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Make Your Co-op Approved for Lending UNABRIDGED

Magazine Article by Theresa Racht, Partner, Theresa Racht on November 03, 2016

’ve got a balanced budget; whether you are adding money to reserves for capital improvements; whether you

When Chuck Went Amok UNABRIDGED

Magazine Article by Tom Soter on April 23, 2019

 drywall and painting. “All of those costs will come out of the operating budget and not the reserve fund

Crafting a Year-End Checkup UNABRIDGED

Magazine Article by Mary Federico on December 17, 2021

to pay the elevator assessment and for the project to come in on time and within budget. Your goals

Coming Back from Corruption UNABRIDGED

Magazine Article by Aaron Weber, Property Manager, Weber Realty Management on August 19, 2021

with the board and came up with a budget. We’re doing a 5% assessment for the next three years, which will allow

New Gas Piping, Wages, and Energy Legislation Will Add to Co-op and Condo Board Responsibilities UNABRIDGED

Magazine Article by William McCracken on January 28, 2022

, expanded gas-piping inspections, new restrictions on gas installations, co-op budgeting requirements and co
. In 2015 we did a facade restoration that ended up going nearly 50% over budget, from $400,000 to $700

The Right Way to Bear Bad News UNABRIDGED

Magazine Article by Mary Federico on August 24, 2023

to go over schedule and budget. But they probably don’t know or fully appreciate the complexities

Procrastination Never Pays UNABRIDGED

Magazine Article by Dawn Dickstein, President, MD Squared Property Group on August 24, 2023

a year to refinance, but now we’ve got a break-even budget for 2023, and the objective is to have a break

Boosting Teamwork: Strategies for Effective Board Operations UNABRIDGED

Magazine Article by Mary Federico on July 31, 2024

, manage the budget, and communicate with residents. Your managing agent and resident manager may

Condo Boards Are Being Shortchanged by Commercial Unit Owners UNABRIDGED

Magazine Article by Greg Poverelli, Senior Property Manager, Harlem Property Management on September 05, 2024

that have commercial units, rent can be a significant source of revenue for the building’s operating budget

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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