Along with competent, engaged leadership, good management is fundamental to the successful operation of any shared interest community—and the basis of good management is in large part spelled out in the contract between the community and it…
CooperatorNews has been reporting on matters related to multifamily living, governance, and operations for the better part of four decades, expanding from the New York City metro area to various east coast, midwest, and western markets alon…
The data is in: striking a balance between our personal and professional lives is a key component of happiness and general wellbeing. But how does one do that when one’s job is potentially a 24/7 situation? Take multifamily residential man…
As 2023 draws to a close, the New York metro’s co-op and condominium communities are feeling the consequences of a long, slow, persistent market decline brought on by the pandemic, rising interest rates, and inflation. That decline has mean…
The success of your co-op or condo community largely depends on the vendors and service providers you choose - especially those you hire to execute larger, more involved projects that have the potential to be disruptive to the residents who…
Shared residential communities such as co-ops, condos, and HOAs are modern examples of classic Athenian democracy: citizens governing themselves through active participation in governance. The key to that governance is the regularity of ele…
All over the news, from coast to coast, reports of fires and explosions caused by lithium-ion batteries describe blazes that are out of control, difficult to extinguish, and excessively smokey. Tragically, many have resulted in fatalities a…
The acceleration of global warming and the accompanying climate crisis is affecting shared-interest residential communities all over the United States and around the world. This past September was the wettest ever recorded in the eastern Un…
Many co-ops have yet to upgrade to modern self-operating building controls, and as a result those buildings are struggling with increasing energy prices, are at risk for Local Law 97 fines, and most importantly, are putting their shareholde…
In a typical co-op, condo, or homeowners association, residents have a lot to say about how their building or community is or should be functioning … but few actually step up to run for and serve on the board that does the actual governing.…