In the typical suburban condo development, one must go to another location to shop— maybe to the mini-mall, or the big box store down the road. But in New York City co-ops and condos, stores are often found on the ground floor—supermark…
For a crystal-clear picture of how a co-op board or condo association is doing, there are few better lenses than the community's budgets and financial reports. From an investment perspective, they show the association board, property m…
Money is a topic some people are skittish about discussing. When you’re a board member or the managing agent of a residential co-op or condo building however, there’s no benefit to skirting financial realities just because they may be di…
Many regular readers of The Cooperator doubtless remember the struggle that ensued in the spring of 2011 when co-op officers and elected officials in Eastern Queens declared a “tax revolt” against the city for huge increases in assessed…
Given our chilly winters and blistering hot summers, those living in New York co-ops and condos are keenly aware of the importance of properly working heating, ventilation, and air conditioning (HVAC) systems. That’s why it’s im…
Think about this: according to the United States Department of Labor, each year nearly 2 million American workers report having been victims of workplace violence. Fraud committed by employees cost American companies approximately $20 …
New York City is a metropolis of 8.2 million residents, so it’s not surprising that it takes an awful lot of people in a lot of departments and organizations to keep the town’s government running smoothly. Some of those people (the mayor…
By and large, a board and management company can expect payment from residents for monthly fees to be received on time and in full. These all-important funds keep day-to-day operations moving forward without delay. There are situations,…
In an online forum, Sharon complains about her upstairs neighbor and begs for advice. Her neighbor had installed a washing machine in her unit, even though there was one already downstairs for the residents of her six-unit building to …
You’ve got the perfect couple looking into buying a condo in your building. And they love everything about the unit. But here’s the catch—they also love everything about another building’s unit. They can’t decide which to buy. …