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New York City Boards Face Financial Challenges as LL97 Carbon Caps Tighten UNABRIDGED

Magazine Article by Gustavo Rusconi, Vice President and Director of Management, Argo Real Estate on September 05, 2024

upgrades. “You need to make sure that every year, you’re putting money in the reserve fund, knowing

Boards Face Dilemma: Minimize Fees or Meet Fiduciary Duties UNABRIDGED

Magazine Article by Daniel Wollman, CEO, Gumley Haft on September 05, 2024

didn’t have the money to do that. And then we developed what we thought was an appropriate, accurate

Preventive Measures: How a Co-Op Avoided a Gas Shutdown UNABRIDGED

Magazine Article by A.J. Rexhepi, CEO, Century Management on September 05, 2024

, it was to Band-Aid things and keep costs low. In the ’90s, money got cheaper,” so buildings could more easily do

Annual Meeting Notice: How to Strike the Right Balance UNABRIDGED

Magazine Article by Greg Finger, Vice President and Director of Property Management, Finger Management on September 05, 2024

they were going to have to pay more money. So we did not have a quorum, and we had to reschedule the annual

Budgeting for Building Repairs: A Challenge for NYC Co-ops and Condos UNABRIDGED

Magazine Article by Armin Radoncic, Managing Partner, Venture NY Property Management on September 05, 2024

or three years, we won’t have to tap into the money from the refinance. The shareholders were thrilled

Condo Boards Are Being Shortchanged by Commercial Unit Owners UNABRIDGED

Magazine Article by Greg Poverelli, Senior Property Manager, Harlem Property Management on September 05, 2024

talking about significant money here,” Poverelli says. “At the end of the day, it’s incumbent upon boards

Building Insurance Premiums Soar, Causing Financial Hardship for Residents UNABRIDGED

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

money to pay for the policy, the co-op imposed an assessment last summer. That was punishing enough

Capital Project Surprises: How to Deal with Unexpected Costs UNABRIDGED

Magazine Article by Ira Meister, President, Matthew Adam Properties on September 05, 2024

Raising money for capital projects is always a complicated process, and it can get doubly sticky

Imperial Sanford Building Cuts Costs and Meets Local Law 97 with Renovations and Fuel Switch UNABRIDGED

Magazine Article by Evangelos Fantakos, CEO, Highrise Property Management on September 05, 2024

might be able to save money. “Do you have a dual-fuel system where you have oil and gas?” he says. “That

Strategic Capital Planning and Communication: Essential for Building Maintenance Compliance UNABRIDGED

Magazine Article by Andre Kaplan, CFO, Orsid New York on September 05, 2024

going to the shareholders because it needed to raise a lot of money and needed some of it fairly quickly

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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

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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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