New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

INSIDE TRACK: PROPERTY MANAGEMENT


CONVERSATIONS WITH CO-OP & CONDO MANAGEMENT EXECUTIVES

What Management Knows That You Might Not

Governing a New York City co-op or condo is not for the faint of heart. In this interview series, New York’s leading property management executives focus on a wide range of topics that confront co-op & condo board directors every day.

October 6, 2023
Season 1
Transcript

Dog Bites Condo Board

Co-op and condo boards are caught between a rock and a hard place when it comes to emotional support animals. They have to tread very carefully to not run afoul of anti-discrimination laws and at the same time deal with any unhappy residents who object to the pet. Alvin Wasserman, Senior Director of Asset Management at Fairfield Properties, explains the  perilous path emotional support animals can cause.

October 11, 2023
Season 1
Transcript

Hard Facts About Insurance

What action should co-op & condo boards take in light of today's hard insurance market? Anes Radoncic, Managing Partner of Venture NY Property Management, offers some practical advice.

October 30, 2023
Season 1
Transcript

How to Create a Roadmap

The compliance landscape has changed today, and many projects which used to be just a capital improvement now have to be viewed through a compliance lens. The question is, which budget bucket do you place it in , which projects can fill more than one bucket, which are the most impactful ones to do early and in what order should you do them? Chris Alker, Senior Vice President of Building Operations at Akam, offers a insight on how to chart this path.

October 6, 2023
Season 1
Transcript

Fines or Retrofits?

New York City's Local Law 97 is presenting many co-op and condo boards with a vexing conundrum: invest now to avoid fines, or pay fines to avoid large investments. Gary Andriotis, Vice President of All Area Realty Services, points to funding sources that can help, and advises boards to budget now and share findings with your community.

October 6, 2023
Season 1
Transcript

Not the Time for Amateurs

As tempting as it is to hire a contractor to get the job done, it pays to have oversight from a licensed professional. Ira Meister, President of Matthew Adam Properties, shares a story about one of their clients who ran into trouble when a manufacturer installed electric HVAC system basically shut down.  Without a professional overseeing the project, or even a maintenance contract from a service provider,  the co-op  was left in bad straits when the cooling component of the system shut down,

December 5, 2023
Season 1
Transcript

Five Days to Evacuate

The unexpected does occur, and when it does your co-op or condo better be prepared. Andy Marks, Senior Vice-President, Maxwell-Kates went through trial by fire on the first building he ever managed. He shares his experience here, the lessons he learned, and the steps he took to secure everyone's safety.

October 6, 2023
Season 1
Transcript

The Prevailing Wage Predicament

In the spring of 2022, New York mandated that for a co-op or condo to qualify for a property tax abatement, it had to pay its staff a prevailing wage. If a building was unionized, this didn't really have an impact. But for those buildings that had non-union employees, the impact has been significant. A.J. Rexhepi, Managing Partner at Century Management, explains the what boards need to weigh before making the wage decision.

October 24, 2023
Season 1
Transcript

Getting the Lead Out

Lead is a substance no one wants to find in his or her apartment, or the common area of building either.  But it exists, and there are laws regulating who has to find it, who has to get rid of it, who's legally responsible, and who has to file lead notices with the city.  The law specifically targets rental apartments, and this includes co-op or condo owners who sublet their apartments. Josh Koppel, President of H.S.C Management, shares the story of a client who had a lead problem in one of its apartments.

October 11, 2023
Season 1
Transcript

Get Busy

Meeting the goals of New York's Carbon Mobilization Act can be a tall order for many buildings. In this episode, Fred Rudd, President of Rudd Realty, shares how one of his clients, the St. James Condominium, avoided a fine of $140,000 by investing $1.7 million dollars in energy and carbon reduction projects.  

When doing repairs on your building requires access to your neighbor's property, you need a licensing agreement. But as Margaret McAdams, Director of Management at Buchbinder & Warren explains, that's often easier said than done.  The reasons why vary, but taking one bit of advice can help: Plan in advance.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

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