Category: Building Operations

An underlying permanent mortgage (UPM) is a commercial loan, not a residential loan like your co-op mortgage. As such, it carries additional and different terms and conditions than a residential mortgage. When selecting a mortgage for your…

While the ‘Green New Deal’ and other long-term climate solutions are being debated at the federal level, some states and municipalities are getting in on the action as well, setting legal emissions benchmarks that will have a real impact on…

Securing the safety of residents and their personal property is one of a condo, co-op, or HOA board's most important duties. In this clip, two security pros reveal the biggest blunders they see board-management teams make, and give some ins…

A co-op in the Homecrest section of Brooklyn leads among New York City residential buildings with the most elevator 311 complaints in the last year, Curbed reported. The list published by the home search website Localize.city co…

Professionals who work with co-op, condo, and HOA boards see a lot - and over the course of their careers, accumulate wisdom that client communities both current and future can benefit from. In this clip, a quartet of management pros discus…

Major elevator projects - whether for repairs or full replacement - are some of the more disruptive capital improvements a multifamily building can undertake. In this clip, two elevator pros discuss some of the biggest challenges that come …

First-time condo buyers will be getting a break from the government regarding mortgages. The Associated Press reported Wednesday that the Federal Housing Administration has revised its current guidelines to make it convenient for those…

Toting your dirty clothes down to the laundry room is a regular ritual for many in NYC - and the experience has come a long way since the days of dank, dimly-lit, basement spaces with cobwebs in the corners and nowhere to sit (not that you'…

As in life, there are no guarantees when it comes to building systems, parts, and components. But unlike life, there are warranties and service agreements to ease the pain when something breaks down, gets damaged, or proves to be defective.…

Running a community association can be – and often is – stressful enough without the added issue of people in a position of power in the community using that position for personal gain in the form of kickbacks. Whether the offender is a sup…