We are renewing our Laundry lease and have been offered replacements with LG washers model # GCW 1069CS and LG dryers model # GD1329CGS.
Has anyone had experience with this equipment?
Any suggestions as to where I might get reviews of these items?
Folks,
In NJ, a coop’s tax base is equal to the assessed value plus the non-current portion of any underlying coop mortgage(s).
For example there are two identical buildings and both are assessed at $65,000,000.
One building has a mortgages totaling $20,000,000, and the non-current portion of the underlying mortgage is $19,250,000. The other building has no mortgages.
Therefore, the tax base for the first building is $84,250,000, while the tax base for the second building remains $65,000,000.
By definition the taxes for the first building are 29.6% higher than the second building because of the rule requiring the inclusion of the non-current mortgage principle.
My question: Are taxes for NYC coops similarly calculated when there the coop has underlying mortgages(s)?
If no, OK and thanks.
If yes, and not exactly the same, what is the calculation please.
Thanks
Hi Board Talk, I am a freelance journalist writing a story for a leading NYC newspaper about conflicts within condos and co-ops where some residents obey the rules and recycle their garbage and others don't tow the line. If you would like to share your experience - either on the record or anonymously - I would be very interested. Doesn't matter which side of the recycling fence you stand. I would particularly like to hear horror stories and how they were or weren't resolved. I guarantee anonymity if you don't want your name used. Best wishes, Jane
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Sponsor who has 11 units left in a 48 apartment building in Queens hired a management company that has application fee of $350.00 and another $250.00 management fee for processing the application. The cost to the management company to do the background investigation is $25.00. Can you give me information on how many people are paying this amount for selling and renting? This is just simple greed.
Thank you.
Does a stockholder have the right to a list of all the stockholder's names and emails in New York State for a non-profit corporation?
> Join the conversation Comments (2)I'm curious whether folks think it's a good time to lock in natural gas pricing for a long-term contract and if so, what ESCO's seem to be the better ones for deals? Best I'm seeing is 18-24 month contracts where I can lock in around .57 - .60 / therm.
> Join the conversationour managing agent handles resident complaints, suggestions etc regarding staff. In respondng to a He has recently stated that when a resident compins about an issue regarding staff, there wil be no confidentiallity and the name of the resident will be revealed to the staff. This seems shockingly inappropriate given the potential problems with such a situation. Especially since out building has a history of staff problems. comments?
> Join the conversation Comments (1)
In my co-op board members are not interested about finances. They just ignore this part, unlike me. They don’t like that I am reviewing financial records and made many obstacles for me to read documents. Like, when a board member can review financial information needs to take an appointment, and it’s allowed only 1 hour per week with supervision of one person from a management company.
Our monthly financial reports include also personal shareholders information as part arrears report. Two times I made motion to split that report in two sections: financial and personal information. After that financial section would not need supervision and time restriction. However my motions were rejected two times.
Surprisingly, the next day after the meeting, the management company had divided the monthly financial reports without board motion, approval and knowledge. And they change the localization of those documents. Nobody – president, vice-president and manager respond to my questions where the documents are right now.
Is this legal what the management company did without the board consent about this? It is Ok when the board says No, and the next day the management is doing something opposite?
Nobody from the board cares about it. Do you have any idea what to do in this situation?
which court do i initiate the action in? i know i have to subpheana them, i know how to do that, but you would think the Attorney Generals office of co-ops when they tell you that self dealing, fraud, and possible bank fraud is an internal coop problem, ansd tell you to get a lawyer. why not tell tou what curt handles it? i have done small claims. and the law is very straightforward, if i find a lawyer that will seek to get my money back, i would also hope he/she would push to fine the board members, for their actions, plus trying to avoid a embezzlement, i thing all shareholders should receive the bank statements every month, in spreadsheet imported form. in my building the board doesn't know what bank. etc. perfect scenerio for embezzlement
> Join the conversation Comments (1)
We have a resident whose parents purchased a unit in our building for their adult son who has a developmental disability, to live independently. For the last few years, we've had no issues, but last weekend, the parents apparently bought the young man a car and he decided he didn't like the 'new car smell' and lit 2 sticks of incense and placed inside the car and went back to his apartment.
Residents, seeing smoke pouring from the unoccupied and parked vehicle- a vehicle that many had never seen before- panicked and called 911 as they thought the car was on fire.
Firefighters, police and EMS arrived on the scene and actually evacuated one of our buildings that was in close proximity to where the car was parked. We later learned that young man with the developmental disability was the owner of the car and had placed the incense in the car.
I feel that his parents (the shareholders) should be made aware of what happened, in light of the fact that the building was evacuated because of this incident. My concern is that if he would place a burning object inside a vehicle and walk away, he might do the same inside his apartment.
I don't want to overreact, but am curious to know if anyone has had a similar situation. And what happens if someone who is disabled who was once deemed "okay to live independently," is showing signs that they are not capable of living alone independently and how do you deal with that without violating the ADA?
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Hi,
We thought we would do the right thing and try using washers that recycle water. That was a BAD IDEA. First of all, the owners hated the idea that their wash water was someone else’s rinse water. Many of the owners decided to use a traditional Laundromat down the street instead and our income recovers has been less than breakeven. Then the tanks that held the recycled water began to smell and so did the clothes. We did end up saving water but for all of the wrong reasons. This has been both a financial loss and a public relations loss for us.
Also, please be sure that you washing machines offer longer cycle times. One of our giant machines offers a 34 minute cycle time which is too short to get the clothes clean.
Be sure you understand what you are getting in a washer
.
Finally, be careful, the LG commercial product line appears to be new: http://www.coinmachservicecorp.com/news/lg_new_commercial_line.pdf
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