What are the steps, and who are the players, with regard to the mortgage refinance process. Our balloon mortgage matures in 1 1/2 years and our board is completely new and a little green. Who leads this process? What is the catalyst? When should this process begin? What professionals should we be utilizing?
Hi, I came across this site and wanted to know if you can tell me more about the company. The Board where I live in Wetchester County is looking into the company and anticipate hiring them soon.
Our bldg's front door has a standard mechanical lock. We're thinking about an electronic lock that uses a card, not a key. Shs make keys so friends/relatives can use the apt if they visit NYC or whenever they need a place a stay. Sublet tenants who move out or workmen doing renos don't return keys to Shs. Shs get roommates (which is allowed) but don't tell us. We ask them repeatedly to tell our prop mgr or the super about a new roommate, etc., for security purposes but they seldom do. We're seeing too many people with keys whom we don't recognize, and we don't want this to continue.
Anyone have an electronic card lock for their front door? A digital keypad is too easy - Shs can give anyone the combo. With a card lock, you need a "master" card (which our prop mgr would keep) to make duplicate cards. Approx how much does a card lock cost? Appreciate any info. Thanks.
Ok firstly, sometimes people call this "Biodeisel" but ignore that - they mean the same thing. When refering to heating oil, biofuel is the correct terminology. The term biofuel refers to a mix of heating oil (no 2 no 4 or 6) and virgin soybean oil.
1) Legislation has just gone in for a new 4 year tax rebate if your building starts using this fuel. It has two huge advantages, it is much much cleaner on your boiler and related machinery. It also cuts your emissions of sulpher, carbon and is better for eveyone with ashtma, etc as well as the environment (reduces foreign oil dependency).
2) Because of the tax rebate, it will not cost you anything additional to use and may even save you money. It is a win-win path to take.
3) You should call Metro Fuel Oil Corp. (the front-leader in supplying the NYC area and providers of the freshest mix: 718-383-1400) and they will give you a price comparison between what you are paying now and what you would be paying using the biofuel and applying with the rebate.
Hope this is useful.
We just finished fixing up our basement for storage. We are providing all units with storage space. However, since we are a small self run building (10 units) we wanted to give owner occupiers storage for free. We want to charge tenants yearly for the service. Reasons being the owners who live here chipped in on the fixing up the basement, contribute to generally tasks, like keeping the hallway clean and snow removal. Any opinions?
I am in a small bldg, 10 one bedroom apt. We are going to install 2 washers and dryers in the building basement. We are not using a service. We have looked into coin op to offset the electric/water costs. However, we are concerned about the added work with having to deal with coins. We thought about doing a lock box for people to put money in, as in the honor system. Obiviously there are flaws with the honor system, cheating, etc. But will the flaws outweigh the not having to hassle with coins (jamming, converting to paper money, etc.) Any insights on how small buildings handle their landry would be appreciated.
leak under new floor of coop apt. coop sends in unlicenced super to do plumbing work under floor (in order to save money. yes i know, brilliant right?) - floor gets ripped open. leak repairs attempted. shoddy floor restoration done by super.
a week goes by - leak re-occures and floor is again taken up against protests of resident hwo is now ticked and who wants a letter from management guaranteeing quality floor job. super without plumbing license repairs leak again. does not touch floor which remains for three months in an open condition. finally tenant gets floor repaired for $10,000. now, normally a new floor is the responsibility of the apt owner, however,it seems to me that sending in the unlicenced plumber who did not screwed up the leak the first time around, constitutes negligence on the part of the coop and they must pay for the final floor replacement bill. like it or not. plus there is a breach of the warrent of habitability question. (sorry but we have a slow-learning board and I need feedback..) ANYONE? BP?
I have grown weary of board service.
However, I know too much to give it up.
I am frustrated in my attempts to get the board working together and sharing the work and attention.
I am sick of management not doing what they were hired to do and feeling the need to constantly check up on them because of it.
I am fed up with shareholders who just don't get what it means to be part of a coop or their role in the process.
I am sick of certain shareholders believing I, as a member of the board, am the landlord.
Just when I thought I could get out...they all pulled me back in.
This is my home and I would prefer a seat at the table trying to work towards function as opposed to walking away and allowing dysfunction.
But....lets face it...the coop model stinks. It is ripe for incompetence, inefficiency, wastes time, wastes money...and at worse is ripe for fraud. It is good in theory with a horrible history of practical application.
A BM, for the last 10years has operated a business with employees -- from his apartment Employees spend more time in the build than some owners, come and go as they please, are not bonded and there are no back-ground checks.
Other people now want to open businesses in the building. Some are client-based businesses. (we are a CoOp)
He says the law is on his side, that he is permitted to run a business with one/two employees. We say that the House Rules -- rule, and he has to close his busines. We are concerned that if he does not close his business, others will have to be approved. Does anyone have any info or can you direct us to a site for information...Thanks....
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