What Happens When Nobody Shows Up to Approve Your Building Loan?
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What Happens When Nobody Shows Up to Approve Your Building Loan?
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Who will show up for your co-op or condo’s annual meeting and will you have enough shareholders or unit-owners to conduct the necessary business at hand? That’s the pressing question as thousands of New York’s co-op and condo boards begin the annual meeting season this spring. Greg Finger, vice president and director of property management at Finger Management, recounts the tale of one condo his firm manages that didn’t achieve a quorum — the first time — and in this episode he explains the simple strategy that worked the second time. Whether you're dealing with apathetic residents or critical financial decisions, you'll learn exactly how to craft notices that motivate attendance and protect your building's financial future. Habitat's Carol Ott conducts the interview.
How To Run Your Building: For Co-ops and Condos