Mixed-use condos have varied governance structures with separate or overarching boards. Disputes arise over common charges, often due to budget discrepancies and special allocations. Proper budgeting and legal review are crucial.
Mixed-use condos have varied governance structures with separate or overarching boards. Disputes arise over common charges, often due to budget discrepancies and special allocations. Proper budgeting and legal review are crucial.
Williamsburg HDFC co-op at 151 Grand St. tackles boiler issues by leasing electric water heaters and heat pumps, financed by BlocPower.
Maximizing rooftops offers cost-effective solutions under Local Law 97. Urbanstrong provides packages for green retrofits, helping boards avoid fines and generate passive income.
How to resolve not to complain about garbage room, guilt over cardboard boxes, wet shoes, facade inspection costs, and other co-op issues.
Owner involvement can be positive, but plan carefully. Define goals, roles, decision-making, and commit to allowing influence.
Jay Lewis, president at Kew Gardens Terrace co-op, applies skills from education to manage co-op projects like solar panels, elevators, and more.
New Hampshire House condo board successfully convinces owners to take a $3 million loan for facade repairs mandated by FISP.
420 Beekman Hill co-op pioneers large-scale heat pump tech to meet Local Law 97 emission goals, using Con Ed and NYSERDA incentives.
When hiring a new management company, scrutinize the contract. Key areas include on-site presence, ancillary fees, spending limits, project management, indemnity, insurance, and termination.
When transitioning from sponsor management to third-party management, boards may face challenges obtaining financial records. Monthly reports and preventive measures are crucial.