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

More rain, higher temperatures, altered growing seasons; the effects of climate change are not just felt at the macro level, but at the micro level, too—and perhaps even more profoundly. For the myriad of professionals who tend our grounds, gardens, and rooftop oases, these effects must be dealt with in real time, day by day, but also with an eye to future planning. The changes wrought by our warming planet will not reverse, so some strategy is necessary in order to adapt these spaces to the facts on the ground.⁠ Article Link - https://lnkd.in/ep53erNi ⁠ Read more news and articles at cooperatornews.com⁠ #nyc #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #landscaping #weather #climate

The unique charm of historic properties—both inside and out—is a key draw for many co-op and condo buyers. Appealing as they are however, these elements—particularly on building exteriors—also require unique, specific, and often costly maintenance programs. Terracotta, cast and wrought iron, and artistic masonry work must be scrupulously maintained in order to remain not only beautiful, but safe and structurally sound.⁠ Article Link - https://lnkd.in/eaF33uSG ⁠ Read more news and articles at nj.cooperatornews.com⁠ #nj #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #historicbuildings #maintenance #structure

Q. I know that these days more and more work is being done remotely, rather than in person, but is it legal for that trend to apply to association board meetings and decisions, too? Have online and email decision-making become legitimate in this digital age? Or should the property manager be ensuring that voting is done in a public forum? If boards are meeting via Zoom, do all owners need to be notified so they can tune in, and do minutes need to be recorded for such meetings? —Lost in Cyberspace⁠ Q&A Link - https://lnkd.in/eiT89E3V ⁠ Read more news and articles at newenglandcondo.com⁠ #residentialcomplex #home #hoa #community #multifamily #propertymanagement #massachusetts #QA #remotework #virtualmeetings

While some co-op and condo communities have tried social media platforms like Facebook, Instagram, TikTok, or Twitter/X as ways to build community spirit and facilitate better communication between neighbors, management, and even the board, most have remained ‘old-school,’ sticking with newsletters, bulletin boards (both digital and cork) in the lobby or mail room, and email blasts to residents. With the ubiquity of social media these days, it may be worthwhile to ask why multifamily communities haven’t really embraced it. ⁠ ⁠ Article Link - https://lnkd.in/e5mNx9yF Read more news and articles at nj.cooperatornews.com⁠ #nj #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #socialmedia #engagement #communication

A recent court case involving a dispute between the board of The Parc Vendome—a 587-unit prewar condo building on Manhattan’s West Side—a commercial tenant in the building, and the building’s own residents has thrown new light on the question of how and what is the proper process for condominium boards to approve commercial leases, or exercise their right of first refusal in rejecting one. As we’ll see, condominium boards should be cautious in how they approach this process.⁠ Article Link - https://lnkd.in/eq_3jfCA ⁠ Read more news and articles at cooperatornews.com⁠ #nyc #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment #boardapproval #legalities #courtcase

Q. “My co-op, since I can remember, has applied every increase in maintenance, shares, etc. based on whether a unit is one bedroom or two bedrooms. Currently, the treasurer wants to change that rule based on the size of the apartment. If it has always been applied per shares, the treasurer is now going to apply a different method because he wants to. Is this attitude legal since he is, according to him, the treasurer?” —Clarification on Share Rules⁠ Q&A Link - https://lnkd.in/enBbBNVZ ⁠ Read more news and articles at cooperatornews.com⁠ #nyc #communityliving #residentialcomplex #home #community #multifamily #propertymanagement #apartment

The first day of work can be intimidating; there are new coworkers, new tasks, new routines, and lots of new names and faces to remember. Whether the new hire in question is a superintendent, custodian, or other on-site staff member, that acclimation period can be shortened by building and HOA administrators adopting a formal onboarding process. Onboarding and orientation are key to efficient and effective integration of a new employee into a work environment and organization.⁠ ⁠Link - https://lnkd.in/eTArpt_s ⁠ Read more news and articles at nevada.cooperatornews.com⁠ #residentialcomplex #home #hoa #community #multifamily #propertymanagement #lasvegas #nevada #managers #CAM

For most people, their home represents their single biggest investment. And in a multifamily building or homeowners association, both individual units and the entirety of the building or development are part of that investment. In light of that reality, it’s not enough to ensure that everything is operational, though that is, of course, hugely important; it’s also vital to consider the appearance of buildings, grounds, and other exterior elements. ⁠ Link - https://lnkd.in/eridjbdk ⁠ Read more news and articles at newenglandcondo.com⁠ #residentialcomplex #home #hoa #community #multifamily #propertymanagement #massachusetts #exteriormaintenance #cleaning #aesthetic

On March 2, the US Treasury Department announced via press release that not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act (CTA) regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. ⁠ Article Link - https://lnkd.in/eRBJJrK9 ⁠ Read more news and articles at newenglandcondo.com⁠ #residentialcomplex #home #hoa #community #multifamily #propertymanagement #massachusetts #CTA #suspension #regulations #legal