Like many other American cities, New York City is currently mired in an affordable housing crisis. And the situation seemingly grows more dire by the day. As Gothamist reported earlier this year, weakened rent laws and economic pressure…
When a community association enters into a contract with a professional management company, board members may feel a sense of relief. After all, much of the burden of running the community's daily operations has now been transferred to (hop…
While crime rates have been falling consistently for decades -- even in large metropolitan areas -- security and safety will always be a top concern of both managers and boards. In this video clip, a security tech pro discusses some of the …
Taxes from the sales of multimillion-dollar homes are going up, thanks to the folks up in Albany. As part of New York State’s 2020 budget, a change has been enacted to New York State’s ‘mansion tax.” Originally enacted in 1989 by the…
Nobody gets into property management thinking it's going to be an easy, totally stress-free career -- on the contrary, many pros get into the field precisely because they enjoy a challenge, and prefer that every day come with a new and diff…
Long Island City became the talk of the town late last year after it was marked as one of two likely locations for a new Amazon headquarters. After much uproar from residents worried that such a massive project would rapidly gentrify th…
Every board wants to keep expenses under control on behalf of their constituency - and cutting energy costs is one way to save big. In this clip, three energy conservation pros discuss cogeneration, and its potential benefits for buildings …
Although co-ops make up roughly 80 percent of the available-for-purchase housing stock in New York City, buyers often face this common dilemma when apartment: hunting: should they seek a co-op, or a condo? Many factors come into play in t…
New York City's new congestion pricing plan could be a financial boon to residential real estate, even if it poses an inconvenience to drivers who regularly commute into Manhattan. In a recent interview with The Wall Street Journ…
Was your building’s elevator installed before 2009? If so, it will probably require the installation of a door monitoring lock in order to be in compliance with a new regulation passed by the City. New York City adopted the new rule to…