How One Board Turned A Setback Into A Success

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 Carol Ott.How To Run Your Building: For Co-ops and Condos