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 …
Boards, managers, and residents, take note - Tuesday, June 13 is International Community Association Managers Day! Established in 2022, the day recognizes the 55,000+ community association managers in the U.S. and the many thousands more wo…
As has been widely reported lately, Fannie Mae, which is under the conservatorship of the Federal Housing Finance Agency (FHFA) has developed a secret blacklist of condominiums, HOAs and co-ops that are ineligible for “conventional financin…
On Wednesday, May 10, CooperatorEvents once again welcomed thousands of board members, managers, building owners, vendors, and co-op, condo, and HOA residents from across the tristate area to the New York Hilton in the heart of Midtown for …
Multifamily buildings serve as more than just residential spaces; they’re mini-municipalities unto themselves, where neighbors interact in common spaces, either incidentally (like in lobbies or elevators) or deliberately (like in kids’ play…
It’s little surprise to many that the residents of luxury apartment buildings spend less time in their apartments than their less well-off neighbors. Second and even third homes are the reality for many wealthy shareholders and unit owners—…