i came up with a rough estimate of 30 owner occupied apartments to the 59 we have in the coop. i used the proprietary lease for the parameters of owner occupier.
the board president is not an owner occupier, nor are some other board members.
in reality we have 50% owner occupied. That is why the building had gone to shit.
we have at least one resident that should have never moved in, should habe been evicted the first month, since he was not the shareholder.
he has caused many problems for his eifghbor, yet the board and manging company refuse to do anything. could be more inside dealing.
But 50% is real bad
going to be hard to sell , since the word is out.
Dont shoot the messenger ,thank your board
