Category: Building Operations

In the wake of the recession and facing an uncertain economic climate on the heels of a tumultuous presidential election, condo, co-op, and HOA boards may instinctively want to pinch pennies where they can, especially when it comes to maint…

It happens infrequently, but when it does, it can be an enormous challenge: a co-op corporation or condo development has a long-running squabble with the building sponsor/developer, falls victim to long-term mishandling of funds – or outrig…

In major US cities these days, the decision to live in one co-op or condo building versus another often hinges upon the style of living afforded in a particular property. Whether it is defined partly by a full-scale gym and spa, a children’…

In the perennial struggle to control costs while still adequately maintaining a building or HOA’s physical plant, grounds, and other day-to-day business, some boards and managers are opting to hire superintendents, custodians, and other sta…

Whether dealing with technology, administration or communication, on any given day property managers and managing agents are required to be jacks of all trades. And while some managers might actually have a practical background in plumbing …

For boards looking to pare down their energy usage (and costs), it's helpful to compare their community's energy-use profile to that of comparable buildings or associations. Find out where your board can go to get useful comparison informat…

A combination of rising prices and sales along with sliding inventory characterized fourth quarter 2016 for Brooklyn, Queens and Riverdale home sales in general, according to the latest report by Douglas Elliman Real Estate released on Thu…

When it comes to tax revenue, New York City has 20.4 billion reasons to thank the real estate industry. According to trade association Real Estate Board of New York (REBNY), the city's real estate industry generated about $20.4 billi…

Like empty tables in a restaurant, parts of your building may be costing you money instead of paying for themselves or making a profit. Roofs are a perfect example. But how could a co-op or condo make money from their roof? This is wher…

A home equity line of credit (HELOC) is defined by Wikipedia as “a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower’s equity in his/her house (akin to…