Category: Building Operations

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 …

Climate change notwithstanding, the onset of winter in our area generally means more wear-and-tear on buildings than any other time of year. Snow, ice and freezing temperatures can cause costly damage. That's why it's so important to make s…

Hiring a new management company - to replace your current company, or for the first time ever - is a big deal for a board. Knowing what to look for in the person or people who will be handling crucial business and administration for your co…

When it comes to co-op or condo, home improvements are a personal thing, reflecting the style and taste of the owner, and impacting the functionality of the unit. A prime example of this are built-ins; those personalized furnishings that pr…

In-house gyms and fitness centers are some of the most popular amenities a co-op, condo, or HOA can offer residents and prospective buyers -- but just plunking down a treadmill and some barbells in a common room doesn't exactly qualify. In …

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…