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Category: Building Operations

Design Lobby Decor
Lobby Decor

While not usually considered an amenity per se, an elegantly appointed lobby can be both a draw for prospective purchasers and a welcoming space for residents in co-op and condominium communities. While some communities furnish their lobbie…

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Management Why Am I Being  Deposed?
2019 October Why Am I Being Deposed?

The unit owners in your condominium have been noticed for deposition in the pending transition litigation. Now they have come to you, the property management team, with questions. What should they expect at the deposition? What kinds of que…

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Finance Protecting Your  Reserve Funds
2019 October Protecting Your Reserve Funds

With the stock market chugging along and the Great Recession of the late 'aughts in the rearview, the question might occur to some financially-savvy board members: Are our building's cash reserve assets performing at their best? Could they …

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Management How Property Managers Save Time
2019 October How Property Managers Save Time

To describe the life of a property manager as 'busy' is an understatement. From visiting client communities to answering endless board member and resident queries, to fielding bids from contractors—the property manager's work is never compl…

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Finance The New York City Department of Finance
2019 October The New York City Department of Finance

The New York City Department of Finance (DOF) is the city's revenue service, taxing authority and recorder of deeds. It collects more than $39 billion (yes, with a 'b') per year in revenue, and values more than 1 million properties collecti…

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Management Co-ops, Condos, & Kids
2019 October Co-ops, Condos, & Kids

While children are most certainly the future, in the present they can often be a bit of a handful. In buildings and associations where residents live in close quarters, it’s inevitable that unit owners without kids will cross paths with the…

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Security Securing Your Building
Securing Your Building

Security in multifamily buildings isn't a one-sided job; both boards and residents must cooperate to make sure property and people are safe. In this clip, a security pro gives us a few tips on how administrators, staff, and those who call b…

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Energy Conservation Energy Equipment Costs
Energy Equipment Costs

Money saving and energy conservation go together like hand and glove -- but how they fit isn't always the easiest to understand. In this quick clip, a conservation pro discusses how boards can assess their energy-related equipment for signs…

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Communications Managing Conflicts
Managing Conflicts

Living in a multifamily dwelling requires tolerance for other people, particularly when those people are noisy, smelly, or have questionable taste in door decorations. In New York, where the majority of people share a wall with at least one…

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Finance Paying off Underlying Mortgages
Paying off Underlying Mortgages

In the hybrid part-owner/part-tenant world of co-op living, there exists an interesting and unique financial instrument: the underlying permanent mortgage . Part of the overall financing structure for any co-op, the underlying mortgage …

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