Category: Building Operations

The board of a building or community association has a fiduciary duty to uphold its community’s governing documents, act in good faith, and advance the interests of the community at large. Occasionally, boards fail to carry out this duty – …

There are few things upon which most people agree, but a general dislike for paying more today for something that cost less yesterday is pretty universal. This goes for taxes, consumer goods, healthcare, and of course for monthly maintenanc…

The importance of saving for a rainy day is a lesson we all learn as children. Just like we as individuals should put away a little something for that ‘just-in-case’ moment, co-op corporations and condominium associations must also keep res…

Property managers wear many hats and have job descriptions covering everything from bidding out capital projects to mediating spats between neighbors -- so how do individual managers determine what needs to be done, and when? In this clip, …

Boards -- whether co-op, condo, or HOA -- hire managers to handle the administrative, operational, and social sides of what can often be a tricky field. How much leeway a manager has to get the job done depends on several different variable…

Dealing with indoor pests -- be they rodents, bugs, or even birds -- in multifamily settings has been a challenge ever since humans started living in close proximity to one another. In this clip, a trio of pest control experts discuss how t…

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 Originally enacted in 1989 by the…