One of the elements of buying into a co-op community that makes the process very different from purchasing a condo unit or single-family home is what’s commonly referred to as the “board package”—the dossier of letters, statements, disclosu…
Board meetings are where decisions are made, information is shared, and policies are implemented in multifamily communities. The minutes from these meetings are more than just a record of what was discussed; they serve as a reference for al…
In our current environment of steeply rising costs, it’s more important than ever to safeguard your reserves to ensure that your association has sufficient funds available for immediate and future capital projects. Unfortunately, many ass…
Every co-op, condo, and HOA resident has a stake in what happens in their community. Each decision—from financial oversight to building improvements—impacts everyone collectively. That’s why holding and attending annual board meetings is so…
It may seem counterintuitive, but the person who wins a seat on their co-op or condo board is often not simply the most popular person to throw their hat into the ring. Before the votes are cast at the annual meeting, candidates eyeing boar…
It takes many vital components working in unison to enable a residential multifamily building to function effectively: a management team to help things run smoothly, committed, engaged board members who volunteer their time, and residents w…
For over 20 years now, co-op and condo board members, managers, and the professionals they depend on to keep their buildings running safely and smoothly have made the annual pilgrimage to the CooperatorEvents Expo—and this past March 4 was …
For over 20 years now, The CooperatorEvents New York Expo has been the most useful, informative annual trade event for co-op and condo board members, property managers, apartment building owners, and anyone involved in the governance an…
A condominium, cooperative, or homeowners’ association elects its board for a specific purpose: to manage the community’s day-to-day business, oversee special projects, and draft and uphold the rules and regulations that keep life orderly a…
What’s a board to do when a shareholder or unit owner consistently fails to hold up their end of the agreements—both spoken and unspoken—that underpin successful multifamily living, either through nonpayment of fees, or objectionable behavi…