There is an old adage that claims, "The more things change, the more they stay the same," and that is not a happy thought for a board of directors or an association looking to change property management firms. The turmoil of replacing a ma…
2015 January
Focus on... Management
Individual commitment to a group effort; that's what makes a team work, a company work, a society work, a civilization work. Legendary Green Bay Packers football coach Vince Lombardi left cooperative and condo boards and managers off…
As the co-op/condo market continues to heal after the setback it experienced during the most recent financial crisis of the mid-aughts, many management firms and independent property managers are looking for ways to distinguish themselves …
A new year begins…and with it more activity in the New York City real estate market. Many are asking about progress in the market, especially with co-ops and condos, and the prognosis for 2015. What new projects are under way? What are buy…
Whether you’ve just taken a seat on your co-op or condominium board, or are an old hand at association leadership, the position can be a challenge. There are vendors to hire, budgets to balance, and complaints to field. How do you find the…
Whether they consider themselves dog people, cat people or exotic bird people, many New York City residents own companion animals. New Yorkers may love their furry or fine-feathered friends but not all association boards and managers are q…
A new year begins…and with it more activity in the New York City real estate market. Many are asking about progress in the market, especially with co-ops and condos, and the prognosis for 2015. What new projects are under way? What are buy…
Effective December 3, 2014, all residential leases in New York State now require a notice to residential tenants about the presence of absence of sprinkler systems in the “leased premises.” The new law, however, while defining what a…
Q I own a co-op apartment that I rent. I am in compliance with the proprietary lease regarding renting the apartment. When I rented the apartment, I was told by the board that there is a 75% maintenance surcharge on rentals. I never quest…