Page 32 - CooperatorNews NJ Expo 2022

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