Category: Building Operations

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 Originally enacted in 1989 by the…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…

Two major residential projects are garnering attention in a New York City neighborhood mainly known for stocks, bonds and derivatives. The area in question is the Financial District, where a couple of noteworthy office-to-condo conversion…