Written by Vivian Lee on October 30, 2014
You're a co-op or condo board president and most of the residents in the building don't really know the super, the management or even one another. How can you go about bringing people together in your building and beyond? Here are some tips for creating a sense of community among your residents.
October 22, 2014
A lot has been written about secondhand cigarette smoke, and some New York co-ops and condos, including Manhattan's massive Zeckendorf Towers, have initiated building-wide smoking bans. But what of secondhand pot smoke migrating from one apartment to another? Though pot has been "decriminalized to some degree," writes Ronda Kaysen in The New York Times' "Ask Real Estate" section, it's still illegal in smokable form — medical marijuana not being smokable — so that's a complicating factor when a neighbor is lighting up. Assuming that you're neighborly and don't want to harsh his mellow, here are some options to keep yourself and your family from possible contact high and lung irritation. As for what a co-op or condo board ought to do, well, that's a joint of a different color.
October 28, 2014
It's on the books, it gets little attention and yet it is one of a board's most powerful tools to make co-op or condo owners take responsibility for paying their monthly maintenance or common changes on time. Yet time and again, confusion over how late fees work ends up costing boards much time and many headaches, without solving the issue.
October 30, 2014
Only four people in the United States have been diagnosed with Ebola: three in Dallas and Dr. Craig Spencer, who is currently being treated in New York. The details of his case have sparked concerns among some board members, who are wondering how they ought to proceed should a resident be submitting him or herself to self-quarantine.
Well, well, well ... which is exactly what we're talking about. Geothermal wells, that is, which Habitat has written about since 2008. Why? Because depending on its viability for your particular co-op or condo's location, a geothermal energy project could save you enough bucks you'll want to yell, "Drill, baby, drill!" Although, as BrickUnderground.com's handy primer on geothermal explains, these aren't necessarily wells in the traditional Lassie-has-to-rescue-Timmy-fro sense, but rather a series of underground pipes and pumps that circulate groundwater from the 55-degree good Earth in a way that helps regulate the temperature in your building. It's actually pretty fascinating. Plus, there are government incentive programs to help defray the cost of installation. Saving money through science ... we can dig it.
October 29, 2014
There is nothing certain but death and taxes. And there are peaceful deaths surrounded by loved ones and miserable, horrible deaths involving ... well, you don't want to know. Similarly, there are fair, reasonable taxes and then there's the tax structure visited upon New York co-ops and condos like a plague upon biblical Egypt. That's cooperatives and most condominiums are "Class 2" residential buildings, which pay ridiculously more in property taxes than do single- to four-family homes and brownstones, which are "Class 1," clearly in every sense of the term. Ronda Kaysen's latest "Ask Real Estate" column in The New York Times answers two reader's questions about this very topic, and concludes, in that oh-so-Timesian way, that, "The potential for baffling inequities is huge." Unfortunately, the potential for a fix anytime soon is miniscule.
Written by Tom Soter on October 27, 2014
No one like to imagine fraud or theft from a co-op or condo board director, property manager or vendor. But it happens, so make sure board members understand these basic protections.
October 27, 2014
A READER ASKS: Our co-op board has gotten some criticism lately about being too small and insular. Shareholders are starting to complain that we're not inclusive enough, and now some directors are using that as an opportunity to point out that they are a bit overworked. How many members do we need? Who should serve on the board? And how can we organize the board so that it represents all shareholders, works efficiently and preserves the knowledge obtained by existing board members?
October 24, 2014
"I am honored to receive such recognition by the Queens Chamber," Savino-Erichsen said in a statement, joking that "I must come 'clean': Automatic Industries is a family affair. My father, our CEO and founder, had a great vision and formed a wonderful foundation. We also have a talented and dedicated team that enables us to maintain our success."
Also honored were Daniel Zausner, chief operating office of the USTA Billie Jean King National Tennis Center, given the Community Partner Awards; Edward Farrell, president of Resorts World Casino New York City, with the Regional Economic-Impact Award; Kevin Alexander, executive director of the Rockaway Development and Revitalization Corporation, with the Not-for-Profit Champion; and Marissa Shorenstein, president of AT&T New York, who was inducted into the Queens Chamber's Hall of Fame.
Written by Stephen Varone and Peter Varsalona on October 23, 2014
Property managers and board members are often surprised to learn that converting your co-op or condo's heating plant from oil to gas can require changes to the chimney. Most chimneys were built for oil heat, not gas. If this is the case with your building, then by law it will need a chimney liner to accommodate the new heating plant before you initiate gas service.
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.