Board responsiveness and transparency are critical components in the good governance of co-op, condo and HOA communities. It’s the responsibility of the board and its members to act on behalf of the community - a legal obligation known as f…
With both real estate and rental prices rising quickly over the last two years, U.S. households that don’t currently own their home are facing a major affordability crunch. A new study by Roofstock adds some interesting data to the disc…
With the focus on climate change and how to fight it constantly sharpening, residential communities are seeking ways to reduce their contribution to the problem, commonly known as their carbon footprint. Carbon reduction is necessary both t…
In early 2020, our firm was hired to prepare a reserve study for an unremarkable 136-unit, 12-story condominium in south Florida. It was the kind of association you could drive right by without noticing, not much different from all the othe…
A recent article on a real estate website posed a common question: What’s the best way for a condo board to collect unpaid common charges? The author of the article - presumably an attorney - gave some pretty good advice…and some not so g…
The job of managing a multifamily property is hectic, and often stressful - but it’s rarely (and blessedly) ever deadly. A tragic exception to that unfolded on August 22 in Atlanta, Georgia, when according to local news outlets a local cond…
Q. Hi. I tore a tendon when I bumped into a crease in the lobby carpet of my condo building. As a result I will have to wear a brace for the rest of my life. My question if it’s acceptable morally for me to ask the condominium association…
Q. I live in a condo complex, in a townhouse. A large tree was removed last summer because it supposedly posed a threat to my home. However, the roots were left and have destroyed the foundation and concrete of my patio. I was advised thi…
For the first time in decades, serious inflation has reared its ugly head. Costs for nearly everything—including the goods and services needed to operate and maintain multifamily properties—are up an average of 10 percent. Some sectors, par…
Prior to the 1980s, the majority of New York City apartment buildings were rentals, owned by landlords. Then, in the 1980s, many landlords realized that it would be more financially advantageous for them to sell their buildings to the tenan…