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Category: Management

Management
2021 October The Bidding Process

One truism of home ownership is that there is always something that needs to be fixed or upgraded. That’s true in condo and co-op communities as well, both large and small. There’s always a roof to replace or a boiler to upgrade, or a lobby…

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Management
2021 April Liability, Cost, & Reopening Amenities

Last spring, amidst the panic and confusion of the burgeoning pandemic, condominium, co-op, and HOA communities were faced with the difficult task of deciding what to do about their shared amenities. Gyms, pools, clubhouses, and other popul…

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Management
2021 April Preparing for Local Law 97 Inspections

In the spring of 2019, the New York City Council passed the Climate Mobilization Act—and with it, Local Law Number 97 (LL 97). LL 97 requires large existing buildings—those over 25,000 square feet—to reduce their carbon emissions 40% by 203…

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Management
2021 March Board Style & Management

Condos and co-ops are unique in their management structure, of which there are two levels: the board of the association or corporation, which governs the community on behalf of the unit owners or shareholders, and a hired management agent, …

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Management
2021 January Self-Management in Stressful Times

While many condominium associations and co-op corporations hire professional property managers or management firms to handle the routine (and not-so-routine) tasks involved in running a multifamily building or HOA, a significant number take…

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Management
2021 January Inspection Timetables

Buildings are in many respects like cars; they’re a synthesis of a number of mechanical systems with lots of moving parts. To keep a car running at peak performance, it requires regular maintenance: oil changes, engine tune-ups, regular emi…

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Management
2021 January Management in Crisis:

The day-to-day life of a property manager—while not quite as predictable as that of, say, an accountant—does revolve around certain cyclical tasks, like building inspections, staff meetings, and keeping boards informed of what is going on w…

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Management
2020 November Virtual Governance

In multifamily housing associations and cooperatives, the annual meeting of owners or shareholders is a legally mandated opportunity for a community to convene, learn, share, and exercise their essential duty—to vote. The lead-up to the ele…

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