Tag: Business

Board Operations Going by the Book
2015 October Going by the Book

It happens in business, government, and industry every day: employees learn the rules of a new job, and before long they know those rules so well, they start going around them or taking short cuts. Rarely is this done with malicious intent.…

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Board Operations Managing Smaller Buildings
2015 April Managing Smaller Buildings

One of fastest growing segments in New York area real estate is the increased popularity of boutique condos and co-ops. According to Propertyshark.com data, there are about 5,000 condo or co-op buildings across the city that have between j…

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Q&A Q&A: Liability for Lobby Paintings
2014 October Q&A: Liability for Lobby Paintings

Valuable paintings will be hung in our newly renovated lobby which is a common area of our co-op building. What if they are stolen or damaged? The owner who has loaned them has personal insurance but since the paintings are in our common ar…

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Law & Legislation Housing Development Fund Corporations
2014 September Housing Development Fund Corporations

Mayor Bill de Blasio says that New York has “a crisis of affordability.” According to the mayor’s ten-year housing plan, his administration is committed to “build or preserve nearly 200,000 affordable units” throughout the five boroughs. M…

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Shareholder Relations Board Owner Do’s and Don’ts
2014 February Board Owner Do’s and Don’ts

It only takes a few minutes of a web search to uncover the traits that make a successful person or business owner. For example, Entrepreneur magazine’s Steven Key wrote the article, “5 Qualities of Successful Persons,” which included such …

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Shareholder Relations Keeping Track of Paperwork
2014 February Keeping Track of Paperwork

Serving on the board is not all fun and games, glamor and glory. There’s also some paperwork involved. In fact, the flow of paperwork is the lifeblood of the community. The Articles of Incorporation, proprietary lease and bylaws in a…

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Management Relations Secrets of Successful Managers
2014 January Secrets of Successful Managers

As jugglers of multiple and oftentimes complex tasks, property managers must be adept at mediating between board members and unit owners, as well as resolving all manner of maintenance and legal issues. To this end, property managers don’t…

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Law & Legislation The Business Next Door
2013 October The Business Next Door

Many aspects of the American work landscape have changed radically in the last two decades. As the service and information economies have overtaken manufacturing and other more traditional forms of labor, the old 9-to-5, office-bound workd…

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Board Operations The Ruling Class
2013 October The Ruling Class

If your neighbor blasts his music during the weekends, do you have a right to complain to the management? Can you sublet a room in your co-op apartment to make some extra cash? How many unit owners have to be present at a meeting in order …

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