Renting out their unit has long been a strategy for condo owners (and some co-op shareholders) who—usually because of an extended absence, or as an extra revenue stream—wish to retain ownership of an apartment that they’re not living in …
Talk to enough property managers and board members, and eventually you’ll hear the phrase “owner’s mentality” mentioned in reference to co-op and condo dwellers. Usually the phrase is uttered by way of a complaint, as in, “Our residents …
When it comes to board members pushing their own pet projects, stalling meetings, and generally gumming up their building’s administrative works for selfish reasons, Chris Ebert, senior property manager of Downtown Properties in Manhatt…
Here’s the scenario: the sponsor of your co-op, who owns enough units to throw his weight around, hires a managing agent who plays fast and loose with the municipal tax codes. So much so in fact, that he winds up in jail—and your buildi…
When you rank the key players who keep your building functioning from day to day, the superintendent should probably be placed close to the top of the list. A building’s super has a tremendous amount of responsibility, including looking…
It’s a pretty name for a pretty neighborhood. Located in the southern end of Brooklyn, Carroll Gardens has long been a destination for those in search of a little greenery to go with their city living. With its park, its tree-lined str…
We are all taught to “Look at the Big Picture.” That was a common phrase back in the 1980s when managers focused on how their actions resonated with the mission statement and goals of the corporation; whether that corporation was IBM, th…
Ever since New York City was New Amsterdam, landlords have made extra money by converting unused space in their buildings into residential lofts. While many apartment-seekers gravitated toward these conversions, artists, bohemians, and o…
We’ve all heard that “first impressions are important” when meeting people; so too with buildings. A potential buyer’s or visitor’s first impression often determines their opinion of the building and its apartments and has a dramatic imp…
Although it is frequently assumed that cooperative boards of directors are totally responsible for all building decisions, typically they are assisted by a large group of professional consultants who not only guide them but also sometime…