HABITAT
Subscribe for Daily Updates!
There are many options, but ignorance to the potential income should not be one of them. Your accountant can provide many alternatives for you. I have a few of my buildings with this challenge in the past and most of the time I raised maintenance proportionately and then returned that money (in your case 20K) in the form of services such as providing free cable, or laundry, or a gym, the possibilities are endless. I believe your coop lost some good opportunity in the past, but it is not too late to regain it.
~AR
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat u
visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Archives
search
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!