December 10, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. A co-op board is rightly skeptical of a claim that no possible antidepression treatment even exists other than a dog. A starchitect's building in Brooklyn comes without a trash room, and the city says it's legal — but still tickets the condo for, well, not having a trash room. Manhattan condos are selling strong, but co-op bargains are to be had in the Heights. And for co-op / condo boards, a discrimination lawsuit still stands, but its lawyers don't.
Written by Tom Soter on June 06, 2013
The co-op board was complaining about the superintendent. "He sends us bills for everything he does," said the treasurer. "He paints the hallways, we get a bill. He repairs the burner, we get a bill. He fixes plumbing in the walls, we get a bill. What are we paying him for? Cleaning up the hallways and common areas?"
I listened carefully to the duties enumerated by my colleague on the board and thought, "That's an awful lot of work to do for the pittance we pay him."
Written by Jennifer Wu on May 14, 2013
Our bags were gone.
My fiancé, Mike, and I had come home after having dinner at my parents' house. While he was parking, I took a few bags of groceries upstairs to our sixth-floor walk-up apartment and left a suitcase and another bag of groceries in the lobby for Mike to bring up when he came in.
But by the time he arrived — only a brief 10 minutes later — the bags had disappeared. After knocking on a few doors and finding that no one had seen or heard anything, we realized that our bags had been stolen — from our locked lobby!
Written by Jennifer V. Hughes on August 30, 2012
Steven Schneider, an owner of the back-office company Back Office Inc., a.k.a. The Back Office, cautions that not every type of building benefits from "back-office only" (BOO) services. "It's the building that is having a lot of waterproofing issues," he says by way of example. "It's the building with the boiler they've had since year one and they've been putting band-aids on it, the building with a lot of problems and a board that needs its hand held every day."
As well, Schneider says, some potentially ideal candidates for BOO won't consider ditching their managing agents because it's seen as an issue of prestige to have an agent.