News

When it comes to creating a working budget, there’s no such thing as too much planning. Boards that don’t keep a close eye on their money can end up deep in debt.

With infinite documents generated by sales, minutes, and more, year after year, how much needs to be kept and for how long?

Co-ops and condos often find that expenses exceed projections. The question is, are there leaks?

Shareholders were not assessed for renovation of the three-level garage in their 32-story co-op.

A greenhouse is an expensive perk, and needs approval in New York co-ops and condos.

During the pandemic, property management changed and continues to evolve.

Co-ops are now eligible for loans from the Payroll Protection Program but signing the application has risks, says Dan Wollman, CEO, Gumley Haft.

Little could have prepared property managers for Covid19.

How to make sure new board members hit the ground running? Every building has a process.

Even before COVID-19, where real estate values were going was not great.

New York City has begun the slow process of reopening, but reopening does not mean a return to normal.

When it comes to reopening gyms and pools in New York buildings, managers move with extreme caution.

Anyone in the middle of an apt. renovation in NYC found themselves in a serious jam.

When choosing a doorman or a security guard, cost is not the main factor.

Property management has changed, but personal contact remains a priority.

Daniel Wollman, CEO, has solved 1000s of problems for New York residents from uptown to downtown.

Inevitably, conflicts happen between neighbors next door in a co-op or condo.

Social media is absent from communication in the majority of NY co-ops and condos.

There are no guarantees when it comes to building systems, parts and components.

Managing the math keeps buildings out of the red. Here, an example.

At many NYC co-ops and condos, the board is led by a group of dedicated doers.

Now, boards must consider whether to fully modernize elevators, or just comply.

Keeping amenities well maintained retains value and protects those who use them. 

Buildings need adequate capital reserve funds, whether for repairs, replacements or emergencies.

When building-a-building happens next door, management gets involved to protect the people, and residence, in their charge.

E-commerce has changed people’s shopping habits, including the way residents receive their deliveries.

If a co-op neglects to send a bill for 8 years, does the shareholder still have to pay?

Tell your superintendent if birds flock at your windows. Removal is not a DIY job.

Newspaper missing? If a neighbor is swiping it, this could violate house rules.

Leaks caused extensive water damage. How to fix the masonry without removing the windows? Aha!