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How To Run Your Building! For Co-ops and Condos: Daily Summaries Delivered
by Habitat Magazine
Whether you've served on your co-op/condo board for a long time, or just started, there are a myriad of professionals you will interact with and learn from. In this series, Habitat Magazine editors interview the leading New York property management executives to find out what works, what doesn't and where board challenges lie. You'll learn valuable insider tips and resources for solving the myriad of problems that you might face while governing your building.
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- 2 days ago12 min
One Resident, One Leak, One Standoff
A Brooklyn condo has been fighting sponsor-related leaks for years, seeping through facades and terraces into the units below. The fix seemed straightforward until one resident stopped granting access, leaving water damage to spread and the board stuck without a clear path forward. Adam Reisman, president of client services at MD Squared Property Group, walks through how his team handled the standoff, from documenting every outreach attempt to deciding when legal escalation becomes unavoidabl...
- 2 weeks ago13 min
Why Some Boards Are Choosing to Pay the Carbon Tax
Local Law 97 promises a greener city, but for many boards the math simply doesn't add up. Dan Wollman, CEO of Gumley Haft Management, unpacks the tension between environmental goals and the financial reality of running a building. Using a fifty-story condominium his firm manages, Wollman breaks down a multimillion-dollar window replacement against modest projected energy savings. He digs into who can afford to comply, who can't, and what that could mean for the future of buildings across the ...
- Dec 29, 202515 min
Behind the Chaos of NYC Building Transitions
What do you do when a building is completely gutted by fire and insurance doesn't cover the full rebuild? Or when a sponsor-managed property leaves residents without gas and a new board drowning in hidden compliance violations? Adam Reisman, president of client services at MD Squared Property Group, and Josh Koppel, president at HSC Management, walk listeners through two extraordinary management transitions with lessons for every co-op and condo board. Koppel's account of a vacant Yonkers bui...
- Dec 15, 202538 min
How Deferred Fixes Turn Healthy Buildings Into Financial Risks
The property management industry has transformed dramatically, and three leading executives reveal what it takes to keep NYC buildings ahead of the curve. AJ Rexhepi, CEO of Century Management, Mitchell Slavuter, partner at Delkap Management and Keith Werny, president of FirstService Residential's City Line Management Division, discuss the shift from reactive maintenance to strategic planning. They share concrete examples of buildings that turned compliance nightmares into opportunities, slas...
- Dec 1, 202540 min
How to Turn a Two Million Dollar Crisis Into a Win
When a condominium's facade project ballooned to over two million dollars, the board was facing a crisis. The solution involved unconventional contractor negotiations and a prepayment strategy that surprised everyone with its success. In this episode, three veteran property management executives reveal the insider strategies that separate struggling buildings from thriving ones. Steven Greenbaum, executive vice president at The Lovett Group, Alvin Wasserman, senior director of asset managemen...
- Nov 24, 202522 min
How Withholding Information Complicates Management Transitions
Behind many co-op and condo property management switches are stories of broken trust, hidden problems, and boards desperate for answers. Andre Kaplan, CFO at Orsid New York, and Scott Soifer, Senior VP at Maxwell-Kates, reveal some of the uncomfortable conversations that need to happen and why boards sometimes hide critical information during the hiring process. One Jackson Heights co-op cycled through three firms in five years before anyone delivered the truth about their finances. Another b...
- Nov 10, 202533 min
Did Your Building's Budget Problems Start Years Ago?
You probably think your board is managing your building’s finances responsibly. But are you certain? In this episode, three of New York City's leading property management CEOs discuss case studies that expose how buildings can easily spiral into crisis. Peter von Simpson of New Bedford Management, Michael Feldman of Choice Management, and Dan Wollman of Gumley Haft Management share stories about inheriting buildings with conspiracy theories running wild and boards in denial about their financ...
- Oct 27, 202540 min
Why NYC Property Management Just Got Extremely Complicated
Something fundamental has shifted in NYC property management, and Kyle Gregory from New Way Management and Margaret McAdams from Buchbinder & Warren are pulling back the curtain. They reveal why compliance work has ballooned from 25% to 60% of their time, how buildings are navigating impossible choices between assessments and deferred maintenance, and why even large management firms are struggling to adapt. You'll hear about a building forced to spend millions on an emergency conversion a...
About How To Run Your Building! For Co-ops and Condos
Whether you've served on your co-op/condo board for a long time, or just started, there are a myriad of professionals you will interact with and learn from. In this series, Habitat Magazine editors interview the leading New York property management executives to find out what works, what doesn't and where board challenges lie. You'll learn valuable insider tips and resources for solving the myriad of problems that you might face while governing your building.
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