Category: Building Operations

(Updated on 12/22/17 to reflect that President Trump signed the new tax bill into law) On December 22, 2017, President Trump signed into law  a major $1.5 trillion tax plan  that Congress had earlier passed, the first re-writing of o…

It was not a good year generally for Trump-branded condos during the first full year of Donald Trump's presidency, according to a real estate website's report. Bloomberg reported that the average sales price and average price per squ…

There's more to hunting down energy waste than just caulking drafty windows and turning off lights when you leave a room. In this short segment, a multifamily energy expert discusses ways for buildings and HOAs to cut back on energy use, sa…

It’s that time of the year again: the Christmas lights are up; the air smells of pine trees and potato pancakes; and there’s a possibility of snow, sleet and ice.   There’s also a chance that someone might slip and fall at your co-op or co…

Homeownership in New York City is about to get easier for first-time homebuyers, while existing yet struggling homeowners are getting help in fixing their homes This past Monday, the city announced two new initiatives , Open Door …

Whether living in a crowded high-rise or a sprawling suburban community, when it comes to condos, co-ops and homeowners’ associations, safety is paramount. From management to the board to fellow residents, it falls to everyone to show conce…

It takes a lot of different tools and materials to keep multifamily buildings looking, smelling and functioning at their best. That means that maintenance crews, contractors, snow removal teams, and other staff members must rely upon someti…

Aside from yourself, who exactly may live in your condo or co-op unit? While you as the owner might believe you have the sole authority to make that decision, most (if not all) condominium and co-op properties today have policies spelled ou…

Every board knows how important it is to have adequate, up-to-date insurance coverage to protect their community from liability, disaster, and other expensive situations -- but what about board members themselves? Directors & Officers (D&O)…

Property managers wear a lot of hats, regardless of whether they handle a small, close-knit building, or a sprawling development with hundreds of units. In this clip, management pros tell us about some of the bigger challenges that come par…