Being the president of the co-op or condo board can not only feel like a thankless position, but in many ways like a one man show. The president has the final signature, and while the entire board may technically be responsible for certain aspects of the running of the board, the final responsibility (or ‘fault’ depending on your outlook) often rests on his or her shoulders.

Is your Association simply a business enterprise . . . or is it a community? Of course, it’s both. So along with news of important financial decisions, your Co-op, Condo, or HOA Board would do well to share ideas that will enhance the community’s sense of well-being.

Even though energy efficiency has been discussed for decades, it is only in the last few years that it is starting to gain traction. In New York City, the various energy laws and programs were launched during the Bloomberg administration. The first such law was Local Law 84, or benchmarking. The objective when this began in 2009 was to measure and gather data and then use that data to reduce and conserve.

We launched a video interview series that brings an interesting and informative twist to the managers and operators of multifamily buildings. Many of the experts in our interview series are a little unusual and not as often talked about. This includes, but is not limited to new or “fairly new” laws, new services, and services and vendors that we find interesting.

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One of the disincentives that keeps qualified people from joining their building’s board is the demand on board member’s time. Work in between meeting can generally be done at your discretion, but the meetings themselves are at a set time and day, and can often be long, contentious, drawn out and just plain borrrr-iiiing.

Now that heating season is nearly over (trust me! It really is!), you are aware of all the problems that arose this year. You might even have had some occasional outage, always on the coldest day of course. Well, believe it or not, before you start planning for summer- start planning for next winter! That’s right, winter preparations begin now. There are a few reasons for this:

You may be new to your board and not know where to begin, or a returning board member who feels that you are not contributing enough because you don’t know what to do. Well, then this is your lucky day, because we are going to tell you about not one, not two, but 5ive(!) excellent resources for all condo and coop board members!

As co-op and condo board consultants, we speak with board members on a regular basis. And if we had a nickel for every time we hear – “But you don’t understand, our building is different!”, we would have had a lot of nickels. So we felt that it would be appropriate to share all those “special” situations so that for all the board members out there, you can see that you are not alone. Here are the top 5 “special situations that we see over and over again:

Correcting what many consider an egregious mistake, congress changed course and made cooperative apartment buildings eligible for Paycheck Protection Program (PPP) Loans in the recently approved second go-round called the Economic Aid Act of 2020. Unfortunately, condominiums and HOAs are still not covered, but including co-ops is at least a small step in the right direction.

New York City Co-op and Condo management is as efficient as its team members. With the many layers of management, it is easy to see that inefficiencies can develop. Being aware of why Co-ops and Condos are inefficient is fundamental to correcting the problem.

Do you remember as a kid playing the game of “Telephone?”