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Apartment Values Drop When Condos Can't Put 10% in Reserve. However...

. But there is a way to bypass the requirement: Show the lenders you don't need that much money. Study Up You can do ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant

Feeding the Reserves UNABRIDGED

Magazine Article by Mitch Unger, Controller and Principal, The Lovett Group on July 24, 2023

a realistic operating budget that would not draw funds from the reserves so the board could start saving money

Departing Renter Balks at Condo Board’s COVID-19 Cleaning Fee

Yorkville, Manhattan

of money to clean a 650-square-foot apartment – and unnecessary when it’s been shown that surfaces

When Your Neighbors Don’t Pay Their Monthly Dues … UNABRIDGED

Magazine Article by Stephen M. Lasser on November 07, 2017

is a lien foreclosure; the second is through a money judgment action based on a breach of contract

When Crime Insurance Doesn’t Pay: The Importance of Reading the Fine Print UNABRIDGED

Magazine Article by Matthew Hall on January 01, 2016

.” A board member proceeded to steal money from the co-op. But in order for the co-op to collect, the policy

The Ongoing Battle Against Leaks UNABRIDGED

Magazine Article on March 01, 2003

a continuous leak, even on sunny days, points to a plumbing or heating problem. An intermittent leak suggests

Are You Insured Against Funds Being Stolen?

New York City

to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... member stole money (a bad recipe in a co-op that is self-managed). In another instance, a managing agent

Good Idea or Bad Idea? A Cap on NYC Tax Increases

New York City

for those who feel like they're bleeding money. Some suggest, however, that it may not be the optimal route ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant

Petition Drive Seeks Return of Rivington House Hospice

Lower East Side

, district manager of Community Board 3, “The CB did not ask for money to mitigate the loss of Rivington ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant

Major Legal Win for Condo Boards

Financial District

, there won’t be any money if the sponsor is insolvent. But this ruling makes it possible to go after ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

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

Source Guide

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