CooperatorNews

Join us next Tuesday, March 4th at New York's Biggest Co-op, Condo & Property Management Expo at the New York Midtown Hilton.? ? The upcoming show will feature a new roster of free seminars, new exhibitors, innovative ideas, and all the fundamental services and products NYC’s co-op and condo boards, managers, and residents rely on. This year also brings a trio of new reasons to join us: an Information Hub, a Networking Mocktail Reception, and our new Local Law Resource Hub, a one-stop shop for all-important information and guidance on the City’s complex legal requirements for multifamily buildings.? Participating Seminar Sponsors: Meridian Capital Group Schneider Buchel LLP Smith Buss & Jacobs, LLP The Cotocon Group Best Energy Power Participating Local Law Sponsors: Harlem Property Management ProSentry Runwise New Bedford Management Fluoro-spec, inc. New York Green Roofs ?Register for FREE now and join fellow property managers, board members, and building owners from around NYC from 9:00 AM - 4:30 PM. Learn more and register at coopexpo.com/register?

One of the certainties of living in a condo, co-op, or HOA is that despite all having an equal stake in the financial and administrative success of the building or association, only a small percentage of residents choose to take an active role in the governance and management of their communities. In addition, many buildings and associations contract with a management company to help execute their boards’ decisions and handle the day-to-day supervision of the property. ? Article link - https://lnkd.in/ebrAsAMu ? Read more news and articles at newenglandcondo.com? #residentialcomplex #home #hoa #community #multifamily #propertymanagement #massachusetts

Windows give us the ability to enjoy pleasant views, provide natural light, insulation, and ventilation, and add to a building’s overall aesthetic. When regularly cleaned and properly maintained, they improve energy efficiency, easing the burden on a building’s mechanical systems and reducing costs for homeowners. ? ? The task of keeping windows well-maintained and clean—expecially in high-rise buildings—is not for the faint of heart, however. ? Link - https://lnkd.in/eBzN_8Bx ? Read more news and articles at cooperatornews.com #nyc #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment

Q. What is the difference between HOA rules and CCRs?? —Seeking Clarity? ? Read our latest Q&A to hear the answer from our contributing attorney? - https://lnkd.in/ea-smpNR ? Read more news and articles at cooperatornews.com? #nj #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #QA #HOA

When it comes to property management, both traditional and more tech-savvy communication approaches, from personal interactions to digital portals, can help a building team operate successfully. A carefully considered full-spectrum approach keeps the lines open for residents, board members, and managers to exchange information clearly and efficiently. ? Article Link - https://lnkd.in/e5V6ppXk ? Read more news and articles at chicago.cooperatornews.com? #residentialcomplex #home #hoa #community #multifamily #propertymanagement #chitown #chicagogram #communication #technology

Capital projects like major facade work, window replacements, and essential system overhauls can significantly disrupt daily life for the people who call a co-op or condo building home. Engineers, general contractors, and construction companies need to carefully consider the impact of noise, dust, and the need to temporarily relocate or work around common areas while doing this type of work. They collaborate with managers and boards to make sure projects go according to plan, and to minimize disruptions as much as possible. ? Article link - https://lnkd.in/eM68xWjT ? Read more news and articles at cooperatornews.com? #nyc #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment

Q. Given the recent disasters on both the East and West Coasts, from flooding to fires, it seems obvious that property insurance is important. But it’s also getting very expensive. Owners who have mortgages are required by their banks to carry insurance, but if you own your property with no mortgage, is it still required? —Weighing Our Options? ? Article link - https://lnkd.in/epgiKRMp ? Read more news and articles at newenglandcondo.com? #residentialcomplex #home #hoa #community #multifamily #propertymanagement #massachusetts #QA #coverage #insurance

What’s a board to do when a shareholder or unit owner consistently fails to hold up their end of the agreements—both spoken and unspoken—that underpin successful multifamily living, either through nonpayment of fees, or objectionable behavior? If every other effort to correct the situation has failed, can a board vote a persistently problematic resident ‘off the island,’ so to speak?? article link - https://lnkd.in/eJxM7kGm ? Read more news and articles at nj.cooperatornews.com? ? #nj #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #eviction #shareholder

Q. Is there a definition of ‘owner-occupied’ in Illinois for co-ops? The issue is whether a mom and dad could purchase a unit in our co-op for their son or daughter who would be living in the unit alone. Or could a son/daughter purchase a unit for their parents who also would be living alone in the unit? Or does the language of owner-occupied mean that at least one person occupying the unit must also be on the stock certificate and proprietary lease?? Q&A LINK - https://lnkd.in/efEAtkWs ? Read more news and articles at chicago.cooperatornews.com? #residentialcomplex #home #hoa #community #multifamily #propertymanagement #chitown #chicagogram #QA

Just as a ship cannot steer without its captain, a board cannot function effectively without its president. As the administrative head, this volunteer position is vital for ensuring the smooth operation of a condo, co-op, or HOA board. The president’s leadership is essential for fostering collaboration and aligning the board’s decisions with the community’s needs and goals.? ? LINK - https://lnkd.in/ePfNDvKT Read more news and articles at nj.cooperatornews.com? #nj #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #boardpresident #role #responsibility