I have been on this board for a year and I am disturbed by what I have seen here. I was under the impression that when I came aboard it was to make a difference but after being here for a year I am applaud as to what goes on here. It has been one fight after the other for me with the president he make all decisions some times with us but for the most part behind us. I believe he has secret meetings and persuades the board member to agree with him. All these members but two are not able to be persuaded and slowly a few others are starting to see things more clear. The shareholders are also starting to see a difference the way that some things are being handled and they are not happy. I feel that the board of directors should be a term position and twenty five years is too long for someone to be an officer for the same co-op. I believe it interferes with their perception as to the real reason why they are their. Elections are coming soon and I'm hoping for a new change in leadership because it is long over due. What can you advise in this situation.
You cannot not.He enjoys the same benefits as the sponsor. Make sure he is a registered investor and if not report him as he has taxes to pay. He cannot benefit from the various abatements. He probably will not be able to sit on the board ever and most importantly he cannot live in his apartment. I read an article on sponsors and investors online. Keyword your query and your answer will be in "black and white"
we converted to a coop in 1986. Recently the sponsor sold an apartment to a "Investor" who now sublets it without paying the fee to the coop. This seems to be a terrible precedent and has not happened before. what should our board do to stop this?
Thank you for recommending Trident Recreation, our president of the board spoke to the owner but although he was soooooooo nice he was unable to help us because they only service outdoor pools. So here I am again asking if anyone knows of a pool managing company for a indoor a pool. Thank you
I'm a HABITAT writer doing an article how a co-op/condo board can create a policy and a price list for minor in-apartment work that building staff can do (fixing a cabinet door, installing an air conditioner, mounting a TV wall-bracket, that sort of thing), as an amenity/convenience that makes the staff some money and for which the co-op/condo takes a fee (or not).
If you have such a system and you'd like to help your board-member community with some practical advice, please contact me at flovece@habitatmag.com. With thanks, --Frank Lovece
Hello:
Has anyone utilized the services of a company called Greensmart? Our Board just had a presentation by a representative from this company and it appears to be a positive move should we decide to proceed.
If anyone has experience with this or a similar company, specifically in actual savings and shareholder acceptance of initial installation procedures, your feedback would be greatly appreciated. Thanks.
Hi: It is my understanding there are pool companies that come in and do all the work to get a pool up and running. Does anyone know of a company that is reliable? Our condo's are in Brooklyn...
Thanks.
Hi All
Can anyone recommend a handyman for our condo's. We have 80 buildings 4 condo's to each building. /We are looking to outsource our handyman work and would like someone reliable and in the area. We are in Dyker,Boro Park, surrounding areas are Bay Ridge and Bensonhurst. Any recommendations?
I heard that Bellmarc Property Management was purchased by Douglas Elliman Property Management.
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Inasmuch as possible, document all instances of egregious behavior.
It is not in the shareholders’ best interest for one person to be making all of the decisions.
Carry out as much board business as possible via email. It is efficient, allows one person to communicate with several people at once, and leaves a timestamped record that can be referred to long after the fact in case of any confusion or divergence of personal recollection.
Those who are above-board and transparent in their dealings have absolutely no problem with documentation.
Insistence on purely verbal communication, ex parte private discussions, resistance to documentation — these are red flags, usually indicators that all is not on the up and up.
Document, document, document.
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