3 things to ask before you hire a live-in super for your building

… before hiring a new one Some boards hire outside companies to provide the minimum level of service required under state … commitment your board should take a thoughtful approach to finding the best super for your building Your board will … New Bedford Management recommends asking a candidate how often they communicate with the assigned property

By Celia Young |November 6, 2023 - 1:30PM
Does a shareholder need approval from their co-op board to get a reverse mortgage?

… to ask their coop board for permission to get a reverse mortgage a type of loan aimed at seniors who want to tap the … The process for receiving board approval for a reverse mortgage is very similar to when a shareholder refinances an existing loan our experts say Reverse mortgages only became available for coop shareholders in May …

By Celia Young |October 30, 2023 - 2:30PM
Hochul approves a replacement for the J-51 tax abatement that could help condo and co-op buildings fund upgrades

… Governor Kathy Hochul signed a slate of bills Monday that could help fund repairs for coop and condo buildings and boost affordable housing development after the collapse of her previous  …

By Celia Young |October 25, 2023 - 4:30PM