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Co-op's Budget Strained by Water Damage and Embassy Dispute UNABRIDGED

Magazine Article by Aaron Weber, Property Manager, Weber Realty Management on August 01, 2024

in the boiler room, and the repairs had escalated to six figures, stretching the building’s budget. Reserve ... Co-op's Budget Strained by Water Damage and Embassy Dispute

Penn South Disputes Hoarders Are Primary Cause of Budget Overrun

Penn South, Chelsea, Manhattan

and air conditioning) project, initially budgeted at roughly $100 million, that involves plumbing ... Penn South Disputes Hoarders Are Primary Cause of Budget Overrun

Co-op and Condo Insurance Forecast: Budget 20% More for 2024

New York City

appear to have leveled off, that does not mean I would budget a lower amount or even a flat renewal ... Co-op and Condo Insurance Forecast: Budget 20% More for 2024

It Takes Experience to Do Terra Cotta Work on Budget and on Time

New York City

It Takes Experience to Do Terra Cotta Work on Budget and on Time

Covering Your Taxes UNABRIDGED

Magazine Article by Armin Radoncic, Principal, Venture NY Property Management on August 24, 2023

annual budget. It’s now mandatory that we give it to them. One of the challenging items to budget ... Co-ops with underlying mortgages must share annual budgets with lenders. Property taxes, up to 50

How Project Planning Works UNABRIDGED

Magazine Article by Joakim Aspegren on June 19, 2018

When undertaking a capital improvement project, money spent up front on developing budgets ... . It would be wise to verify a firm’s budgeting capabilities before engaging it for a capital improvement

Allocations for Mixed-Use Condominiums UNABRIDGED

Magazine Article by Howard Schechter, Partner, Armstrong Teasdale on January 08, 2024

charges payable by each section. Some point to the budget contained in the offering plan and specify ... arise over common charges, often due to budget discrepancies and special allocations. Proper budgeting

Feeding the Reserves UNABRIDGED

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

. It sends a message about board planning, available resources and budgeting capabilities. We recently took ... , budgeting capabilities, and available resources. A depleted reserve fund and an unbalanced budget indicate

A Tax Overhaul Plan Co-ops and Condos Will Love

New York City

-maligned property tax system adopts a new recommendation from the independent fiscal monitor Citizens Budget ... Citizens Budget Commission proposes pegging assessments to market value. ... The Citizens Budget Commission has come up with a property-tax overhaul proposal that would

Read de Blasio’s Lips: No Hike in Property Taxes

New York City

As city and state governments scramble to close budget gaps brought on by declining tax revenues ... Though the city faces a severe budget shortfall, Mayor Bill de Blasio has vowed

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Board Talk

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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

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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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