In his 1971 book Future Shock, author Alvin Toffler describes a society undergoing enormous structural change as a result of technological advancements—and the social stress and disorientation that came with that change. A half-century late…
As the push to reduce our carbon emissions and maintain livable conditions intensifies, sustainability has become an increasingly important concern for multifamily buildings—including condos, co-ops, and HOAs. More and more legislation and …
A new report , Best Practices: Community Association Maintenance , is now available as a free download on the Foundation for Community Associations Research (FCAR) website. Authored by a consortium of legal, engineering, finance, and mana…
Your building’s lobby and hallways are the first things residents, guests, and potential buyers see - and as the old saying goes, first impressions matter. In a multifamily residential setting, be it co-op, condo, HOA, or rental, cleanlines…
The quest to achieve a zero carbon footprint by 2050 - the holy grail set by New York City to battle global climate change - is far reaching. So far reaching in fact, it involves nearly every component of building function and construction…
The topic of insurance can provoke fear in the most steadfast of board members. It’s both terrifying in what its purpose implies, and yet at the same time mind-numbingly boring. It’s also one of the most important components in protecting o…
When the average American taxpayer (or tax-dodger, one supposes) hears the word “audit,” they’re likely struck with a feeling somewhere between annoyance and terror—usually because being audited means that something has been found amiss in …
Cash flow is the lifeblood of any multifamily residential community, be it a rental building, condo, co-op, or HOA. However, because the latter three are nonprofit entities, maintaining consistent cash flow is even more critical to their he…
Local Law 97 (LL97), intended to make New York City a carbon neutral oasis by 2050, is both an ambitious and commendable attempt to bring a city born in the nineteenth and twentieth centuries into the twenty-second. It also places a substan…
Both the New York State Senate and Assembly have passed provisions to update the famous (sometimes infamous) J-51 property tax abatement and exemption program. It now awaits Governor Kathy Hochul’s signature. The new incarnation of the law …