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When Boards and Managers Divorce

upon.” And time, as we all know, is money. John Wolf, president of the management firm Alexander Wolf ... Money isn’t the only source of irreconcilable differences.

Problem Solved: Turning Aging Infrastructure Into Cost-Efficient Systems

Upper East Side, Manhattan

The challenges kept coming with old systems that hemorrhaged money.

No Sweat: Paying for an AC Overhaul

Upper East Side

New system saves money and energy at the Newport East.

Building Operations

care, maintenance, and money to pay for the upkeep. The goal, though, is not to make a profit

Legal/Financial

's a question of how to raise more money, how to deal with angry owners, or the best ways to work

A Co-op Consolidates – and Protects – Its Reserve Fund

Jackson Heights, Queens

to pay attention to all these accounts.” Dunolly Gardens has to keep a lot of money on reserve ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... Ultra Money Market account allows board to park money in one place, worry free. ... Ultra Money Market account allows co-op board to park multi-million-dollar reserves in one bank

Put That Budget Surplus to Work

New York City

Having too much money is a problem most co-op and condo boards would love to have. But it ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... Extra money should be parked in the reserve fund for future capital projects. ... Co-op and condo boards with a budget surplus should earmark the money for future capital projects.

Condo Owners Win Lawsuit Over Construction Defects

Financial District, Manhattan

the building was completed. But their efforts to recoup money ran up against the 2013 ruling that said condo ... Ruling gives boards broader power to recoup money from sponsors and investors. ... An appeals court has ruled that condo boards can collect money from investors for construction

The Owner's Rep Who Doubled as a Design Consultant

Chelsea, Manhattan

When co-op and condo boards tackle capital projects, they always hope to get their money’s worth ... Chelsea condo board got its money’s worth on an interior renovation job.

When a Second Opinion Is Second to None

New York City

check valves or a new recirculating pump. The plumber’s $680 “solution” was a waste of money ... Reliable advice can save big money on building repairs. ... A second opinion – from a reliable source – can save boards big money on building repairs.

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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!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 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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