who knew there were so many records to produce and filing dea…
The issue of intellectual property and an individual’s right to privacy has become a greater concern since more and more people conduct their lives online—whether for banking, social media or dating. While the aforementioned generally h…