Page 7 - CooperatorNews NJ Expo 2022

NJ.COOPERATORNEWS.COM COOPERATORNEWS NEW JERSEY —EXPO 2022 5 Yale Robbins Publisher Henry Robbins Executive Vice President Joanna DiPaola Associate Publisher Hannah Fons Managing Editor Darcey Gerstein Associate Editor Pat Gale Associate Editor Shirly Korchak Art Director Anne Anastasi Production Manager Alan J. Sidransky Staff Writer Peter Chase Director of Sales Fred Marks Director of Sales CooperatorNews New Jersey is published quarterly by Yale Robbins Infomedia. 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice President: Henry Robbins. Subscriptions are available free by request to co-op and condo board members and homeowner associations. POSTMASTER: Send address changes to CooperatorNews New Jersey, 205 Lexington Ave., New York, NY 10016. ©Yale Robbins Infomedia 2022. All rights reserved. FREE Subscriptions for Board Members, Property Managers and Real Estate Decision Makers. To Subscribe, please visit us at: NJ.COOPERATORNEWS.COM/subscribe TABLE OF CONTENTS R R - A COVID......... e psychosocial impact of the pandemic is far-reaching. And like the rest of the world, residents living in condos, co-ops, and HOAs have been conditioned to keep their distance and turn inward. S ......... Do you remember when you were a kid and the closest thing you had to a cell phone at the time was two cups with a string attached between them? M T COVID................. . anks to COVID, managing co-ops and condo communities over the past couple of years has been a vastly more complicated job than it was in ‘the Before Times.’ C - , C , S M ................. . While some co-op and condo communities have tried social media platforms like Facebook, Instagram, TikTok, or Twitter as ways to build community spirit and facilitate better communication between neighbors, manage- ment, 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. D W C C - C ............ Even before the pandemic and social unrest of the last few years, interpersonal con ict and outright hostility often surfaced in the co-op and condo environment, forcing boards and managers to deal with both legitimate grievances and con icts that are sometimes less than rational. R In a rental building, the landlord has certain rights under certain circumstances to remove a tenant from his property before the expiration of their lease. In a private home setting, the only real path to removing an owner is through foreclosure—usually due to a mortgage default. O N O .............. First-time buyers in condo associations, co-ops, and other multifamily residential communities are often sur- prised—and a bit confused—by the way in which their new building or HOA operates. R E , C , T .............. Depending who you ask in the world of nance, cryptocurrency is either the future, or a passing fad. Either way, even still in its infancy, ‘crypto’ is attracting more and more investors—especially among younger millennials and gen-z internet natives— and its applications are expanding. P ............. Q A .............. O T W .............. M ...............  © 2022 First-Citizens Bank & Trust Company. All rights reserved. CIT and the CIT logo are registered trademarks of First-Citizens Bank & Trust Company. MM#11254 Expertise. Focus. Solutions. Put the leading bank for community association management companies to work for you with individualized service, custom technology and smart financial solutions. cit.com/cab Let’s get started. Nicole Skaro, CMCA VP, Regional Account Executive 908.524.8741 | Nicole.Skaro@cit.com See us at Booth 505 NEW JERSEY