2018 October
Focus on... Board Operations

Board Operations
2018 October Your Board’s Legal Obligations

The board of a condominium, cooperative or homeowners’ association has a fiduciary duty to make decisions in the best interest of the community as a whole. But individual board members may have different ideas as to what those decisions mig…

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Board Operations
2018 October Participation by Proxy

If you live in a condominium, cooperative or HOA, you’re effectively acting as part of a participatory democracy run by an elected group of volunteers. And as with any democracy, those affected by the board’s decisions are encouraged to get…

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Board Operations
2018 October Working With Your Support Professionals

Attorneys and community association managers can be a godsend for the board of a co-op, condominium or HOA. Most boards consist of volunteers who usually have quite busy external lives themselves, so having an experienced professional on th…

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Board Operations
2018 October Board Culture

A condominium, cooperative or homeowners’ association is only as efficient as the elected board that oversees its day-to-day operations. Considering how difficult it can be to find time for family, leisure, and sleep amid work and assorted …

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Management
2018 October Boards Battle Burnout

While a productive building or association manager who ably navigates the day-to-day operations of one or more client communities may not have millions in the bank, it’s hard to argue that he or she is not ‘successful’ in practical terms. B…

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Real Estate Trends
2018 October Capital Gains and Your Co-op or Condo

Appreciation, and the profit that comes with it, is surely a major benefit of home ownership. But that profit does not come without a cost. You can’t hide from the tax collector, and sooner or later he or she will come looking for you to ex…

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Real Estate Trends
2018 October Social and Recreational Programs

Condo, co-op and HOA communities come in all sizes, shapes, and locations. They can range from literally thousands of units spread across multiple high-rise buildings, or scores of single-family townhomes in sprawling HOAs. They can be desi…

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Law & Legislation
2018 October HDFC Co-op Real Estate Tax Foreclosures

When most New Yorkers think of co-op apartment buildings, they have a vision of a stately old Park Avenue prewar residence; a shining, modern glass tower on the Hudson waterfront; or even maybe a quaint duplex in brownstone Brooklyn. But th…

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Maintenance
2018 October Autumn Extermination Challenges

Whether in a single-family home or an apartment building, pretty much every homeowner has had that moment: when in the middle of the night, he or she turned on the kitchen light to see a huge water bug scurrying across the counter, or heard…

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Q&A
2018 October Q&A: Rules That Favor a Board Member

Q. Can a board member vote on a change in rules that will directly benefit him/her? For example, the board member is an investor with more than 10 units and needs more parking spaces for tenants. Therefore, he/she moves to vote to change …

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Q&A
2018 October Q&A: Board Won’t Release Monthly Financials

Q.  When asked for full copies of monthly financials or ability to at least view them, I am told that this info is confidential and can not be released. My board will only issue a pie chart showing where funds are placed and totals of inco…

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