In a recent essay published in the National Housing Conference (NHC)’s newsletter, NHC President and CEO David M. Dworkin breaks down ‘What we know about Fannie and Freddie as we begin the 10th week of revolutionary change’ for readers. I…
Q. Can a current board member advertise his re-election, or go around knocking on each door and telling owners who to vote for? Is this legal? —Wondering If This Is Appropriate A. “Yes and yes,” says Jonathan H. Katz, shareholder…
While some co-op and condo communities have tried social media platforms like Facebook, Instagram, TikTok, or Twitter/X as ways to build community spirit and facilitate better communication between neighbors, management, and even the board,…
Among the many factors necessary for multifamily residential buildings to achieve financial stability, proper budget planning, compliance, and trust among shareholders, effective fee management is one of the most important. Understanding th…
The right property management team can make or break a building. While basic day-to-day maintenance and financial oversight often take priority when managing a multifamily property, comprehensive property management also includes building s…
The unique charm of historic properties—both inside and out—is a key draw for many co-op and condo buyers. Exterior ornamentation, ornate brickwork and moldings, inlaid flooring and other vintage features create exactly the kind of ambience…
The first day of work can be intimidating; there are new coworkers, new tasks, new routines, and lots of new names and faces to remember. Whether the new hire in question is a super, porter, custodian, or other on-site staff member, that ac…
Capital projects like major facade work, window replacements, and essential system overhauls can significantly disrupt daily life for the people who call a co-op or condo building home. Engineers, general contractors, and construction compa…
Homeownership stands as a cornerstone of the American dream, providing individuals and families with the opportunity to accumulate wealth and maintain relatively consistent housing costs over time. The financial stability derived from homeo…
On March 2, the US Treasury Department announced via press release that not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act (C…