At the heart of every shared interest community is the person who makes it run. That person is known by many names: superintendent (or just ‘super’), building engineer, resident manager, community manager. Their duties and responsibilities…
Cooperative corporations and condominium associations are collectives of shareholders and owners, respectively. Both are governed by a board, the members of which are typically elected by those same shareholders and owners. Immediately fo…
While experts predict an improvement in mortgage markets and builder outlook for the U.S. housing market in 2024, the number of new communities and existing home sales will be subject to a series of domestic and international issues. The ge…
According to a surprising recent report from consulting firm Construction Coverage ranking the ‘Hottest Real Estate Markets of 2024,’ the NYC metro market ranks 48th out of 52 large U.S. cities. “While 2023 marked a notably more subdued…
Q. Residents of our 250-unit HOA in New Jersey have been complaining about dirty water for well over a year. First, the board and management told us it was an individual unit problem—then they replaced boilers, to no avail. We still had d…
The lobby of your building is more than just a transitional space between outdoors and in; it’s an important component in the life of your co-op or condo community. It’s where you enter your home. It’s where your visitors (and potential bu…
The national housing market for 2023 will likely be remembered as one of converging challenges, especially for the multifamily sector. A recession possibly looming, ballooning interest rates, steady inflation, global instability, and a stri…
Along with competent, engaged leadership, good management is fundamental to the successful operation of any shared interest community—and the basis of good management is in large part spelled out in the contract between the community and it…
With cannabis use becoming increasingly normalized (as of 2023, 38 states permit medical marijuana use and 23 permit both medical and recreational consumption), co-op and condo administrators are faced with yet another quality-of-life issue…