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PODCAST

How To Run Your Building! For Co-ops and Condos

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.

business management

All Episodes

13:31

Beyond the Emergency: How to Lead Your Building...

How To Run Your Building! For Co-ops and Condos ·

2025/02/03

In conversation with Habitat's Paula Chin, Robert Ferrara, president of the Ferrara Management Group, shares invaluable insights from managing a devastating fire emergency at a Peekskill condominium that displaced 16 unit owners for over two years. Through his firsthand account of the crisis and recovery process, board directors will learn crucial strategies for emergency response, insurance coordination, and resident communication during catastrophic building events. Key takeaways for board...

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23:32

Stop the Revolving Door: How to Choose a Management...

How To Run Your Building! For Co-ops and Condos ·

2025/01/27

In this insightful conversation with Melissa Cafiero, director of management at Halstead Management, board directors get a behind-the-scenes look at how management companies approach new client relationships and handle transitions. Cafiero shares valuable perspectives on the evolving nature of property management, comparing it to a marriage that requires careful matchmaking and ongoing nurturing. Habitat's Carol Ott conducts the interviewKey takeaways from this episode:* Modern property manag...

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16:07

From Annual Shock to Monthly Payments: A New Approach...

How To Run Your Building! For Co-ops and Condos ·

2025/01/20

Insurance premiums for co-ops and condos are surging with double-digit increases year after year, and boards must pay these hefty fees upfront. But there's a financial tool that can help ease this burden. Michael Feldman, CEO of Choice New York, talks to Habitat's Paula Chin and breaks down how insurance premium financing allows boards to spread their annual insurance costs over several months, rather than being forced to make a single lump-sum payment.Key takeaways:* Insurance premium financ...

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8:59

Red Flags and Rescue Plans: When and How to Change...

How To Run Your Building! For Co-ops and Condos ·

2025/01/13

Changing property managers for your co-op or condo can feel like performing surgery while the patient is awake — everything needs to keep running smoothly while you make the switch. Stephen Wilson, vice president of Blue Woods Management, shares how one building nearly lost its tax abatement during a transition, highlighting why meticulous handovers are crucial.Key takeaways for board directors:* Create a transition checklist covering everything from vendor contracts and insurance policies to...

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7:15

Your Co-op Missed Two Years of Elections - Now What?

How To Run Your Building! For Co-ops and Condos ·

2025/01/08

The pandemic's impact on co-op and condo governance continues in 2025, with some properties still feeling the fallout from missed annual meetings in 2020 and 2021. In this conversation Cosmin Ardeljan, senior VP at All Area Realty Services, shares how some of his clients are now meeting the challenges of these missed annual meetings, including one Upper East Side co-op that faced potential legal action from shareholders demanding their voting rights. Habitat's Emily Myers conducts the intervi...

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12:21

Cash Flow Secrets: Why Your Building's Bank Balance...

How To Run Your Building! For Co-ops and Condos ·

2024/12/23

Tracking your building’s financial health can be confusing, and one of the reasons is that your building’s bank balance doesn’t tell the whole story. In this episode, Thomas Thibodeaux, CFO at New Bedford Management, explains what items create misleading cash positions and offers some strategies boards can use to understand what is really going on. Habitat’s Carol Ott conducts the interview.How To Run Your Building: For Co-ops and Condos

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20:00

The A-Word: Taking the Sting Out of Building Assessments

How To Run Your Building! For Co-ops and Condos ·

2024/12/17

Historically co-ops and condos have been able to borrow money for building improvements and compliance requirements in an affordable way. With interest rates still high, this is not an attractive option any more. In this episode, Andre Kaplan, CFO of Orsid New York, provides some practical solutions for keeping your building financially healthy while managing resident expectations. Habitat’s Emily Myers conducts the interview.How To Run Your Building: For Co-ops and Condos

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14:48

Follow the Water: How a Simple Leak Led to Diplomatic...

How To Run Your Building! For Co-ops and Condos ·

2024/12/09

Water damage is not a unique occurrence in residential apartment buildings, but a recent crisis at an Upper East Side co-op got complicated to fix. Water was pooling in the boiler room and seeping into the electric meter room, and a shareholder’s apartment was damaged. Aaron Weber, property manager at Weber Realty Management, shares the challenging tale of investigation, dye testing, insurance denials, financing, and a neighboring embassy's collapsed sewer line - and how the co-op finally sol...

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14:43

Show Me The Money: Strategic Options for Co-op and...

How To Run Your Building! For Co-ops and Condos ·

2024/12/03

One of the most pressing challenges facing NYC co-ops and condos is how to fund expensive local law compliance requirements. In this episode Armin Radoncic, principal at Venture New York Property Management, outlines the primary funding strategies used by New York’s co-ops and condos. Corporate structures require different strategies, but no matter what yours is Radoncic emphasizes the need to set aside emotional responses when making crucial funding decisions. Habitat’s Paula Chin cond...

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21:27

First-Time Condo Buyers Beware: The Real Story Behind...

How To Run Your Building! For Co-ops and Condos ·

2024/11/26

Transitioning from a developer to a condo board can bring unwelcome surprises and stark choices. That was the case at a Brooklyn condo, when new management took over and discovered owners were paying only half the amount needed to cover basic operating expenses. The artificially low monthly charges—which had attracted many first-time buyers—were temporarily masked by reserve funds that were rapidly depleting. Anes Radoncic, managing partner at VNYPM Property Management, tells the tale t...

