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major window repairs and replacements over the next five years, and will be budgeting for the expense
and the current year; a maintenance roll; a list of arrears; next year's budget; recent sales; and the number
on resale prices, giving it a $20,000 budget but no direction. "In hindsight, we could have handled it a lot
Obviously, boards should establish and monitor an operating and capital budget. But you also need
& Condominiums, on everything from budgets to hiring a lawyer to landlord-tenant relations. Within three years
accountant can help to develop a financial plan and a post-refinancing budget. Your managing agent knows
and looks presentable, set a budget and discuss it with the elevator consultant to find a solution
them know we're buying patio furniture for the courtyard. We don't include discussions on the budget
, the budget for uniforms will have cyclical peaks and eddies. "I'd say every three or four years [you replace
for boards: At the beginning of each budget cycle, check all amenities. One of the difficulties we had

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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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