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Co-op and Condo Budgeting Is Not Fantasy Island

in maintenance or common charges to keep the two in balance. Next came the longer-term capital budget, which ... When setting their operating and capital budgets, boards should avoid wishful thinking and stick

No Pain, Big Gain for a Co-op’s Reserve Fund

White Plains, Westchester County

capital improvement we wanted to do, and go through the financials diligently, always keeping costs ... Longacre Gardens co-op managed to fund major capital projects without hitting shareholders

Trust Your Professionals – or Pay the Price

New York City

Co-op and condo boards need to listen to their professionals before tackling capital projects

How My Co-op Board Created a 10-Year Capital-Improvement Plan That Works

40-50 E. 10th Street, Greenwich Village, Manhattan

and attractive, two years ago the co-op board created a 10-year capital plan. ... How My Co-op Board Created a 10-Year Capital-Improvement Plan That Works

Short, Old, & Ignored UNABRIDGED

Magazine Article by Tom Soter on September 01, 2004

Capital repair laws are of concern to co-op and condo boards. One peculiarity of Local Law 11 ... .” Be Prepared Those who ignore capital repair issues do so at their own risk. Marc Landis, the co-op president

When a Stranger Calls: Too Many Transients UNABRIDGED

Magazine Article by Stuart Saft on October 01, 2015

the owners’ capital costs, and can make it difficult for owners to get financing. ... constantly move in and out, it deteriorates the building and can potentially increase the owners’ capital

Condo Borrowing UNABRIDGED

Magazine Article by Adam Finkelstein, Kagan Lubic Lepper Finkelstein & Gold on June 12, 2019

Before taking out a loan for capital improvements, condo boards need to check their bylaws ... money to make repairs and other capital improvements. The statute mirrored what was in many condominiums

Bids: The Sound of Apples to Apples UNABRIDGED

Magazine Article by Frank Lovece on May 01, 2015

and analyzing the results are the basis of a successful capital project. ... Your board has done its homework, and there’s nothing left to do except approve that capital

How to Get “Poetry” from Your Pros UNABRIDGED

Magazine Article by Ronald A. Sher on November 01, 2015

Don’t just rely on a contractor to handle your capital improvements – make sure your engineer

How to Be Part of the Architectural Process UNABRIDGED

Magazine Article by Oswald Bertolini on June 19, 2018

when taking on capital improvements.

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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

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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