2010 Jan
Focus on... Management/Board Relations

Management
2010 Jan The Cooperator's Co-op & Condo Expo

 The Cooperator magazine and Yale Robbins, Inc. are pleased to invite all  property managers, board members, shareholders and unit owners to the 23rd  annual Co-op & Condo Expo, a one-day trade show event on Tuesday, April 27, 2010 from 9 …

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Management
2010 Jan Make My Day

Managing a portfolio of co-ops and condos can be an adventure, no matter how small the buildings or how civil and well-mannered the shareholders and owners. Problems inevitably arise, and when they do, the managing agent can often wind …

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Management
2010 Jan Service with a Smile

At one point or another, we’ve all felt like this: I gotta go to the dry cleaners, get the computer fixed, pick up groceries after the ballet recital, wait, a client meeting just popped up, oh, and I have to make reservations …

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Management
2010 Jan To Be Managed - or Self-Managed?

While the majority of co-op and condo communities in New York hire professional management firms to handle their day-to-day operations, many others choose to go the self-managed route, which can include hiring on-site staff or having r…

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Management
2010 Jan Managing Distressed Properties

Almost any veteran property manager can tell tales of buildings that have fallen on rough times thanks to the economic meltdown of the last few years. Some have been beset by multiple unit foreclosures, others are dealing with defaultin…

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Real Estate Trends
2010 Jan From Boom to Bust

A short distance away from this writer’s “regular,” non-Cooperator job in Downtown Brooklyn is a large, empty edifice, a former industrial building. A year or so ago, the conversion of this building to condos was a big deal—a sales offi…

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Finance
2010 Jan Fraud Detection for Co-ops and Condos

Criminals like Bernard Madoff and other so-called “white collar” lawbreakers have made headlines recently with their financial double-dealings, but unfortunately, fiscal mismanagement and fraud also happen in co-op and condo communities…

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Law & Legislation
2010 Jan Federal Stimulus Helps Housing

In early 2009, at the urging of President Barack Obama, Congress passed the American Recovery and Reinvestment Act (ARRA) with a view toward easing the blow dealt to the economy by what some are calling the Great Recession. The ARRA ha…

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Board Operations
2010 Jan Pet Problems

 Just take a walk around the streets and parks of the city, and it’s easy to see that New Yorkers love their pets. But not everyone loves animals,  of course—and this can be problematic when it comes to a board deciding if pets should be  …

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Management
2010 Jan Do Good Fences Make Good Neighbors?

 With land so developed, it is sometimes impossible for New York City property  owners to build, repair or improve their own property without accessing their  neighbor’s. But if your neighbor is unwilling to grant you access, what is your …

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Management
2010 Jan Estate Planning

Planning for what happens to your estate upon your death is never a pleasant chore, but if you own property of any kind, that planning is an vital responsibility. While there are many aspects and legal mechanisms that can be considered…

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Q&A
2010 Jan Q&A: No Quorum?

Q Is there a law allowing us to conduct a meeting without a quorum reached? We need more than 50 percent of the vote and certain shareholders refuse to attend the meetings. We don’t have a co-op board and can not elect one. The old b…

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Q&A
2010 Jan Q&A: Right to the Deceases's Estate

Q “If a unit owner is deceased, what are the inheritance rights of a relative, for example, let's say, siblings, to moving in and taking possession of an apartment?” —Legal Legacy A “There are several iss…

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