ARCHIVE SEARCH RESULTS

When a new condominium is formed, the sponsor often offers a waiver period, which can lead to concerns about unpaid bills, maintenance contracts, and other operational concerns, but a proactive approach and an audit of the building's finances can help avoid financial confusion and ensure a smoother handover of responsibility. (Print: Squaring Expenses)

A 34-story condominium on the Upper West Side had to replace its terra cotta rainscreen after a tile fell from one of the upper floors and cracked a paver on a lower terrace, and the new aluminum panels are expected to last for the life of the building. (Print: A Disaster Waiting to Happen)

Boards must navigate legal protocols and communicate with delinquent residents to prevent arrears from impacting a building's operating budget and reserve funds, while also setting up payment plans and leveraging statutes to collect rent from tenants. (Print: Act Fast And Consider Payment Plans)

Boards and apartment dwellers need to ensure they have adequate insurance coverage for everything to avoid being caught short in the event of a fire or flood, as lack of insurance can lead to financial burdens for the co-op and significant out-of-pocket costs for shareholders. (Print: Coverage Is Complete)

Interior soundproof windows are an affordable option for apartment buildings to mitigate daytime noise pollution, with CitiQuiet Windows offering a cost-effective solution for co-ops and condos to improve their energy efficiency and comply with Local Law 97. (Print: The Problem: Noise Pollution)

James Park, Managing Director of Spark Super, helped a 425-unit co-op in Lower Manhattan find a permanent resident manager to fill a temporary position, ultimately hiring the temporary staff member to a permanent position. (Print: The Problem: Resident Manager Matchmaking)

Insurance brokers are working to lessen the sting of premium increases by getting proactive about renewals, looking for value rather than the lowest premium, and delivering the news early to allow boards to adjust their budgets accordingly. (Print: INSURANCE STICKER SHOCK)

A co-op in Astoria consulted with aRoboticsCompany to investigate leaks in a 2,000 square-foot deck, and after providing evidence to the contractor, the contractor agreed to replace the 300 square feet of damaged deck, saving the co-op money and time. (Print: Finding Leaks)

When commercial owners aren’t paying their fair share of maintenance, boards can’t afford to let imbalances go unaddressed. (Print: Checks and Balances)

Boards are scrambling to undertake energy retrofits to avoid hefty fines for carbon emissions, with some opting for mortgage refinancing or lines of credit to fund the projects, while others are allocating a portion of maintenance to the reserves and imposing flip taxes, sublet fees, and alteration fees. (Print: Energy Upgrade: A Step-by-Step Strategy)