In the typical suburban condo development, one must go to another location to shop— maybe to the mini-mall, or the big box store down the road. But in New York City co-ops and condos, stores are often found on the ground floor—supermark…
Think about this: according to the United States Department of Labor, each year nearly 2 million American workers report having been victims of workplace violence. Fraud committed by employees cost American companies approximately $20 …
New York City is a metropolis of 8.2 million residents, so it’s not surprising that it takes an awful lot of people in a lot of departments and organizations to keep the town’s government running smoothly. Some of those people (the mayor…
By and large, a board and management company can expect payment from residents for monthly fees to be received on time and in full. These all-important funds keep day-to-day operations moving forward without delay. There are situations,…
In an online forum, Sharon complains about her upstairs neighbor and begs for advice. Her neighbor had installed a washing machine in her unit, even though there was one already downstairs for the residents of her six-unit building to …
Whether it is redesigning light fixtures in a common space or replacing a roof, repair jobs and capital improvement projects are like death and taxes, they are inevitable. Whereas a building administrator or a managing agent most often …
Managing a cooperative or condominium apartment building in New York would be a piece of cake… if weren’t for all those people. “The bricks and mortar is easy,” says Margie Russell, managing director of the New York Association…
Q Is it legal for the board to take the shareholders’ tax benefit credit every year without their consent, as a special assessment and a second assessment as well, within six months apart? I received the letter about this, contacted …
Q If there is damage to my roof and it leaks into my condominium unit and I reported it to the board three times with no repairs made, can I repair it myself and deduct the cost from my common charges? —Falling on Deaf Ears …
There's no question that the operational and administrative complexity of multifamily buildings requires effective management to create and maintain a safe, secure environment for residents and staff alike. Property management…