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16:28

From Oil to Opportunity: How One Queens Co-op Slashed...

How To Run Your Building! For Co-ops and Condos ·

2024/11/20

While the dazzle of the latest energy reduction solutions is out of bounds for many co-ops and condos, the tried and true can often achieve just as much. That’s the case at the Imperial Sanford co-op in Queens, where substantial incentives boosted a fuel switch and window replacement program that is expected to reduce energy consumption by 65-70% or more. Evangelos Fantakos, CEO of Highrise Property Management, shares what the upgrades were, how much they cost and who they partnered with to a...

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13:26

Why Transparency Is Key

How To Run Your Building! For Co-ops and Condos ·

2024/11/13

A primary responsibility of the board of directors is protecting the building’s financial health. To do that, transparency is paramount. In this episode Michell Abubo, managing partner at Highrise Property Management, shares a case study of a Queens co-op where a lack of transparency was deadly, ultimately leading to a change in management. Habitat’s Paula Chin conducts the interview.How To Run Your Building: For Co-ops and Condos

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16:42

When Boards Get Stuck: Breaking Through the Paralysis

How To Run Your Building! For Co-ops and Condos ·

2024/11/07

Board inertia is a corporate disease that many members grapple with. Decisions get put off, problems grow and ultimately the health of the housing association suffers. In this episode, Andy Marks, Executive Vice President at Maxwell-Kates, explores what causes inertia and offers some guidance on how to break through it. Habitat’s Paula Chin conducts the interview. How To Run Your Building: For Co-ops and Condos

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10:51

Condo Crisis: $550K Facade Job Balloons to $1.2M

How To Run Your Building! For Co-ops and Condos ·

2024/10/28

A cautionary tale of facade repairs at an Upper East Side condo, where initial estimates of $550,000 ballooned to $1.2 million after engineers discovered insufficient brick ties during Local Law 11 inspections. Maxwell-Kates SVP Josh Holzer shares how the board navigated this crisis through refinancing, staff reductions, and a contractor payment plan. Habitat's Emily Myers conducts the interview.How To Run Your Building: For Co-ops and Condos

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15:37

Get Your Board Head Out of The Sand

How To Run Your Building! For Co-ops and Condos ·

2024/10/24

If a co-op or condo building operates at a deficit, there are only two outcomes – payables are late and cash erodes. That’s what Daniel Wollman, CEO of Gumley Haft, found when he was re-hired at a condominium his firm had managed over a decade ago. How its financial condition eroded and the steps it took to regain financial health are shared in this interview, conducted by Habitat’s Carol Ott.How To Run Your Building: For Co-ops and Condos

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16:32

A Gas Story: How One Board Didn't Wait For The...

How To Run Your Building! For Co-ops and Condos ·

2024/10/08

One of the most reliable sources of fuel for New York’s apartment buildings is gas, but the lines that it flows through — from heating to cooking — have become a critical concern because leaks often lead to complete gas shutdowns. AJ Rexhepi, CEO of Century Management, recounts how one board at a pre-war West Side co-op looked at their fuel options, considered their finances and decided to stick with gas — but not wait for the inevitable. Habitat’s Carol Ott interviews Rexhepi to find o...

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20:07

Finding Energy Saving Strategies That Make Economic...

How To Run Your Building! For Co-ops and Condos ·

2024/09/24

There are many strategies – and price points – that will reduce energy consumption in a building, and Stuart Halper, vice president of Impact Management, emphasizes an economically sensible approach. For many, there is a mismatch between New York City’s regulations and a building’s financial capabilities. In this interview conducted by Habitat’s Emily Myers, Halper reviews the steps that the majority of his clients are taking.How To Run Your Building: For Co-ops and Condos

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9:37

How To Handle An Aggrieved Shareholder

How To Run Your Building! For Co-ops and Condos ·

2024/09/11

There are two sides to every problem - and sometimes even more. When one crops up in a co-op or condo, someone has to step back, take a breath, maybe eat some crow, and get the issue resolved. In this episode, Josh Koppel, president of HSC Management, shares how an aggrieved shareholder was soothed and what it took to make that happen. This story has important takeaways for board directors and property managers. Habitat’s Emily Myers conducts the interview.How To Run Your Building: For Co-ops...

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12:08

How Does Your Board Use Technology?

How To Run Your Building! For Co-ops and Condos ·

2024/08/26

Technology has made managing co-op and condo buildings more efficient and has certainly changed the property management business. But how has it impacted co-op and condo board directors, where has it created vulnerabilities and how does it come into play when a property changes management companies? Alvin Wasserman, Senior Director of Asset Management at Fairfield Properties, explores these issues in an interview conducted by Habitat’s Carol Ott.How To Run Your Building: For Co-ops and Condos

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11:27

How One Board Turned A Setback Into A Success

How To Run Your Building! For Co-ops and Condos ·

2024/08/13

A bundle of projects at a downtown condominium was humming along smoothly - until they weren’t. A problem was discovered with the building’s vault which drove up expenses and suddenly costs exceeded what the board had raised for all the projects. Add in a hallway and lobby re-do, and suddenly trouble was brewing. Ira Meister, President of Matthew Adam Properties, shares the story of how the board overcame a shortage of funds and an obstructionist subletter. Meister is interviewed by Habitat’s...

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64 results

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