Tag: Michael Berenson

Board Operations What Makes Great Boards Great
2018 February What Makes Great Boards Great

One of the most unforgettable events of 2012 was the arrival of Hurricane Sandy, which, according to the National Hurricane Center, resulted in approximately 147 deaths in the U.S., the Caribbean, and Canada, and at least $50 billion in pro…

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Management Keeping Up in a Competitive Management Market
2015 January Keeping Up in a Competitive Management Market

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 …

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Finance Worst-Case Scenarios
2014 February Worst-Case Scenarios

You always want to feel safe in your home, but as the past few years have proven, you never know when a major calamity or weather disaster is going to strike. While most of New York City proper wasn’t hit as hard by Superstorm Sandy as som…

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Management Having Too Much Stuff
2013 September Having Too Much Stuff

In March 1947, a group of nearly 600 onlookers gathered on the sidewalk in front of the home of bachelor brothers Homer and Langley Collyer on Fifth Avenue and 128th Street in Manhattan. Residents of the neighborhood had speculated and gos…

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Law & Legislation After the Storm
2013 June After the Storm

 Fires devastated Breezy Point; areas of Staten Island were destroyed with lives  lost; thousands of residents in Lower Manhattan were plunged into darkness after an  electrical transformer exploded on the East River. These events were amo…

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Board Operations Getting Good Help
2013 April Getting Good Help

 Who wouldn’t want to be on the board of directors of their co-op or condo, watching over  their most precious possession and probably their most significant investment—their home?  Most people, actually. It’s a rare co-op or condom…

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Management A Management Checklist
2013 January A Management Checklist

How can you tell whether the on-site property manager at a cooperative, condominium or homeowners association community is doing a good job? And what is a 'good job' anyway? Whether a manager is well-liked and whether he or she manages…

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Finance By the Book
2012 December By the Book

 Unless you have a degree in accounting, your first board meeting could come as a  bit of a shock. You probably knew board members oversee the finances of the  corporation, but who knew there were so many records to produce and filing  dea…

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Board Operations Keeping it Above Board
2012 August Keeping it Above Board

 One of the trickier problems to deal with when you live in a co-op or condo is  dealing with board members who sometimes let the power go to their heads. Even  though they are entrusted with a great deal of responsibility in the smooth  r…

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Board Operations Negotiating With Vendors
2011 October Negotiating With Vendors

 Regardless of whether they’re self-managed or employ a management company, a co-op or condominium board of  directors will at some point have to make decisions about how and from whom the  building gets its supplies and services.   …

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