Category: Building Operations

 Insurance is designed to be there for us when we need it most. Without knowing  the full extent of our coverage, though, we may find ourselves facing an  emergency with less protection than we thought. For shareholders or unit  owners, it…

 When it comes to insurance, there's more to think about than just premiums and  deductibles; on one side, there's insurance fraud—and on the other, there's the insurance that protects you from fraud. Both sides  of the equation are import…

 Mayor Michael R. Bloomberg recently released the New York City Executive Budget  for the 2013 fiscal year. While the mayor lauded the $68.7 billion plan as a “balanced budget with no tax increases,” the City Council believes the prelimina…

 Next to fire, perhaps nothing is more damaging to residential buildings and  their occupants' property then leaks. Whether it’s a torrential deluge from the upstairs neighbor’s overflowing bathtub or a slow, seeping leak around the window…

 In the typical suburban condo development, one must go to another location to  shop— maybe to the mini-mall, or the big box store down the road. But in New York  City co-ops and condos, stores are often found on the ground floor—supermark…

 For a crystal-clear picture of how a co-op board or condo association is doing,  there are few better lenses than the community's budgets and financial reports.  From an investment perspective, they show the association board, property  m…

Money is a topic some people are skittish about discussing. When you’re a board member or the managing agent of a residential co-op or condo building however, there’s no benefit to skirting financial realities just because they may be di…

 Many regular readers of The Cooperator doubtless remember the struggle that  ensued in the spring of 2011 when co-op officers and elected officials in  Eastern Queens declared a “tax revolt” against the city for huge increases in assessed…

 Given our chilly winters and blistering hot summers, those living in New York  co-ops and condos are keenly aware of the importance of properly working  heating, ventilation, and air conditioning (HVAC) systems.  That’s why it’s im…

 Think about this: according to the United States Department of Labor, each year  nearly 2 million American workers report having been victims of workplace  violence. Fraud committed by employees cost American companies approximately  $20 …