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in a corporation's planning. You point out: "The money that you receive through flip tax is accounted by way
. But notice the difference: money (whether from the laundry machines, insurance settlements or a flip tax
major problems regarding where our money goes - However, if you have already received income during
as extra money that can go to reducing the amount shareholders have to be charged for a new roof
in the past and most of the time I raised maintenance proportionately and then returned that money (in your
If you are on an accrual basis, it's money earned, not collected. If you are on a cash basis
and you'll save yourself and your board a lot of time, energy, aggravation, and maybe money. I know from
as extra money that can go to reducing the amount shareholders have to be charged for a new roof
to garner money that can disappear" If you believe you have money disappearing, you need to spread the word
always going into their pockets for extra money. There have to be other ways to generate revenue other

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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