With natural disasters causing catastrophic property damages becoming more common, associations must be prepared for unexpected expenses, such as a major roof repair, or the installation of a new heating and cooling system. These major cap…
A cold, wet spring turned quickly into a hot, humid summer rife with thunderstorms and localized flooding throughout the northeast. As autumn starts to paint the region’s foliage, building community and association boards and managers are …
With today’s condo and HOA residents much more conscious of their impact on the environment and looking for ways to reduce it, smart boards and property managers are looking to help. Simple tasks like turning down thermostats, shutting off…
It’s hard to believe that recycling was a pretty novel concept not too long ago, especially for municipalities. In the 1970s and ‘80s, local governments started to establish recycling programs due to rising energy prices and a growing conc…
There are two ways—and only two ways—to balance a budget: increase revenue or decrease spending. Whether you’re the treasurer of a co-op board or the President of the United States, those are the only two levers at your disposal. Ene…
These days, just about everyone is cutting back on spending, either to make ends meet, saving for something special or a rainy day, paying off debt or funding their retirement. Consumers are cutting coupons, looking for deals and keepin…
Any building in New York City taller than, say, five stories usually has an elevator—and often, new buildings of even three stories have one. If you live in a New York-area co-op or condo apartment building, chances are that you use an …
Property management, in the broadest of terms, is defined as the operation, control and oversight of real estate. Most property managers would agree that definition is just a starting point. There are many facets to the demandin…
Suddenly, the room was shaking and the plants around Ron Tepperman’s desk were moving—it took a second for him to register what was happening. Until a real live earthquake shook the city and created panic along the East Coast, that grou…