New York based property management firm, All Area Realty Services blog. Find tips for Co-Op Boards & Residential Building Management.

Understanding the Roles & Responsibilities of Your Co-Op Board Members

Posted by All Area Realty Services Team on Aug 17, 2017 5:05:05 PM

Most apartment building residents know that there is a board protecting the interests of the individual owners and the building. Board members are volunteers who live in the building and want to make sure their investment is protected. The board has many responsibilities and needs to deal with changes in the economic environment, the composition of owners and in the physical and financial status of the building.

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Topics: Co-Op Board

Is your Real Estate Property Management Company providing you with the best ROI?

Posted by All Area Realty Services Team on Aug 15, 2017 3:56:16 PM

Return on Investment (ROI) is what investors look at when deciding to invest. Investors can achieve a high ROI when working with a reputable property management company.

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Topics: Property Management

Thinking About Running for Your Building’s Co-Op Board?

Posted by All Area Realty Services Team on Aug 10, 2017 3:11:15 PM

If you're considering becoming a board member, here are a few suggestions for a smooth tenure.

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Topics: Co-Op Board

Co-op Repairs & What Needs Board Approval & What Does Not?

Posted by All Area Realty Services Team on Aug 1, 2017 4:05:58 PM

Certain cosmetic upgrades (like painting) may not require board permission but it is best to check in with management before starting any work in your unit.

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Topics: Renovations

What Factors Contribute To Building A Good Relationship Between Tenants & Property Managers?

Posted by All Area Realty Services Team on Jul 25, 2017 1:50:33 PM

One factor in building rapport with tenants is availability. A property manager provides a huge value to its investors who cannot make themselves constantly, or even regularly, available to their tenants for whatever reason.

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Topics: Property Management

What Can A Co-Op Board Do If An Owner Acts in Bad Faith?

Posted by All Area Realty Services Team on Jul 24, 2017 12:55:45 PM

Condo boards and co-op boards have different ways to deal with an owner who acts in bad faith. Condo boards have less remedial powers than co-op boards, which can terminate a proprietary lease and evict an owner who engages in dishonorable conduct.

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Topics: Co-Op Board

What Makes a Co-Op Board Successful? Follow Our Top 5 Tips

Posted by All Area Realty Services Team on Jul 24, 2017 12:37:37 PM

When a successful board meets, there are at least five distinct behaviors that are beneficial to running a great building.

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