Category: Building Operations

Finance
1997 Sep Investing the Reserve Fund

If you were walking down the street and spotted a $100 bill on the ground, would you stop and pick it up? Of course you would, and in the literal sense you could consider this $100 found money. Surprisingly, every day, many members of co-…

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Maintenance
1997 Sep Electric Deregulation Is Coming

The deregulation of the electric industry appears to be a sure thing, but there is still much confusion as to the particulars. Today the three most commonly asked questions concerning the deregulation of electricity are: When will it occu…

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Maintenance
1997 Sep Helping Conserve Energy

Many co-op and condo boards have realized that energy conservation is not only an issue of environmental importance, but also a key area in helping reduce their buildings' operating expenses. And the industry continues to offer a variety …

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Maintenance
1997 Sep Heat Sensor Technology

It's the dead of winter. Outside the temperature is below freezing. Your building is sending up heat, and you've got your windows open. What's going on? Why can't your building's heating system just make everyone comfortably warm instead …

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Maintenance
1997 Sep 'Home Safe Home'

Every 11 seconds a burglary is committed in the United States, according to the Department of Justice's most recent annual Unified Crime Reports. Even Mayor Giuliani, who is perpetually promoting the decrease in crime in New York, is not …

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Insurance
1997 Jul/Aug Directors' and Officers' Insurance

Being elected to serve on the board of your co-op or condo can be viewed as a great honor or a dreadful burden. Those who look for the positive in any new situation will focus on the fact that their neighbors have confidence in their lea…

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Finance
1997 Jul/Aug Back From the Brink of Disaster:

Co-op and condo boards, together with their professional managers, are responsible for their properties' financial well-being. Every financially-challenged property faces the same perils: an inability to meet ongoing expenses, the consequen…

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Maintenance
1997 Jul/Aug Regulating Boiler Repairs

You probably don't think about your building's boiler very often. As long as it provides heat and hot water, it's pretty much out-of-sight, out-of-mind. And when the boiler does need repair, you probably depend on your management company …

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Design
1997 May Renovation Woes

Every day in New York City interior renovation work is taking place that is illegal to a greater or lesser degree. Just because the work looks good, does not mean that it meets Building Code requirements or that it's what the board of di…

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Design
1997 May Re-Designing Common Areas

If two people have a hard time agreeing on what movie to see, it would seem impossible that the residents of even the smallest co-op or condo building would be able to agree on a color scheme for the new lobby. But that's no excuse for…

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