ARCHIVE SEARCH RESULTS

Beekman Hill co-op converted their heating and cooling system to electrification, saving on operating costs and reducing carbon emissions, thanks to Con Ed Steam and Local Law 97. (Print: The High Cost of Steam)

Big Six Towers, Inc. successfully challenged a $1.4 million water bill from the Department of Environmental Protection, arguing that the bill was an underbilled service subject to a two-year statute of limitations, and the court agreed. (Print: Unbilled or Underbilled?)

Boards must overcome inertia by creating a roadmap for future projects, including maintenance and compliance with local laws, in order to avoid costly disasters and ensure a clear path forward. (Print: Overcoming Board Inertia)

The board of Clinton Mews, a 77-unit co-op in Brooklyn's Clinton Hill, opted to put the $2.3 million set aside for a major window replacement project into an insured money market deposit account to earn interest, access funds quickly and easily, and have FDIC insurance. (Print: Putting Your Money to Work)

Co-ops and condos are looking for practical strategies to improve energy efficiency and comply with Local Law 97, such as oil to gas conversions, decoupling heat and hot water, and smart thermostats, while being mindful of budgets and operating costs. (Print: Energy Efficiency on a Budget)

The president of a co-op board is seeking to improve teamwork by assembling a small subset of directors with complementary skills and agreed-upon procedures, and creating a charter to guide the team's efforts. (Print: Boosting Team Spirit)

A co-op on the Upper East Side avoided a lawsuit by holding an annual meeting and staggering board terms, allowing shareholders to participate remotely and avoid the threat of legal action. (Print: Legitimacy Crisis)

When a shareholder stops paying maintenance on time — or worse, not at all — boards have to move quickly and decisively to get the money that’s owed them.

A co-op in the Bronx was able to renew its insurance coverage with its original carrier after having multiple claims on its loss record, thanks to the help of FirstService Insurance Brokers. (Print: Hard Market, Hard Choices)

A co-op board in the West Village succeeded in banning smoking in private apartments after multiple meetings and proxy votes, citing health risks and secondhand smoke infiltration as reasons for the ban. (Print: Clearing the Air)

A co-op board found itself in deep water when water was pooling in the boiler room and repairs escalated to six figures, forcing the building to take out a $300,000 loan at a steep interest rate. (Print: A Boiler Room Deluge)

Beth Markowitz, President of Merlot Management, managed a fire in a nine-unit property, which resulted in extensive damage and a cash call to residents, but she was able to secure an advance from the insurance company and strategically modernize the elevator for long-term improvement. (Print: Fire: When Emergency Turns into Opportunity)

A co-op in Queens, NY, found itself in a predicament due to lack of transparency in its management company's finances, but a digital solution was implemented to create an online spreadsheet that lists all of the co-op's expenses and provides access to the board to view invoices and receipts. (Print: The Dangers of Being Kept In the Dark)

MD Squared Property Group uses a robust monitoring system, prompt communication, and legal action to ensure healthy cash flow in co-ops and condos, while showing flexibility in genuine hardship cases. (Print: Arrears: Control Them With a Strategy)

Insurance premium financing loans allow condo and co-op boards to finance the lump sum cost of insurance premiums, with interest rates in the low double digits and no risk of default for the lender. (Print: Easing the Pain of High Premiums)