Could your building use a facelift? Have you contemplated better-fitting windows, new carpet or an updated elevator, but the board's answer was always "There's not enough cash." From renovation and moving fees to renting out roof or basemen…
Professional residential management is a service industry, and some service providers perform better than others. To evaluate how your property's management measures up, it's necessary to assess both how the company functions as a whole …
Last summer, a financially beleaguered 47-unit cooperative at 30 West 90th Street in Manhattan made news when it converted to condominium status. That was not the first time a co-op converted to condo. A Teaneck, New Jersey co-op underwent …
Cost of living increases can be felt everywhere, from the theatre to the supermarket to the gas station. So it may come as a surprise to many co-op and condo residents that one place you don't have to expect an increase is in your monthly m…
When cable television became widespread in New York City around 1980, it revolutionized the way we watch TV by bringing a dizzying selection of programming to our living rooms. With seemingly endless choices, the terms "couch potato" and "c…
Thinking about your co-op or condo as a financial entity doesn't produce the same warm feeling as thinking about it as a home; but the fact remains that it is a financial entity in which you and your fellow shareholders or unit owners hav…
It seems as though everyone is talking about refinancing these days. With interest rates at an all-time low, more and more homeowners are taking advantage of the opportunity to reduce their monthly mortgage payments and/or take more equit…
Wouldn't it be nice to save your building thousands of dollars without doing any work? Well, there is a way it can be done. Although many co-op and condo boards may not know it, utility audit companies have been around for years, finding …
Management experts and others in the real estate industry are always cautioning their co-op and condo clients to keep an eye on the water consumption in their buildings. The water and sewage bill received quarterly from the New York City …
The increase in the number of co-ops and condos in New York City has changed the way many New Yorkers live. Renters who have purchased a co-op apartment have become owners of stock while condo owners posses a block and lot. The traditional …