Posts Tagged ‘property management’
Tips for Surviving an Elevator Shutdown
Cases of elevator shutdown are certainly becoming much more common, as the boards of condos and coops rush to install mandatory door lock monitors before the deadline arrives in January 2020. Due to the intensive work required, many boards opt ...
The Benefits of Real-Time Cost Monitoring
Recently, one of our prominent co-op clients embarked on a massive 5-year capital-improvement project with a projected outlay of about $40 million. To get on with the project, which essentially involves rebuilding the facades, windows and doors...
Size Matters When It Comes To Steam Boilers
The use of steam boilers to heat our homes is not anything new. Powerful steam boilers have been in existence since the early 19th century, when they were the leading heating equipment for most buildings. So dominant were the boilers that one c...
A Season For Every Roof Job
All you need to replace your old roof is a new roof, right? Well, not really - roof replacement is not as straightforward as it appears. For instance, a contractor was recently hired by an affluent condo board to undertake a million-dollar...
New Tenant Protections Likely to Be Felt in Condos & Co-ops
On 14th June 2019, the Governor of New York, Andrew Cuomo, assented to the Housing Stability and Tenant Protection Act of 2019, which came to be known as universal rent control. While the law primarily seeks to regulate the city's vast res...
A New Way to Pay For Energy-Efficient Improvements
When it comes to energy efficiency, is it worth the money? It may be able to save condos as well as co-ops some cash, but it might also taking some expensive investments along the way.So when it comes to high efficiency boiler installations, ne...
Facade Inspection Regulations May Grow Tighter, Costlier
When it comes to regulations of facade inspection, are they projected to be even more expensive in the future? All signs are pointing to yes. December of 2015: a condominium with 35 stories has bricks work loose. Hundreds crash to the ground...