Category: Building Operations

 The goal is to be an informed board member. For both new and seasoned board  members, however, there are countless challenging topics requiring specific  knowledge. With new regulations and legislation on tap, it is imperative that  board…

Insurance is a tricky business. Sure, people usually know the types of incidents that necessitate an insurance claim (fires, floods, leaks, etc.), but when something happens in a co-op or condo and an insurance claim is filed, few real…

 As sales of co-ops and condos continue to slow, developers, property managers  and building boards are looking for any possible incentive to attract buyers.  Any realtor will tell you that location is the first and primary consideration  …

Recent developments, legislatively, environmentally and technologically have led to considerable changes in the New York insurance marketplace. And such changes, as managers know, often lead to added paperwork, confusing requirements, …

Good afternoon—and welcome to the board. Your mission should you choose to accept it is to make decisions to better your building. The residents may not like you and, more importantly, may not like those decisions. Nevertheless, keep do…

Earlier this year, Mayor Michael R. Bloomberg presented his Fiscal Year (FY) 2012 Executive Budget and an updated four-year financial plan. The mayor outlined the plan, which costs $64.7 billion and would balance the budget with a clai…

No matter if they're overseeing a towering high-rise or a sprawling suburban association, co-op and condo boards usually have their fair share of problems to be solved and emergencies to be defused. Talk to enough people who have dealt…

 Owners of New York City co-ops or condos with parking garages in or adjacent to  their building are blessed in so many ways. The ability to drive right into  your building without the aggravation of hunting down a parking spot provides a …

During the real estate boom of the last decades, many new condo buildings used to use extravagant amenities as a tool for new buyers. Marble-top counters, exercise rooms, Jacuzzis, free cars for buyers, childrens' playrooms, computer lo…

 As the recession has lingered on since 2008, co-op and condo buildings  throughout the city—from luxurious downtown buildings to middle-income and lower-income walkups—have found more of their residents in arrears with their monthly fees.…