Making a change in property management is one of the most significant decisions a co-op or condo board can face. In a recent episode of Habitat Magazine’s Problem Solved! podcast, Tina Larsson, co-founder and CEO of The Folson Group, shared a success story about a Westchester co-op board that found itself in a challenging situation with its existing property manager.
Read MoreThe annual meeting is a cornerstone event for any coop or condo building. It’s not just about checking off a governance requirement; it’s an opportunity to foster transparency, engage shareholders or unit owners, and build trust in the board’s leadership. Importantly, this is where the board members are elected, making it a critical event for shaping the building’s governance. A well-planned annual meeting can set the tone for the entire year, while a chaotic one can erode confidence and create unnecessary friction. Here’s how to ensure your building’s annual meeting runs smoothly and achieves its goals.
Read MoreIn Manhattan co-ops, resolving disputes between neighbors can be a delicate process. A recent New York Times article tackled this issue, highlighting a situation where one shareholder’s HVAC installation was causing problems for another. I was honored to contribute my perspective on how to navigate these challenges effectively and amicably.
Read MoreWhat's your biggest fear of living in an apartment building?
Sure, leaks from burst pipes are costly and inconvenient, but fires? Fires are terrifying. They can escalate quickly, cause significant damage, and put lives at serious risk. The good news? Fires are often preventable if you take proactive measures. Here’s what every co-op and condo resident and board member should know to protect their building from a disaster.
Read MoreImagine stepping into your building’s beautifully decorated lobby, warmly greeted by neighbors who were once just faces in the elevator. In a condo or co-op, a holiday party is more than just a seasonal celebration—it’s a chance to build a genuine sense of community. Hosting a holiday gathering can help you get to know your neighbors, strengthen connections, and improve the overall experience of living in your building. Here are the many sides to a building-wide holiday party and what it can do to create a friendlier, more connected community for everyone.
Read MoreJust when you thought you had enough on your plate—keeping up with energy codes, structural upgrades, and managing an aging building—now you’ve got the Corporate Transparency Act (CTA) to think about. Fun, right? This new law is trying to tackle money laundering, which may feel like a bit of overkill in coops and condos. That being said staying compliant is key to avoiding potential headaches. So, let’s break it down—what does the CTA mean for you as a board member, and how can you manage it without losing more sleep?
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Managing CAPEX (Capital Expenditure) projects in NYC co-ops and condos is a complex yet essential responsibility as a board member. Whether you’re overseeing a FISP project, ensuring Local Law 88 compliance, or tackling multiple Local Law 97 initiatives, the board’s decisions play a crucial role in maintaining and enhancing your building’s value, safety and efficiency. But how do you ensure your projects are successful from start to finish?
Read MoreIn the world of NYC co-op and condo management, communication is king. When you foster open dialogue with owners and residents, you create a harmonious environment where issues are addressed promptly and efficiently, significantly reducing the likelihood of Housing Preservation and Development (HPD) violations. This article will explore how effective communication can help prevent these violations, the importance of keeping residents informed, and the specific areas of HPD violations that need attention.
Read MoreCongratulations on your new role! Stepping into a position on the coop board of an NYC coop is both exciting and challenging. You've been entrusted with a vital responsibility—your leadership will significantly impact the quality of life for all residents in your community. This is more than just a role; it’s an opportunity to make meaningful changes and create a positive living environment for everyone.
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