Page 32 - CooperatorNews NJ Expo 2022
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30 COOPERATORNEWS NEW JERSEY   —EXPO 2022  NJ.COOPERATORNEWS.COM  Come see us at booth #229  REACH FOR THE STARS   WE MANAGE OUR CUSTOMERS ABOVE & BEYOND  At Executive Property Management, we are light years   ahead in our profession. For more than thirty years, we   have successfully focused on providing our customers   with unrivaled value in areas of financial consulting   and reporting, customer service, cost control, technology  and integrity. Let us guide you to a brighter tomorrow.  www.epmweb.net  Engineering Solutions and Project Execution  Founded in 2008, Morris Engineering, LLC brings together   years of experience and expertise from within the fields of   forensic engineering and the construction industry. With a   focus on satisfying individual client needs, our company offers   full-service  engineering  to  evaluate,  diagnose  and  solve   existing problems and construction related requirements.  Our growing team of engineers, project managers, technical   staff  and  highly  qualified  consultants  perform  alongside   Principal,  Steve  Morris,  who  is  directly  involved  in  each   project. The combined expertise of our team ensures your   project gets the attention, skill and enthusiasm it deserves.  Ranging  from  single-family  homes  to  condominium   associations, we have the know-how our clients expect from   a first-rate engineering company. Our portfolio encompasses   leak  investigation,  environmental  issues,  structural  and   mechanical  analysis,  transition,  reserve  and  deferred   maintenance studies, and project management.  Forensic Investigations, Expert Witness and   Litigation Services    Morris Engineering has extensive experience in the area of   forensic investigations, as well as expert witness and litigation   services. Steven Morris is a Senior Member and Diplomat   Engineer of the National Academy of Forensic Engineers. Our   courtroom  experience  has  resulted  in  positive  settlements   and significant jury awards for our clients.   v   General Engineering Services   v   Transition Reports   v   Reserve Studies   v   Deferred Maintenance       Schedules & Programs   v   Leak Investigation   v   Common Element Repair       & Replacement Program       Development   v   Replacement Specifications   v   Construction Observation &              Administration   v   Expert Witness   v   Litigation Reports   v   Construction Defect Analysis   v   Damage Estimates   v   Owners Representative   v   Pre-purchase Due Diligence   v   Construction Loan Review   v   Independent Cost Estimates   v   Progress Review   v   Site Survey   v   Structural Analysis & Design   v   Mechanical System Analysis &        Design   v   Energy Efficiency Analysis   v   Environmental Evaluation   v   Mold Evaluation & Remediation   v   Lead & Asbestos Testing   v   Indoor Air Quality Testing   v   Fire Restoration/After Disaster            Restoration   v   Restoration Inspection &        Certification   v   Cause and Origin Investigations   info@morrisengineeringllc.com  (908) 719-7600  v  www.morrisengineeringllc.com   resolution of their problem.  Much of this will depend on the indi-  vidual co-op or condo, of course. Some as-  sociations and corporations prefer to have   all questions directed to management; oth-  ers prefer those questions to be directed to   board members. Often this depends on the   size of the community. Smaller communi-  ties may not have full-time or even part-  time management and may be serviced   by a superintendent or building engineer.   Residents in any multifamily setting should   understand the channels of communication   and responsibility in their particular com-  munity, and direct their questions, com-  plaints, and comments accordingly.  Finally, perhaps the best answer to this   problem is for buyers to be aware of the   rules and requirements that govern their   most important investment, and to educate   themselves about what exactly it is they’re   investing in. Doing so will not only make   them better, more informed community   members, it will also stop a lot of misunder-  standings before they start.     n  A J Sidransky is a staff writer/reporter for   CooperatorNews, and a published novelist. He   can be reached at alan@yrinc.com.   ORIENTING...  continued from page 29  is whether they have the support of owners,   and are willing to lose some benefits under   the tax code.”  Ebert also points out that it might be   more difficult for a co-op to make that   choice than a condo. “By default, co-ops   have more rules against them than condos.   They want to qualify under section 216.   Governing documents are the big control,   and then there’s the tax code. They must also   consider what risk there might be to board   members. Is investing in crypto sound busi-  ness judgment? Board members run the risk   of going from managing the affairs of the   community to being investment counselors   for the community. This could also affect   reserve requirements, and create issues with   mortgagees holding the underlying perma-  nent mortgage in the case of a co-op.”  In  the  final  analysis,  co-op  and  condo   board members must always act with pru-  dence with respect to the community. Cryp-  to is not in that equation quite yet.                 n  A J Sidransky is a staff writer/reporter for   CooperatorNews, and a published novelist. He   can be reached at alan@yrinc.com.   REAL ESTATE...  continued from page 18  See us at Booth 514  NEW JERSEY


































































































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