Multifamily living means sharing spaces with neighbors and, unfortunately, it also often means sharing areas with pests like cockroaches, bedbugs, rats, and mice. Beyond being a skin-crawling nuisance, they can wreak havoc on a building and…
For shared-interest communities, guarding the safety and security of residents is of paramount importance. Achieving those goals is more than a matter of key fobs and cameras, however. It applies to all kinds of hazards within communities’ …
Water is a necessity for living—but it’s also a potential hazard for all types of buildings, on both micro and macro levels. In the form of extreme weather, water can cause serious damage to building envelopes that can lead to leaks that sl…
On October 23, the Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, released the results of its Primary Mortgage Market Survey ® (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.19%. “Mo…
With inflation still elevated, home prices parked near record highs (despite some recent softening, particularly at the higher end), and insurance costs climbing, more homeowners are running out of cushion—heightening the risk of mortgage d…
As the weather cools and the leaves change, it’s time to make like the squirrels and start preparing for winter. For shared interest communities, in addition to the more in-depth pre-season inspections of roofs, boilers, and other major bui…
Civility goes a long way in life, and in a co-op or condo community, constructive communication is especially important. Residents, board members, on-site staff, and managers all deserve to be treated professionally and spoken to respectful…
This year New York City passed the first landmarks in the long road to compliance with Local Law 97, the Big Apple’s roadmap to carbon neutrality by 2050. Many have questioned the approach and ultimate possibility of success for this progra…
There’s no such thing as too much education—and that’s especially true in the realm of multifamily property management. Keeping one’s skills sharp and knowledge base both broad and current is a must for all management professionals, regardl…
Reducing energy waste and saving money go hand in hand. In addition to helping the planet, using energy more efficiently can save time, lower bills, and improve daily life. In fact, according to a joint report by the American Council for an…