Co-Op
Cultivating Community: Nurturing Belonging in Co-op Living through Property Management
Within the landscape of co-op living, fostering a sense of belonging is not just a goal but a crucial aspect of a thriving community. Property Management Companies play a pivotal role in co-op property management by initiating unity among co-op residents in Brooklyn Heights. By implementing inclusive strategies, these companies lay the foundation for a…
Read MoreEmpowering Property Owners: The Strategic Support of Property Management Companies
Initiating a symbiotic partnership, property management companies in Flatbush wield a range of strategies to empower property owners in their real estate ventures. In a dynamic market, the support provided by property management professionals goes beyond mere administration; it involves equipping property owners with the tools, knowledge, and peace of mind needed to optimize their…
Read MoreJuggling Investments: How To Manage Multiple Rental Properties Successfully
Ever wondered how seasoned property owners effortlessly handle multiple rental properties? Managing a single property can be challenging enough, but when you’re dealing with several, it requires a strategic approach and efficient systems. Let’s explore the keys to successfully managing multiple rental properties. The Challenge of Multiplicity: Organization is Key: The first step is establishing…
Read MoreToxic Board Members
Dealing With the Disruptive & Disrespectful We frequently hear about them. The subject of TV shows, movies, and even books. Those intrusive, meddling, outright unfriendly neighbors that can ruin your life. Imagine what would happen if they were elected to your co-op or condo board. Having one down the hall or next door is terrible…
Read MoreGoverning 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 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 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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