Governing Condo/Co-Op Elections
In many ways, co-ops, condos, and HOAs can all represent the most basic form of representative democracy. How? Read on to see what transpires in the event of a shareholder meeting. Governing Docs Where does the authority of the board come from, and how must board members be chosen? That’s usually determined by a community’s…
Read MoreBefore Signing a Lease, Tenants in New York City Should Ask These Questions:
New year, new home?
A lot of New Yorkers begin to consider change in January, which may mean finding a new apartment.
It pays to learn as much as you can about a building before you commit to a lease because moving is difficult and costly here.
Of course, it’s a good idea to ask questions during an open house or showing, but it’s simple to become sidetracked by the scenery or a cool feature—and lose focus.
Read MoreWater Rate Jumps to 4.42%.
Residents of co-ops and condos in New York City continue to take hits. Gas and electricity costs have recently increased by 8.4% and 9.1%, while their property taxes have recently increased by an average of 8%.
Read MoreA Day in the Life of a Property Manager: Behind the Scenes
Property managers play a vital role in the smooth operation of rental properties, handling a wide range of responsibilities to ensure tenants’ satisfaction and the overall well-being of the property. Behind the scenes, property managers demonstrate exceptional multitasking abilities and problem-solving skills to address the daily challenges that come with managing properties. In this blog,…
Read More5 Key Responsibilities of a Condo Management Company
If you are a condominium owner, you know how much work goes into maintaining and managing your property. It can be a full-time job between upkeep, resident relations, and budgeting. This is where a professional Condo Management Company comes in. This blog will discuss five key responsibilities of a condo management company in Brooklyn. Maintenance and…
Read MoreThe Power of Online Marketing: How to Fill Vacancies Quickly
In today’s digital age, online marketing has become an invaluable tool for property management companies to reach a wider audience and fill rental vacancies quickly. Leveraging various digital platforms and strategies, such as social media and online listing platforms, can significantly enhance a property management company’s ability to attract potential tenants. In this blog, we…
Read MoreNew Bills are Adopted by City Council Increasing Lead Paint Regulations
In order to remove legal loopholes surrounding lead paint enforcement and get the city closer to its objective of ending childhood lead poisoning, the New York City Council has enacted two pieces of legislation. However, supporters are hoping that lawmakers will adopt further reforms in the upcoming week. Peeling or chipped lead-based paint will be…
Read MoreWhich HOA Rules Can Be Implemented and Which Can Not?
HOA concerns are rather common. They are too expensive. It is not allowed for residents to pick their own paint colors. They impose limitations on the breeds of dogs you are allowed to own, the types of basketball goals you are allowed to mount on your home, and even the types of grass you are allowed to grow in your yard.
Read MoreNow Available: No-Penalty Building Inspections for Smaller Co-ops and Condos
Smaller co-ops and condos that are exempt from the Facade Inspection and Safety Program’s (formerly known as Local Law 11) five-year compliance cycles must nonetheless be kept in a safe state. The city’s Department of Buildings (DOB) is once again providing its free No-Penalty Inspection Program to assist the co-op and condo boards in those buildings.
Read MoreReliable Resources: How a Property Management Company’s Network Benefits Your Investment
Investing in real estate can be a lucrative venture, but managing a property comes with its fair share of challenges. From routine maintenance to emergency repairs, it requires a reliable network of resources to ensure your investment is well-maintained and profitable. This is where a reputable property management company can make all the difference in Fort…
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