Category: On The Board

No matter what the job—be it flipping burgers at a chain restaurant or running a multinational investment firm—employees should be given periodic reviews of their performance to assess how they’re doing and identify both their strengths…

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…

This year, the Institute of Real Estate Management (IREM) is celebrating its 75th anniversary. For three-quarters of a century now, IREM has provided education, resources, information and membership to real estate management professional…

These days, there’s no shortage of articles in magazines, newspapers, and online about how time-crunched most people feel. Between work, family obligations, long commutes, and a vast array of other factors vying for attention and precio…

Co-op boards are often faced with difficult judgment calls; on the one hand, it’s the duty of board members to safeguard their fellow shareholders’ investments and overall quality of life. On the other hand, they must carry out that duty…

Though many co-op buildings forbid subletting for an array of reasons, some co-op (and many more condo) buildings have populations of rental tenants residing in them. The arrangement is mostly peaceful and drama-free, but friction does o…