Category: Building Operations

Maintenance
1999 Jun Cover Story: Where Does All the Garbage Go?

There was a time not long ago when New Yorkers could throw just about anything away and not give it a second thought. But in the late 1980s, the federal government enacted strong environmental legislation, including the closure of many land…

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Maintenance
1999 Apr Your Building's Superintendent

If you had to name the single most valuable individual to your co-op or condo, who would it be? Certainly, your board president, managing agent, corporate counsel and accountant are key players. But boards and residents should never underes…

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Finance
1999 Mar Analyzing Financials

There are countless war stories told by real estate brokers of deals that fell apart because the buyer felt that the building's financial statement contained negative information. There is no question that it is essential to review the fina…

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Finance
1999 Feb Raising Revenue in Co-ops and Condos

Could your building use a facelift? Have you contemplated better-fitting windows, new carpet or an updated elevator, but the board's answer was always "There's not enough cash." From renovation and moving fees to renting out roof or basemen…

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Management
1999 Feb Evaluating Management Performance

Professional residential management is a service industry, and some service providers perform better than others. To evaluate how your property's management measures up, it's necessary to assess both how the company functions as a whole …

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Finance
1999 Dec/Jan Co-op to Condo Conversion:

Last summer, a financially beleaguered 47-unit cooperative at 30 West 90th Street in Manhattan made news when it converted to condominium status. That was not the first time a co-op converted to condo. A Teaneck, New Jersey co-op underwent …

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Maintenance
1998 Nov Maintenance Fees

Cost of living increases can be felt everywhere, from the theatre to the supermarket to the gas station. So it may come as a surprise to many co-op and condo residents that one place you don't have to expect an increase is in your monthly m…

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Finance
1998 Apr Detailing the Dollars

Thinking about your co-op or condo as a financial entity doesn't produce the same warm feeling as thinking about it as a home; but the fact remains that it is a financial entity in which you and your fellow shareholders or unit owners hav…

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Finance
1998 Apr Refinancing End Loans

It seems as though everyone is talking about refinancing these days. With interest rates at an all-time low, more and more homeowners are taking advantage of the opportunity to reduce their monthly mortgage payments and/or take more equit…

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