Remember Stanley Roper from the 1970’s sitcom Three’s Company? To some, he might still be their idea of a property manager—the upstairs landlord or the guy you’d call when your plumbing’s on the fritz. And indeed, when the plumbing in you…
In a competitive industry, management companies must continuously find ways to retain current clients while honing an edge that makes them appealing to new customers. This is especially true in these tough economic times, as many indiv…
Building boards and their managing agents function best when they work together as a team. Ideally, the two parties collaborate to implement policy, carry out administrative duties, and make decisions about the efficient operation of th…
As anybody who’s ever been to an “all you can eat” sushi buffet can tell you, bigger isn’t always better, and if “more” is mediocre, sometimes you’d rather have less. The same applies when it comes to property management companies. Manag…
No matter what the job—be it flipping burgers at a chain restaurant or running a multinational investment firm—employees should be given periodic reviews of their performance to assess how they’re doing and identify both their strengths …
Q I am the president of a co-op. We had a full time employee as our property manager. I stress the words: full time. My predecessor had a son, who was allowed to go into business with our full time manager. Their company was a building ma…
Q Our cooperative board has approved a buyer for one of our units. The seller and prospective buyer have already gone to contract. There are presently a number of board members who have second thoughts about approving the buyer and would …
Q I am on the Board of Directors of a 336-unit condominium in New Jersey. My question is in reference to the Contractors’ Registration Act Title 56: 8-138. It requires contractors to register with the state if they are doing residential w…
Q I live in a co-op with 41 units in Ocean City, New Jersey, and would be interested in knowing what the New Jersey co-op law is in regards to the number of shares that are proportionate to the size of the apartment occupied. Presently, t…
On September 7, 1927, 19-year-old Philo T. Farnsworth created the first television system that could not only display, but also transmit signals between separate rooms. Now more than 80 years later, another historic date in broadcast tra…