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Your Dream Come True Could Turn Into a Nightmare UNABRIDGED

Magazine Article by Stuart Saft on December 02, 2016

inspections. Here’s another reality. The board has control over a very small portion of the budget (usually

The Art of Persistence UNABRIDGED

Magazine Article by Paula Chin on December 02, 2016

-op can hopefully anticipate continuous budget surpluses in the coming years. Moreover, the co-op’s lender

Unplugged: The Death Knell of the Submetering Incentive UNABRIDGED

Magazine Article by Paula Chin on December 02, 2016

residents be responsible for their electric bills was a huge line item off our budget and allowed us

A Visionary on East 72nd Street UNABRIDGED

Magazine Article by Tom Soter on December 02, 2016

quickly, on time and on budget,” says Jeanette Rodriguez, who has been the co-op’s onsite property manager

New Life for an Old Lighthouse UNABRIDGED

Magazine Article by Bill Morris on December 02, 2016

the contractor, E & J Construction. That number was doable, and the job got done on budget and on time
budgeting for major capital improvements, boards must take into account not only the cost of doing the work ... The Human Factor in Capital-Improvement Budgets
status of your building annually. They check to see if you’ve got a balanced budget; whether
-op and condo boards on Long Island that must budget for pipes and fixtures that wear out long before warranty
Five years ago, a property manager presented an annual budget to the board of the 174-unit co
an assessment. The board also increased its line of credit in case the job went over budget. “Shareholders

Ask the Experts

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Learn 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

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