Our own site property manager retired without property management company posting a official notice. A shareholder posted a farewell notice alerting us about a party. Should the board and management been the ones to give official notice? Why did they wait until the last minute to make a decision about a replacement? Can a 490 unit cooperative operate with a off site property manager so we can sell the office or rent it out for revenue?> Join the conversation Comments (1)
I'm the buyer for a COOP in Upper East Side Lenox Hill area. The Board package was delivered by my agent to the management company of the COOP, 5 weeks ago.
The agent forwarded me an email update 2 weeks ago from the management company that the package has been received and reviewed by the board but I still don't have a date for the interview.
Does anyone have opinion on the timelines of how long after the package has been received by the board does the buyer typically get an board interview?
Do you know of any lawyer who works extensively with small (5-20 units) self-managed coops. Also, someone who works in the downtown environment who will have connections that could be helpful, but most important is someone who deals with small coops that are self-managed. Thank you.> Join the conversation Comments (1)
I live in a coop in Brooklyn, NY. We've had no gas for an entire year. The Board claims National Grid shut our gas down due a reported gas leak by a resident. I can understand this taking a couple of months to repair due to the size of the building but an entire year? This is outrageous!! A litany of calls to 311 and similar NYC agencies has yielded no results. Anyone have any suggestions on how to force management to speed the repair process? And by the way, they've increased our maintenance fees twice since this saga began. Many shareholders believe its part of an intricate scam designed to build cash reserves and legitimize - on paper anyway - the property as a profitable acquisition for real estate investors. Appreciate any feedback and sorry for lengthy post.> Join the conversation Comments (2)
When shareholder submit a petition for a special meeting, are there any rules about when the Board and Management need to schedule the special meeting? (Aside from the 10 - 40 days pre-notification to shareholders required for any meeting). Can the board schedule the meeting for more than a month after receiving the petition?
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