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upgrade, consider the financial aspect. When the board is spending money to constantly repair ... apartment buildings, are bricks and mortar. They need care, maintenance, and money to pay for the upkeep ... When a co-op or condo board is spending money to constantly repair the elevators, it's time
extra costs for their services. It’s not money down the drain. It’s money well spent. ... apartment buildings, are bricks and mortar. They need care, maintenance, and money to pay for the upkeep ... to pay for the work. Should you award contracts before taking out the loan? Or should you get the money
decide refinancing is not for your co-op, there are other ways to raise money for needed capital ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... the roof, or do major facade work. What’s the best way to raise the money? Co-op boards that decide
Know your dough. A co-op or condo's income stream — the flow of money from fees levied from ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... What would you do if your building didn't have enough money to pay its mortgage, payroll, fuel
the money. The leaks got so bad residents were unable to obtain insurance at a reasonable cost ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... over and over again — costing the hapless residents time and money. Is this just bad luck or something
money for overdue repairs. At the time, the association was dominated by a president who had been ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... over a disputed $1.2 million exterior repair job. Loath to spend time and money on a lawsuit, the seven
to get at the money — i.e., liquidity — if unexpected expenses arise. Since its inception in the late ... to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ... it is a problem since, even though you have thousands in reserves, you can't immediately get at your money. Why
An income stream is the flow of money from tenant-owners for maintenance or common charges ... to be solved. Whether it's a question of how to raise more money, how to deal with angry owners, or the best ... What would you do if your building didn't have enough money to pay its mortgage, payroll or fuel
Since 1997, though, condominiums have been able to borrow money for repairs and capital ... to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant ... Special assessments are the traditional vehicle through which condominiums have raised money
-op," he notes. "They need to know how much money is outstanding. It's more than just mechanics and i ... 's a question of how to raise more money, how to deal with angry owners, or the best ways to work ... the money, the board is willing to sign off on it without looking at the financials. Considering the shaky

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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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