ARCHIVE SEARCH RESULTS

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.

There is a shortage of workers for porter, doorman, and handyman positions despite higher wages due to prevailing wage regulations. Buildings paying prevailing wages find it hard to revert to lower wages and need to consider the long-term commitment. Unionization can be a strategic choice for attracting and retaining employees.

It can be risky business when residents hire building staffers for minor repairs.

Be consistent in applying rules to staff members.

Make salaries clear when hiring — or face stiff fines.

Five tips for getting the most from your building staff.

When emergency strikes, shareholders come to the rescue.

The bill banning criminal background checks on potential apartment buyers is back.

Prevailing wage calculus is forcing boards to make difficult decisions regarding their staff.

The risks of letting staffers do jobs on the side for residents.