CooperatorNews New York

Serving the co-op and condo community with thousands of free articles on management, finance, maintenance and more...

[CooperatorNews New York @TheCooperator]

NYC to Explore Using Drones for Facade Inspections
City Council Orders DOB Study https://t.co/u12MxytuRl

[CooperatorNews New York @TheCooperator]

Where is the Apartment Market Headed?
Stepping Out of Limbo https://t.co/ZFromcgWfJ

[CooperatorNews New York @TheCooperator]

Anatomy of a Condo Loan
One Building's Case Study https://t.co/syfjScVMB6

[CooperatorNews New York @TheCooperator]

https://t.co/py0Fvew7jz

In many ways co-op, condo, and HOA living represents the most basic form of representative democracy. Where does the authority of the board come from, and how must board members be chosen? Read the full article to learn more!

[CooperatorNews New York @TheCooperator]

https://t.co/Z1GxCt5pTM
In the world of co-ops, condos, and HOAs, management plays a slightly different role than it does in the rest of the real estate world. In co-ops, condos, and HOAs, the role of management is to support the board of directors Read the article to learn more

[CooperatorNews New York @TheCooperator]

Like any profession, property management has its moments. Managers often feel a sense of great achievement when they’ve done a good job for a client community. Ironically, that good work is rarely recognized. Read the article now! https://t.co/KxbBtxRm63
⁠

[CooperatorNews New York @TheCooperator]

Buying into a community like a co-op, condo, or HOA can be a bit like selecting the political system you’d like to live under. Most often though, the extent of a board’s powers is set by a combo of state statute and regulation and the community’s own docs. https://t.co/BgpMm5zlgh

[CooperatorNews New York @TheCooperator]

Planned communities in the US are generally governed by volunteers of the building or community elected by their fellow unit owners. There are no requirements or prerequisites for serving on a board, other than what might be specified in the governing docs https://t.co/m0bU1vmBmg

[CooperatorNews New York @TheCooperator]

Insurance coverage and the inevitable claims that coverage defends against are a fact of life for multifamily residential communities. In that setting, it’s critical for all parties to understand whose policy covers what, and under what circumstances. https://t.co/tY7MvOWZ6I

[CooperatorNews New York @TheCooperator]

A recent analysis by https://t.co/INc6Gyab0f shows that in an increasingly competitive housing market, condos, co-ops, and attached townhouses offer an affordable alternative to comparable single-family homes, especially in high-density, high-cost markets https://t.co/mOPEE0LtSz

[CooperatorNews New York @TheCooperator]

The U.S. housing market may be turning a corner after a two-year stretch of high demand and fast-rising prices. Sales prices for homes have begun to level out, as homes sit for longer on the market and sellers show greater willingness to lower their price. https://t.co/Rf9iermjOm

[CooperatorNews New York @TheCooperator]

On June 28th, NYC development and construction management firm New Empire Corp announced a new condominium development in Woodside, Queens. The developers aim to attract both single residents and families “with sweeping views of the New York City skyline.” https://t.co/GSpQnh3uCh

[CooperatorNews New York @TheCooperator]

I live in a senior co-op & occasionally we have quality of life issues and we spoke with the offending resident. When that failed, letters from our board and our managing agent also failed. Any suggestions on how to handle this type of resident? https://t.co/SewdPnrtPV

[CooperatorNews New York @TheCooperator]

Americans are a particularly litigious lot. This tendency is unfortunately common in the nation’s co-ops, condos, and HOAs, where the ideals of communal living and shared ownership sometimes get overshadowed by grievance and strife. ⁠Read to learn more!
https://t.co/Tdc8ctEimp

[CooperatorNews New York @TheCooperator]

Even though 2022 started off with a backlog of court proceedings and legislative sessions after months of COVID closures, a number of cases and bills of interest to the multifamily housing community have gone through or are in the process of being decided https://t.co/oVhvgUXjrO

[CooperatorNews New York @TheCooperator]

For the first time in decades, serious inflation has reared its ugly head. Costs for nearly everything—including the goods and services needed to operate and maintain multifamily properties—are up an average of 10%. The question is, how to pay for it?⁠ https://t.co/8pBYN8APFc

[CooperatorNews New York @TheCooperator]

Facade problems don’t go away - they simply get worse, and more expensive to fix. So what could have been a series of relatively inexpensive repairs made over time are now urgent, and require additional inspections from an engineer. Read to learn more! https://t.co/QYct4jT6ig

[CooperatorNews New York @TheCooperator]

Rebranding is different from simply changing a building’s name. In this article, we’ll look at the nitty-gritty of the process; what’s involved, who’s involved, and the potential challenges that may arise.⁠ Read the article now! https://t.co/GAgrH4DXRc

[CooperatorNews New York @TheCooperator]

The World Property Journal reports that the costs to comply with regulations imposed by all levels of government account for an average of 40.6% of multifamily development costs nationally. Read to learn more! https://t.co/HFSBdrj5l0

[CooperatorNews New York @TheCooperator]

Amid the pressure of an overheated real estate market and possible looming recession, some co-op and condo properties are looking to stand out in today’s landscape. One strategy some are embracing is rebranding a community. Read to learn more! https://t.co/SZfhjGkODI