Hi all,
I my co-op some documents have been lost. Nobody seems to worry about that fact. I am very concerned about this. How do you handle that situation? Is there any procedure that we should follow, like make a report of missing documents?
Any idea?
Thanks,
John
What are the procedures of transferring the duties to new officer, like: president, treasurer or manager?
Where can I find the information about this?
How do you do that transfer of power in your co-op?
Does anybody make any report about the transfer?
I posted this a few weeks ago but thought I'd put it out again to see if I can get a little more feedback. Our managing agent has been getting a 3 - 3.5% increase on their very reasonable fee each year for the past 5 or 6 years. This year the board is proposing a 1.5% increase. I asked why (this is my first year back on the board after a 6 year absence) and was told it was just a general interest in keeping costs down. This agent was hired during my previous tenure and has turned the building around. The reduction in the increase is not based on any financial or building-wide performance issues. There are a number of people (board members and other shareholders) who find the management to be difficult to deal with and to have an unpleasant personality and I believe the reduction is a punitive response. I think an increase lower than the rate of inflation will have the opposite of the intended effect of creating a more pleasant relationship. I would prefer the Board communicate directly with the Management about the issue and offer to pay for a course in "Professional Communications" at the American Management Association before resorting to such punitive measures. Any thoughts?
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As winter weather approaches (so says the weathermen) it is imperative that you communicate with your boiler plant service company to ensure that they are equipped and capable of handling a large influx of emergency service calls in a short period of time. Service companies traditionally prioritize service calls based on severity of issue and impact on residence...a very sound way to execute calls. No heat calls are 1st and from there it depends on crew, location and in some cases tenant make up.
Call your service company today. If they are new to you be sure to go over their emergency call policy...who gets the call, how long before it is dispatched, will you get a call back to confirm that your service call has in fact been processed? Nothing is worse than not knowing...even if you are kept waiting it alleviates a lot of anxiety to at least know you will be waiting.
You pay for the service and part of what you should demand is prompt and respectful service. Honesty and returned calls should be important as well.
We have a shareholder who is a nuisance and has violated just about every house rule there is. Most recently, he had his bathroom renovated without approval by an unlicensed contractor and caused $20,000 in damages to the shareholder's unit below his. He had no homeowner's insurance and as a result has a lien on his apartment for the damages. In less than a year, he's caused more water damage to the shareholder's unit below his.
I have the pleasure of living directly beside him. For the past months I've been awakened to cooking aromas coming through the wall of my master bedroom. His bedroom is on the opposite side of his. The way the layout of his apartment is, his kitchen is in the same location as mine (in the front of the unit). I've never smelled cooking aromas coming from his unit in the past 5 years that I've lived there - until now.
I asked Management to please inspect the apartment because in light of the previous incidents, I'm fearful that this shareholder will cause a fire. They performed an inspection and claim they found no evidence to suggest that he is cooking and say it is probably "the vents." I pointed out that the vents theory seems flawed because I should have smelled the same smells long before this year.
Management is aware of the laundry list of complaints against this individual. Any idea on how long a Pullman hearing takes how many complaints you need against a shareholder to have them officially deemed objectionable and get rid of them?
What should a coop do when staff harasses residents (the Super has a history of corruption but butters up the board members)...?
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All too often property managers and board presidents are being advised that a complete chimney liner replacement is necessary prior to the conversion from #6 heating oil to natural gas. A staggering number of these "recommendations" are coming in the absence of any formal lab testing or assessment of existing chimney liner materials. Average cost to replace a chimney liner is between 8-10k per floor!
Average cost to have a NYCDOB approved testing laboratory conduct an assessment on one (1) brick sample from an existing chimney liner to determine actual acid resistance and potential suitability for use in a combustion chimney liner: $3,800-$5,000.
In most cases the firm contracted to execute the conversion project should have a relationship with an approved lab and this firm should be willing to waive the analysis fee if you sign a contract with them to do the conversion project.
My condo has a very high maintenance fee. In addition, the management company that the board contracted charges exorbitant amount of fees. The unit owners are fed up and I've secured signatures from majority of the unit owners to overthrow the board. My question is: is that all I need to remove the board ? Who do I send the 'you have been fired' letter to ? The board president got wind of this and she went around and told people that the letter is not enough to remove her and the rest of the managers from the board. She said we'd need to call a meeting and we'd have to have a quarum. In the past, getting a quarum in the meeting has always been extremely difficult due to the fact that most of the owners don't live in the building (they rent their units out). I checked the 'house rules' and the rule says that the board can be removed 'with or without a cause' and it didn't say we'd have to have a live meeting just to have them removed from the board. How is this normally done ? If I have a letter from the majority of the unit owners, can't I just present it to the board president and wouldn't everybody on the board would just be removed, including the president herself ? Can't we then have a meeting to re-elect the new board ? Can the unit owners send in a proxy form nominating the new board without showing up in person ?
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I'm having an issue with Board Members who don't read or respond to e-mails. When the new board came in place earlier this year, I asked everyone if they had e-mail and checked it regularly (at least once a week) and if they could check it and respond to e-mails because a big problem we have is that we take too long to make minor decisions.
We had 2 major capital improvement projects going on and I needed input and only 2 people responded. When I call the others they don't answer or return phone calls either. The Board is supposed to make the decisions, not the President.
Another example is since June we've been discussing proposals for a snow contractor. No one was reviewing the proposals and it takes up too much time at our meeting for them to review them at the meetings, which is why I send them before hand. The worst offenders then at the October meeting kept asking to see other proposals. I'm like we are in October (and it should have been in place already). I know this is a volunteer position and there is no salary, but the building can't run by itself and how do I get people to realize you can't drag decisions like that out for months because you need to actually contract and use the services?
The management company contracted by my condo board president is sucking the unit owners dry with their fees. Is it common for a managment company to charge $250 as 'application fees' for renovation approval ? And since the board basically gave them free reign of everything in the building, they get to reject the application on behalf of the board, then ask for another $250 if you submit a amended version of the application for re-approval. If this is not highway robbery, I don't know what is. Is there anything to be done about that ? The board members didnt want to do anything it didn't impact them. The management company waived all application fees for all board managers.
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Which documents ?
Your corporate attorney should have a copy of the main coop documents.
Your accountant all the tax returns, budgets and financial statements.
Your management company should maintain an up-to-date copy of all of the above.
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