New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

ARCHIVE SEARCH RESULTS

Subscriber Login


Showing articles 41 to 50 of 100 results
returned by “Special Section”

Back to Archive
  • Article
    Topics
    Column Type
    Issue
  • Talk, Talk, Talk

    Effective communication is crucial for managing boards' governance challenges. Managers facilitate discussions, distill information, and encourage transparent communication with shareholders through newsletters and meetings.

  • The Sublet Conundrum

    Smaller co-ops face unique challenges enforcing rules due to close relationships among residents. Balancing regulations with compromise and collaboration is crucial.

  • Action Time

    The Climate Mobilization Act and its fines for carbon emissions necessitate proactive retrofitting. Delaying leads to escalating fines. Electrification and preparation for the future are crucial. Ignoring the Act is not advisable for boards.

  • Covering Your Taxes

    Co-ops with underlying mortgages must share annual budgets with lenders. Property taxes, up to 50% of budgets, are challenging to predict. Tax certiorari lawyers contest assessments, reducing valuations. Finalized budgets consider settlements, keeping buildings healthy and appealing for residents, refinancing, and potential buyers.

  • The Talk Factor

    After taking over a self-managed co-op with an efficient but communication-lacking board, new measures like Q&A sessions and newsletters improved relations with shareholders. Tech-savvy additions and improved internal communication have shown positive results.

  • The Prevailing Wage Predicament

    The new mandate requiring co-ops and condos to pay prevailing wages to employees in order to receive the property tax abatement has had a significant impact on budgeting. For condos, this means increasing the budget by raising common charges to meet the prevailing wage requirements.

  • Feeding the Reserves

    The reserve fund of a co-op or condo reveals important information about the board's planning, budgeting capabilities, and available resources. A depleted reserve fund and an unbalanced budget indicate significant financial challenges.

  • Dog Bites Condo Board

    When dealing with emotional-support animals, co-op and condo boards must be cautious to avoid violating anti-discrimination laws. Boards often find it challenging to address emotional-support animal cases, even when the unit-owner seems to be in the wrong.

  • When Neighbors Aren’t Neighborly

    Obtaining access agreements for repairs that require access to neighboring properties can be challenging. Changes in laws and enhanced safety measures have made these agreements more complex. Reciprocal access agreements, where both buildings may need access to each other at some point, can help level the playing field and avoid one party being excessively demanding.

  • The Fine Art of Scheduling

    Property managers play a crucial role in helping co-op and condo boards understand the importance of effective scheduling in managing the many moving parts of running a building. Scheduling is essential in maintenance requests, inspection service appointments, and deliveries, and managers must consider various factors like timing, disruption levels, chemical usage, and access.

1 2 3 4 5 6 7 8 9 10

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?