Category: Management

On an otherwise uneventful January 8th evening, with a run of major holidays in the rear view, the denizens at 2186 Cruger Ave., in the Bronx still had something to celebrate. Some 20-plus shareholders in the 72-unit building congregated in…

Among the many positive aspects of apartment ownership (rather than renting) are long-term stability and long-term occupancy.  Long a city of mostly renters, New York City has transitioned into more and more a city of owners over the past 4…

A condominium, cooperative or homeowners’ association thrives or falters based on how all of the various stakeholders involved can come together in effort to achieve a common goal: the maintenance of a successful and stable residential comm…

Owning a unit in a multifamily co-op or condo carries a great many benefits in the form of shared responsibilities, but it also requires compromises along the lines of control: what your board, management, and building staff can or cannot d…

Everyone can use a little help now and again. The residents of condominiums, co-ops or homeowners’ associations are no exception. There are tons of tasks that just cannot be left up to the board or residents who are busy people themselves, …

It is not easy being a board member. There are meetings to attend, documents to review, decisions to make, and neighbors to mollify. There are also a number of rules and regulations that must be followed in order to ensure that the individu…

Property managers wear a lot of hats, regardless of whether they handle a small, close-knit building, or a sprawling development with hundreds of units. In this clip, management pros tell us about some of the bigger challenges that come par…

Nobody would claim that managing condos, co-ops or other multifamily properties is an easy gig -- quite the opposite is often true. Here, management pros dish the dirt on what makes their job tough. (Spoiler: it may not be what you think!) …

Even the most laid-back, harmonious community will periodically experience conflicts -- maybe between board members, between neighbors, or between residents and the board. Resolving these issues without litigation or lingering acrimony is k…

When we think of a co-op, condo, or HOA, it’s easy to picture a towering high-rise, or a suburban development that sprawls across acres and acres, and is home to hundreds, maybe even thousands of residents. While those communities certainly…