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to happen when the co-op needs more money beyond this?” Halper says. “They're not going to be able to borrow
, founder of Aurora Energy Advisors. “They’re all pitching: ‘I can save you money.’ Boards should have
involving a “grand scheme.” He notes: “We got some money back from real estate taxes, and refinanced
-op’s success. The money has allowed the board to tackle some major capital projects. Despite all
money for themselves or to get a discount on their own groceries. Monica Warren, the Farmigo organizer
actually requiring that for any except a tiny sliver of HDFC co-ops. Will moneyed buyers inevitably buy
boards are reasonable and understand that time equals money,” he says. “When a management firm feels it
making the building more energy efficient and also saving money for our unit-owners.” The clock
director at Urban Green Council. “Virtually every building we looked at has the opportunity to save money
,000 annually, Park Terrace would recoup its investment in as little as three years. After that, it was money

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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