2019 October
Focus on... Board Operations

Board Operations
2019 October A More Affordable New York?

Housing affordability – or un affordability, depending on your relative net worth – has always been a hot topic in New York City.  Today’s housing market is no different – though in recent years, thanks to a combination of factors both e…

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Board Operations
2019 October Co-op/Condo Communities and Social Media

From getting the news, to finding that ultimate BBQ recipe, or just keeping up with friends and relatives both near and far, social media has become entwined in the fabric of our lives. In fact, Facebook, Instagram, and the rest are so ubiq…

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Board Operations
2019 October Being Good Neighbors

For most, living in a co-op or condo association implies at least some level of interest in being part of a larger community. That interest is usually limited to the condo or co-op community itself – but what about the greater community aro…

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Management
2019 October Co-ops, Condos, & Kids

While children are most certainly the future, in the present they can often be a bit of a handful. In buildings and associations where residents live in close quarters, it’s inevitable that unit owners without kids will cross paths with the…

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Board Operations
2019 October Maintaining Proper Records

It is essential that a community association keep careful records of its financials, rules, and meeting minutes, just to name a few of the kinds of records boards and managers must stay on top of. Not solely because the law often requires i…

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Finance
2019 October The New York City Department of Finance

The New York City Department of Finance (DOF) is the city's revenue service, taxing authority and recorder of deeds. It collects more than $39 billion (yes, with a 'b') per year in revenue, and values more than 1 million properties collecti…

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Management
2019 October How Property Managers Save Time

To describe the life of a property manager as 'busy' is an understatement. From visiting client communities to answering endless board member and resident queries, to fielding bids from contractors—the property manager's work is never compl…

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Finance
2019 October Protecting Your Reserve Funds

With the stock market chugging along and the Great Recession of the late 'aughts in the rearview, the question might occur to some financially-savvy board members: Are our building's cash reserve assets performing at their best? Could they …

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Management
2019 October Why Am I Being Deposed?

The unit owners in your condominium have been noticed for deposition in the pending transition litigation. Now they have come to you, the property management team, with questions. What should they expect at the deposition? What kinds of que…

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Q&A
2019 October Q&A: Calculating Assessments

Q. I live in a Queens County cooperative complex with 250 units. I have lived here for more than 30 years, and have paid many assessments, always using the 'pro rata percentage' to calculate the assessment. The board has now determined th…

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