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board member buying unsold shares from the orig purchaser, not from sponsor

. This board member, who didnt have the money for over 10 years to purchase his apartment, propritary lease

Reply to Steve

and the spending down of our reserve fund will hopefully come up at the meeting. As to making money on passes

Empty apt - what to do?

anything's better than paying maintenance on an empty apt - sell and get a nice chunk of money, or sublet

Financial Reporting

real progress changes like saving money in the reserve fund, making infrastructure improvements vs

Why not kick him too?

, handyman or some other employee extra money for doing something well... next time, he will not go out

Reserves

in a corporation's planning. You point out: "The money that you receive through flip tax is accounted by way

How a flip tax is used

There are plenty of ways to raise money in a co-op. Just because there's a flip tax, it doesn

Board member unilateral decision

of them are too busy making money for themselve and their family rather than tackle the issues affecting

Reply to Allan re: financials

Miscellaneous". It includes items like phones, messengers, printing/postage. Money may be spent unnecessarily

What is the role of the president?

of money, although in emergency situations and run of the mill issues, he/she will be approving routine

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Board Talk

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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

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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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