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The Seven Steps After You've Read the Monthly Management Report

New York City

statements, actual spending versus the planned budget, payables, cash balances, and arrears. Additionally

Why Property Tax Reform Keeps Stalling

New York City

,000 in the 2015 budget for two task forces to study taxes (property taxes and commercial tax expenditures). So far

Century-Old Park Avenue Co-op Gets a Facelift for the Ages

Carnegie Hill, Manhattan

or maintenance increase — because the co-op’s robust reserve fund is fed by budget surpluses and a 2% flip tax

Co-op and Condo Insurance Costs Will Continue to Rise

New York City

market conditions, I recommend that boards budget for 15% to 20% increases in insurance premiums

Problem Solved: Cleaning Up a Co-op’s Financial Mess

New York City

with not presenting monthly financial reports. Bleeding the budget. The attorney finally got in touch with the bank

Bronx Co-op Getting a Boost From the Inflation Reduction Act

Pelham Parkway, The Bronx

-op board was to provide a roof replacement budget of $129,000, and with the IRA improvements we negotiated

Directors and Officers Insurance Premiums Are Going Up

New York City

to increase by more than 10 percent. However, most co-op and condo budgets are drawn up in October, before

Co-op Board Undertakes “the Facade Renovation of the Future”

Upper East Side, Manhattan

pretty much sealed the deal.” The proposed budget for the rainscreen system came in at a whopping $45

Fannie Mae Tightens Rules for Lenders in Wake of Condo Collapse

New York City

operating budget in reserve. “Reserve studies are an important tool to help HOAs plan for future needs

The Accountant Who Became a Property Manager

Little Neck, Queens

, doing budgets for co-ops, condos, and rentals. Weber became a property manager almost by serendipity

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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!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 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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