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"Fannie Mae Rule" much more lenient for co-ops

You're correct. Re co-ops, on p. 585-6 you'll find: "The project’s operating budget must

co-op refi

, fuel and salaries are the big budget items. Can't do much about the other 3 in a significant way

ted: creative thinking is a good thing AND

does what I described - assesses when the annual operating cost does not meet budget - it does seem

Save the raise...

benefits that are mutually beneficial to both the super and the buildings budget and bottom line

Management Companies

for an agent that specializes in small buildings and the related issues of budgets, expenses, maintenance

Co Op Board/Managing Agent who is also a sponsor

question it. I review the finances and compare our projected budget to actuals. I look for areas where we

Water Bills

and to budget it out on installments so that it would be less of a burden on the Board. Finding a new company

Condo maintenance increase

raised maintenance from $280 to $2000 a month without meeting, proposed budget or any explanation. I

Flip Tax

expenditures. Lack of budgeting know-how and money squandering is mismanagement. Anyway ,I still feel

RE Oil Lock In

heating oil process. If we can realize the savings from the heating budget for the remaining 09 year

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Board Talk

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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

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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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