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.
Read MoreAs a coop board member, ensuring the safety and compliance of your building is paramount. With the introduction of NYC Local Law 157, mandating the installation of natural gas detectors in all residences, it's crucial to plan effectively for this requirement. Understanding the financial implications and planning ahead will not only ensure compliance but also contribute to the safety and well-being of your residents. So, let's dive into the natural gas alarm law and how you can plan it effectively in your coop or condo.
Read MoreIf you own or serve on the board of a cooperative or condominium in NYC, you might feel unsure about what each person's roles and responsibilities are. This includes your staff, board members, and especially your property manager. Knowing who does what is really important for being a good neighbor and for boards to keep your building running smoothly.
Read MoreWelcome, Manhattan Coop and Condo Board Members! In the sphere of urban architecture and safety regulations, New York City sets the standard with its stringent building codes and standards. As stewards of your community's safety and integrity, understanding these regulations, particularly the Façade Inspection Safety Program (FISP), is paramount. This informative explainer is tailored just for you.
Read MoreAs the days are slowly getting longer and the imminent arrival of summer, coop boards in New York City find themselves at a pivotal juncture. Now is the perfect opportunity to ensure their Heating, Ventilation, and Air Conditioning (HVAC) systems are ready to combat the sweltering heat that characterizes NYC summers. Whether it's the hum of central air conditioners or the whir of through-the-wall units, energy efficiency consultants play a vital role in assisting co-op boards in navigating this seasonal transition. Let’s explore the ins and outs of heating and air conditioning in NYC buildings.
Read MoreAs 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.
Read MoreConsidering 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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