Articles


Here are some recent examples of how FirstService Residential New York has been making news.
 

Top 5 Budget Busters New York City Condos and Co-ops Should Be Wary Of

As a New York City condo or co-op board member, one of your principal responsibilities is stewardship of your property’s finances. A lot of that boils down to one thing: your annual budget. Here, we’ll identify five things that tend to blow association budgets. If you’re partnered with a knowledgeable and experienced property management company, they’ll help you manage these budget busters so your property can avoid paying the price – literally and figuratively – later. 

Posted on Wednesday September 21, 2016 read more

Effective Budgeting – Seven Important Steps To Consider

Preparing your New York City condominium’s or cooperative’s annual budget can be a source of stress, but more importantly, it’s a valuable opportunity to take a deeper look into the status of your property’s financial well-being. Effective management of your building and your finances relies heavily on how successful you are in budgeting for short-term and long-term goals. As a board member, here are some important guidelines you should consider during budgeting season. 

Posted on Tuesday September 20, 2016 read more

YOUR 2017 BUDGET CHECKLIST

Preparing your New York City condominium or cooperative’s annual budget can seem like a daunting task. However, it is a highly valuable exercise that will ensure the financial well-being of your multifamily property and protect the investment of your fellow homeowners. If you are a board member of a property whose calendar year begins on January 1, here are some important questions you should be asking when creating your property’s annual budget.

Posted on Tuesday September 13, 2016 read more

Building Operations: Great – and Ever-Rising – Expectations

Senior Vice President Steven Hirsch is quoted in this Habitat Magazine article discussing the rising expectations of building operations within New York City condominiums and cooperatives. 

Posted on Wednesday September 07, 2016 read more

Hoverboards: Should Your Bylaws Be Amended to Ban Them?

There have been numerous reports of apartments sustaining damage when a battery pack was left unattended while charging. As such, several FirstService Residential buildings have either banned hoverboards or imposed rules against them. 

Posted on Thursday September 01, 2016 read more

Case Study: Gas Conversion Significantly Reduces Utility Costs and Emissions for Upper West Side Co-op

Danielle Apartment Corporation, a 79-unit cooperative located at 140 West 71st Street in Manhattan, was burning heating oil #4, which New York City has mandated be phased-out by 2030. To comply with the city’s order to convert to cleaner fuels, and in an effort to reduce the building’s carbon footprint, lower fuel expenses, and better control heating distribution, the board reached out to FirstService Residential for guidance on determining if these goals would be achievable by converting their boilers to natural gas.

Posted on Wednesday August 31, 2016 read more

Wurtzel to Teach Onboarding Course at CNYC Housing Conference

Dan Wurtzel, president of FirstService Residential, will be teaching a course covering best practices for “Onboarding New Board Members” at The Council of New York Cooperatives & Condominiums’ (CNYC) annual housing conference. Keep reading for more details.

Posted on Tuesday August 30, 2016 read more

Message from the President: Our Commitment to Continuing Education and Professional Development

To ensure that our managers are well-informed on the latest industry developments, FirstService Residential regularly hosts seminars and educational programs during which industry leaders share their knowledge on timely topics. Due to the number of managers we employ, these experts know they will be addressing a large, attentive audience. That’s why we are able to attract key industry leaders to address our teams directly. Keep reading for more information on recent seminars. 

Posted on Friday August 26, 2016 read more

55 Wall Street Embarks on $8.3 Million Project to Cut Energy Costs, Consumption and Emissions

The Cipriani Club Residences, located at 55 Wall Street in Lower Manhattan, is making an $8.3 million investment in a multifaceted energy efficiency and cogeneration project. Once completed, the building stands to reduce its energy consumption and related emissions by 42% as well as cut energy costs in half – saving $900,000 annually. 

Posted on Thursday August 25, 2016 read more

Financing Capital Improvement Projects

Many associations have not increased assessments at the pace required to adequately service an aging property. This deficiency has rendered some boards incapable of funding unexpected expenses, such as replacing major equipment or addressing structural or life-safety issues stemming from compliance with local laws. Read on for more informational details.

Posted on Wednesday August 24, 2016 read more

Rebuilding After a Hurricane: How Your Property Management Company Can Help

In the aftermath of a powerful hurricane or tropical storm, a quality property management company can facilitate your building’s repairs and help residents start returning to their day-to-day activities, as seen with FirstService Residential’s efforts after Superstorm Sandy. After the storm has passed, the first consideration is the safety of your building’s residents. Once that has been established, it’s time to work toward returning to a normal way of life. Here are some of the steps the best property management company will take to help you get there.

Posted on Tuesday August 23, 2016 read more

Insuring Amenities - Don't Make Luxury a Liability

President Dan Wurtzel is quoted in this Cooperator article on essential insurance coverages condos and co-ops should have.

Posted on Monday August 22, 2016 read more

FirstService Residential Teams with Mayor’s Office to Offer Steam Heat Seminars Focused on Improving Efficiency

FirstService Residential and FS Energy teamed up with the Mayor’s Office of Sustainability and the NYC Retrofit Accelerator Program to offer a training seminar for property managers and building operators covering one-pipe and two-pipe steam heat distribution systems. The seminars attracted more than 130 attendees.

Posted on Friday August 19, 2016 read more

FirstService Residential Property Managers Briefed on Local Law 45

Among the speakers at the July Property Managers’ Meeting was Tim Mitchell, an attorney with Cohen, Hochman, & Allen, who explained the details of Local Law 45 of 2016, the city's temporary program to settle outstanding Environmental Control Board violations issued by the Department of Buildings.

Posted on Wednesday August 17, 2016 read more

FirstService Residential Forms Alliance With Zipcar

Jeremy Lynch, National Account Manager for Zipcar, explains the company’s new partnership with FirstService Residential at the July Property Managers’ Meeting. 

Posted on Wednesday August 17, 2016 read more

Landscaping Tips – How to Prepare For Hurricane Season in New York City

This hurricane season, let us help you avoid unwarranted damage by preparing from the outside in. Using these five tips, you can prepare your landscaping to help your community safely weather any storm. 

Posted on Thursday July 28, 2016 read more

How Your New York City Property Management Company Can Be Your Best Friend During Hurricane Season

As a board member of a New York City condominium or cooperative, you understand how this coastal metropolis can be impacted by large storms. The good news is that by partnering with an experienced and knowledgeable property management company, your building can be thoroughly prepared while minimizing the risk of potential damages during hurricane season. To help you and your property achieve the best property management service before, during and after hurricane season, here are some helpful tips. 

Posted on Monday July 25, 2016 read more

Navigating the Lap of Luxury - The Business of Condo Units in High-End Hotels

Marc Kotler, Senior Vice President of FirstService Residential's New Development Group, is quoted in a Cooperator article discussing the management of residential condominium units in high-end New York City hotels.

Posted on Monday July 18, 2016 read more

New York City Hurricane Season – Why It’s Important To Prepare Now

With summer in full swing, New Yorkers are focused on spending time outdoors and having fun in the sun. The fact that hurricane season – which runs from June 1 to November 30 along the east coast – is upon us, often isn’t top of mind. This season, there is one important question every board member and resident should ask: “Is my community prepared for a possible traumatic weather event such as a hurricane?” 

Posted on Friday July 15, 2016 read more

FirstService Residential Receives Jetsetter Award for Top Participation in #DaylightHour 2016

Leading property management company doubled its participation in the annual energy-saving campaign

Posted on Friday July 08, 2016 read more
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