With both real estate and rental prices rising quickly over the last two years, U.S. households that don’t currently own their home are facing a major affordability crunch. A new study by Roofstock adds some interesting data to the disc…
Whether you’re a manager or a board member, running a co-op or condo has never been an easy job. There’s always a capital project to fund, a contractor to hire, a dispute to resolve, a leak to repair...the list can feel endless. Add to all …
Gen Z is hitting adulthood at a difficult time. Defined as those born between 1997 and 2012, most Gen Zers today are firmly in early adulthood or in their teenage years. Finding footing at this stage of life is challenging enough on its own…
In early 2020, our firm was hired to prepare a reserve study for an unremarkable 136-unit, 12-story condominium in south Florida. It was the kind of association you could drive right by without noticing, not much different from all the othe…
A recent article on a real estate website posed a common question: What’s the best way for a condo board to collect unpaid common charges? The author of the article - presumably an attorney - gave some pretty good advice…and some not so g…
With safety and environmental regulations on the increase, co-op and condo communities in New York City face a growing slate of compliance work that must be completed in a timely manner in order to avoid fines and other costly penalties. Of…
The job of managing a multifamily property is hectic, and often stressful - but it’s rarely (and blessedly) ever deadly. A tragic exception to that unfolded on August 22 in Atlanta, Georgia, when according to local news outlets a local cond…
President Joe Biden’s signing of the Inflation Reduction Act earlier this week has been heralded as the most far-reaching and comprehensive legislative plan to fight climate change to date. Among many other things, it provides millions of d…
Prior to the 1980s, the majority of New York City apartment buildings were rentals, owned by landlords. Then, in the 1980s, many landlords realized that it would be more financially advantageous for them to sell their buildings to the tenan…
In these difficult inflationary times, many co-op corporations and condominium associations are looking for ways to generate income to make up for unexpected financial shortfalls between their projected operating expenses and current actual…