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Financial Dilemma: Condo Repairs Delayed, Residents Forced to Evacuate UNABRIDGED

Magazine Article by Carol Ott on May 03, 2024

the condo to create a line item in its budget specifically dedicated to paying back the loan

Delayed Repairs and Financial Dilemma: A Condo's Worst-Case Scenario UNABRIDGED

Magazine Article by Carol Ott on May 07, 2024

-term assessment to fund the loan. Cesarano says the lender wanted the condo to create a line item in its budget

Hillcrest Park Condo Faces $5M Loss and Soaring Insurance Costs After Building Disaster UNABRIDGED

Magazine Article by Robert Ferrara, President, Ferrara Management Group on August 02, 2024

they won’t wreak havoc on your building’s budget. Another is to make sure there are working smoke detectors

Update Your Building's Governing Documents or Risk Losing Value UNABRIDGED

Magazine Article by Neil Davidowitz, President, Orsid New York on August 02, 2024

Boards have a lot on their plates, from local law compliance and capital projects to budgets

Building Insurance Premiums Soar, Causing Financial Hardship for Residents UNABRIDGED

Magazine Article by Vik Shingwani, Property Manager, First Management Corporation on September 05, 2024

Increases in insurance premiums are continuing to strain building budgets. That’s especially true

Building Violations: How to Avoid Financial Consequences and Reputation Damage UNABRIDGED

Magazine Article by Brandon James, Partner, Borah, Goldstein, Altschuler, Nahins & Goidel on November 27, 2024

— equivalent to roughly 18 months of their annual budget. This massive liability not only affected the building

Borrowing for Capital Work UNABRIDGED

Magazine Article by Ruth Ford on December 01, 2006

the loan was even applied for, “we sat down with a budget and reviewed all the administrative and operating

Back to School UNABRIDGED

Magazine Article by Ruth Ford on January 01, 2005

maintenance, and being conversant on tax-related issues, insurance-related issues, budgeting.” With so many

Heating Plant Upgrades UNABRIDGED

Magazine Article by Rand Engineering on March 01, 2004

, as a backup measure, if budget allows, building owners will replace one large boiler (even if equipped

Le Havre’s $35 Million Makeover UNABRIDGED

Magazine Article by Alan Saly on April 01, 2008

budget is far below normal, you have 32 buildings leaking and falling apart, and there’s not a cent

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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

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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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