As Budgeting Season approaches for co-op and condo communities, it’s time for the boards of associations and corporations to consider how they will cover expenses and fund projects in the coming year and beyond. While recurring operating ex…
Aging is expensive—and that goes double for residential buildings. Exterior deterioration is inevitable, mechanical systems do not last forever, and everyday foot traffic and wear take their toll on even the sturdiest structures. For many c…
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 …
In light of the tragic condo building collapse in Surfside, Florida, earlier this year, condo and co-op boards, as well as rental building landlords, are taking a hard look at their building system inspection policies. While all mandatory i…
The forward march of innovation is constantly changing the face of nearly every industry—including residential real estate. To keep co-ops, condominiums, and other multifamily communities functioning optimally, we need to keep abreast of th…
The tragic collapse of the Champlain Towers South condo in Surfside, Florida, last June has prompted many industries to assess and reform their practices to enhance safety and oversight of the large—and growing—multifamily building sector i…
Building lobbies and hallways are high-traffic areas, prone to tracked-in dirt and street grime, scuffs from shoes, luggage, and equipment, slush and salt in the winter, and in dog-friendly buildings, the occasional indiscretion committed b…
In recent months, there have been two major cyberattacks on property management firms. Personal information for building residents and employees, including Social Security numbers, dates of birth, mailing addresses, driver’s license numbers…
As smartphones have become ubiquitous, app-based technologies have impacted nearly every corner of our lives - including how we secure and grant access to our homes. While plenty of multifamily buildings still rely primarily on buzzers and …
As New York City buildings strive to reduce their carbon footprints to comply with Local Law 97 limits—as well as to improve energy efficiency, reduce costs, and do their part to save the planet from climate catastrophe—an option gaining tr…