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Ducks in order?

needs are. In instances where the co-op may be seeking additional money in order to make capital

What do you plan to accomplish?

your current equity for, e.g., capital investment and you are going to request above and beyond your

Improvements

have had a small maint increase (1% to 2%). And we've been able to complete some significant capital

corrupted boards

, are they given the bills? 2) what about capital improvements, roof, garage, lobby - try contracts to begin

We elected to forgo the more visible conversion firms

responsibilities in funding capital improvements. The firm we are employing is: Arilex Realty Corp 1000 Portside

In our co-op (NJ) -- no renting allowed

not shirked our responsibility to fund capital improvements.) We have learned in NJ as a condo association

Quick note re: reserves

, parking, etc.) Our capital reserves at year end are typically $500,000. So with 500 units, we have $1

Our reserve funds

capital improvements. In addition, we have a line of credit. We have a “standard” capital

BP amount in reserves

in special account for that - I also agree that it is better to reserve for capital improvement than borrow

Amount in reserve

an amount in reserve equal to the expected cost of upcoming capital projects. He views the 2-3 months

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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!

Sprinkle system for insurance?

Pooh Dec 23, 2024

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

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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