Whether you’re part of a giant co-op the size of Co-op City, a 21-story building with over 15,000 residential units, or a small 25-unit condo in Staten Island, whether your building is self-managed or uses a management company, your boar…
Category: Board Operations
Attracting new members to join your board of directors may be a daunting task. As current board members, you know that occasionally you need new members to keep the business of your co-op running smoothly—but people are often reluctant t…
It’s not a thankless job, necessarily—every once in a while residents will express their gratitude, if the elevator ride is sufficiently awkward—but it is a moneyless one. It’s also a hefty part-time job at best, and can at times take up…
Fall is here and with it comes the season for watching football. Football seems to dominate American culture. There are pro games four days a week, pre-season, post-season and Pro Bowl games, college, indoor, fantasy football, and of cou…
Talk about tense situations. There’s the sweaty-palm inducing job interview or the anxiety-riddled prospect of getting down on one knee to propose. And who can forget those tense moments scratching out an answer on the SAT test, knowing …
Purchasing a building’s heating oil is one of the most important decisions a board has to make. And in this era of ever-rising fuel costs, it’s also one of the most frustrating. When deciding how to pay for their buildings’ heating oil, …
Nearly 100 percent of New York City co-ops have an underlying mortgage of anywhere from a few thousand dollars to millions of dollars. If you own a co-op, having an additional multi-million dollar mortgage hanging over your head might …
Most of us don’t like to spend a lot of time contemplating our so-called “final wishes”—we’d much rather leave planning our wills and executing our estates for another day. Uncomfortable as the subject is for many people however, it’s …
It took a rally, a march up Park Avenue, and some heated late-night negotiation sessions, but on April 21, 2006, the Service Employees International Union (SEIU) Local 32BJ and the Realty Advisory Board (RAB) were able to compromise on…