Elevate Your Building for a Successful Year Ahead

As we step into a new year, it's a perfect moment to reflect on the strides made and to look ahead with optimism. Your coop or condo isn’t just a building, it’s a community, a home, and an investment. Beyond being a mere chronological transition, a new year signifies a fresh start upon which our lives, experiences, and aspirations will be woven. This year also signifies the effectiveness of Local Law 97, which makes this year an especially transformative moment for your coop or condo. Using various tools when crafting a more promising future for your building is more important than ever.

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Is a Reverse Mortgage Right for You?

Considering a Reverse Mortgage in your coop? Your Questions Answered!

Making financial decisions, especially concerning your coop in the vibrant landscape of NYC, can be overwhelming. For many coop owners, considering a reverse mortgage can open doors to financial flexibility. Yet, the crucial question lingers: Is a reverse mortgage in NYC coops the right choice for you? In this article, we delve into this important inquiry through common questions and expert insights.

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How to Show Gratitude to Your Building Staff

'Tis the season for giving, and what better way to show appreciation than by tipping your building staff for their year-round service and dedication? The holiday season is a perfect time to express gratitude to the hardworking individuals who keep our coop and condo buildings running smoothly. At The Folson Group, we understand the importance of fostering a sense of community within your NYC coop building.

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The Persuasion Playbook

Ever found yourself navigating the tricky waters of a coop board with that one steadfast but hesitant volunteer? Picture this: a decision hangs in the balance, and despite the collective will of the board, this one individual assumes/ possesses the power to halt, delay, or even stop progress. It's the classic tale of one person holding the reins, creating a dilemma that echoes throughout the entire boardroom. Let's unravel the challenges of breaking through the hesitation barrier for the greater good of your coop owners.

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5 Steps to Proactive Coop and Condo Board Management

In the busy landscape of coop and condo board management and responsibilities, the tragic incident at Champlain Towers South underscored the critical need for a proactive approach. Learn how adopting a proactive mindset can not only enhance the safety and well-being of residents but also create a positive living environment.

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What’s Entailed in Getting a Reverse Mortgage?

 

Navigating the complex world of mortgages in New York City's co-op buildings can be daunting, but a reverse mortgage offers a unique financial solution. If you're a co-op owner in NYC considering this option, it's crucial to understand the intricacies involved. Here’s a comprehensive guide to demystify the process of obtaining a reverse mortgage in your coop NYC.

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A Key to Volunteer Success

In the fast-paced world of New York City, effective time management is a crucial skill for volunteer board members in coop and condo buildings. As you navigate the complex responsibilities of ensuring building safety, compliance with Local Laws, and the well-being of your community, this listicle will provide a comprehensive guide to help you optimize your time and achieve your objectives. Read on as we dive into the world of time management and we’ll equip you with the tools to excel in your role as a volunteer board member.

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Navigating Rising Costs

As the school year has kicked off and the holiday season approaches, co-op shareholders and condo owners in NYC are bracing for the annual increase in their monthly fees. This financial challenge is particularly daunting in an economy marked by high inflation and stagnant salaries. In the midst of these economic concerns, the coop and condo boards must also grapple with vendors and service contracts that annually hike their fees.

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How They Affect Your Co-op or Condo

Let’s delve into a crucial topic that directly impacts the well-being of your building: HPD (Department of Housing Preservation and Development) violations in the heart of Manhattan, NYC. Get ready to explore the what, why, and how of these violations and how they can affect your community.

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New-Gen Boards Transform Apartment Living

In the heart of Manhattan, a new era is dawning for co-op and condo boards, a generation of leaders eager to redefine the landscape of their residential communities. They are not mere custodians of emergencies but champions of proactive, sustainable, and safe living. It's a refreshing shift that's rewriting the rules and creating a vibrant tapestry of change in New York City's housing landscape.

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