It’s often said that good people are hard to find. That may be true, but for residential communities like co-ops and condos, finding good people—and then hiring and retaining them—is a major key to success. Doing so can be a roundabout proc…
This summer and early fall, several massive storms struck the United States in rapid succession. Hurricane Ida cut a huge swath of damage from the Louisiana coast to New England. Record flooding, tornadoes, and sustained high winds damaged …
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…
On Thursday, October 28, 2021, board members, managers, building owners, and co-op and condo residents from around the city and the tristate area will gather at the Jacob K. Javits Convention Center in Manhattan from 10:00 a.m. to 4:30 p.m.…
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…
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…
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, …
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…
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…
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…