Co-Op
The Appropriate Co-op Board Response to a Hoarder
When a co-op board learns that a hoarder is residing in the building, what should it do—and not do? Take these actions: Send a Notice: The first step in resolving the problem is to contact the shareholder and send a notice. This can point out that there have been complaints of odors and infestations. As…
Read MorePolicy For NYC Co-Op Sublets
When a New Yorker is interested in acquiring a NYC co-op unit, one of the most common concerns is: what is the sublet policy? Even though you may have long-term plans to stay, it’s critical that you understand how the subletting policy will impact you personally as a shareholder. Before you decide to invest in…
Read More4 Ways New York City Building Owners Can Go Green
As the younger generation attempts to assist clean up our environment through greener efforts, sustainability in the United States is growing in popularity every year. Even major cities nowadays are making every effort to combat climate change. For instance, New York City’s Local Law 97 plan (LL97) went into force in 2019. It mandates that…
Read MoreHow to Choose the Right Property Management Company
Property is a worthwhile endeavor with long-term advantages. As Owners, we know what it means toneed responses quickly to problems. It might be a source of income if properly managed. And if we don’t,we could face legal action and disgruntled customers pounding on our doors. Most people don’t knowhow to manage the property to optimize…
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