Page 3 - CooperatorNewsSouth FLorida 2021

SOFL.COOPERATORNEWS.COM
COOPERATORNEWS SOUTH FLORIDA —
FALL 2021
3
TABLE OF CONTENTS
Yale Robbins
Publisher
Henry Robbins
Executive Vice President/
Director of Sales
Joanna DiPaola
Associate Publisher
Hannah Fons
Senior Editor
Darcey Gerstein
Associate Editor
Pat Gale
Associate Editor
Shirly Korchak
Art Director
Anne Anastasi
Production Manager
CooperatorNews South Florida is published quarterly by Yale Robbins Infomedia, 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice President: Henry Robbins. Subscriptions are available free by request to co-op and condo board
members and homeowner associations. POSTMASTER: Send address changes to CooperatorNews South Florida, 205 Lexington Ave., New York, NY 10016. ©Yale Robbins Infomedia 2021. All rights reserved. Application to mail Periodicals postage rates is pending at New York NY.
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Elevator Refurbishment........ 1
No matter how well constructed and carefully maintained, no mechanical system
lasts forever—and that goes for elevator cabs and equipment just as much as it
applies to roofs or boilers. At some point, your building’s vertical transportation
comes to the end of its useful life, and the inconvenience of refurbishment and
replacement becomes a reality for residents.
Keeping an Often Digital Paper Trail...... . 1
Large or small, wealthy or humble, condo, HOA, or co-op, all multifamily communi-
ties must keep up-to-date records—of finances, meeting minutes, and rules and
regulations, to name a key few. In some cases, it’s even required by law.
40-Year Building Inspections.... 1
For building owners and property managers who may soon be facing the 40-year
building recertification process in Miami-Dade and Broward Counties, Benjamin
Franklin’s adage about ‘an ounce of prevention’ is fitting.
Tapping Reserves in a Time of Financial Crisis.... 6
It’s a question we’re asked all the time: “Can we use reserves to cover an operating
fund shortfall?” Under normal circumstances, our standard response would be an
emphatic “No!”—because reserves are for major repair and replacement projects.
But now, in a time of (inter)national crisis, reserves may play a valuable additional
role at your association.
Pulse...... 4
Q&A...... 5