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Category: Board Operations

Board Operations
2020 February NYC Luxury Market Takes a Dip

After nearly a decade of expansion, New York’s luxury co-op and condominium market has taken an undeniable downturn—and it’s not a gentle slope either.  According to several prominent industry players, prices at the high end of the market h…

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Board Operations
2020 February Bidding Basics

Co-op, condo, and HOA boards across the country are made up of volunteers who are committed to the governance of their community. Among their most important duties is selecting vendors to provide goods or services—everything from lawn care …

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Board Operations
2020 February Managing Conflict

One of the unique aspects of life in a co-op or condo is that a building or HOA is in many ways a microcosm of the larger world outside. It can suffer from the same factionalism and partisan bickering as any political entity, only on a much…

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Board Operations
The NY Policy Holders Protection Act

Of all the duties - and challenges - a co-op or condo board has to keep track of, insurance likely doesn't rank among the most thrilling; but of course that's no excuse to remain in the dark about changes to coverage-related legislation. In…

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Board Operations
Updating Your Documents

The governing documents of a housing development—be it a cooperative, condominium, or homeowners association—spell out the rules, regulations, and policies that all unit owners or shareholders are obligated to follow as a condition of their…

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Board Operations
2019 October Maintaining Proper Records

It is essential that a community association keep careful records of its financials, rules, and meeting minutes, just to name a few of the kinds of records boards and managers must stay on top of. Not solely because the law often requires i…

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Board Operations
2019 October Being Good Neighbors

For most, living in a co-op or condo association implies at least some level of interest in being part of a larger community. That interest is usually limited to the condo or co-op community itself – but what about the greater community aro…

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Board Operations
2019 October Co-op/Condo Communities and Social Media

From getting the news, to finding that ultimate BBQ recipe, or just keeping up with friends and relatives both near and far, social media has become entwined in the fabric of our lives. In fact, Facebook, Instagram, and the rest are so ubiq…

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Board Operations
2019 October A More Affordable New York?

Housing affordability – or un affordability, depending on your relative net worth – has always been a hot topic in New York City.  Today’s housing market is no different – though in recent years, thanks to a combination of factors both e…

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