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January 21, 2020

Property management, in the 20th century was the blocking and tackling of the multi-family real estate industry – dealing with the day-to-day operational and financial property-related matters; doing the unspectacular. The whole point was to protect and preserve the ph...

August 7, 2019

As a co-op or condo owner in affordable housing, Are you more interested in preserving affordable homeownership or substantially increasing your net worth? Therein lies the paradox. How you answer this question will have significant ramifications on the affordable home...

July 16, 2018

Why is it important to set goals for the year?

First and foremost, goal setting provides organizational direction and purpose.  This activity creates focal points for the Board’s time and energy.

Second, it enables the Board to determine through an objective measurement...

January 19, 2018

What is the most important tool for keeping a co-op or condo on track throughout the year? In my view a well thought out budget is the single most important tool for keeping a co-op or condo on track during the year. If each line item is properly vetted, a budget annou...

January 18, 2018

Arguably, there are at least two legal theories and one administrative theory that could defeat HPD's attempt to reregulate HDFC's. First, breach of contract. Second, HPD's proposed action violates the Fourteenth Amendment of the U.S. Constitution. It reads it part, "N...

January 17, 2018

Questions concerning NYC's bureaucratic paternalisn

December 16, 2017

Hypothesis: As sales and prices increase in affordable co-ops and condominiums, new owners will seek to protect their investment by demanding Board accountability and transparency, as well as professional management processes and procedures.

December 6, 2017

The financial lessons learned from homeownership combined with the self-esteem earned through being financially disciplined and the sense of security that comes from homeownership, is a transformative combination.

October 9, 2017

1.   Adopt a set of policies relating to the governance of the co-op or condo, e.g. sales, subleases, amendments to by-laws and building finances, including a capital expenditure plan.

2.   Hold information meetings over several months to explain new policies and p...

August 29, 2017

Guideline #1. Do not adopt a policy or decision until you can individually and collectively answer the following question: Do I/We understand the ramifications of this decision or policy?

Guideline #2. All Board deliberations are confidential.

Guideline #3. A Board shoul...

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