New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

HABITAT

RESULTS FOR [SUNNY MONEY]

Search Habitat Magazine

Sort by: Relevance | Most Recent

accounting practices). Your accountant will not permit it. Therefore, income from flip taxes is extra money
? What is the money that you expect to collect that will add significantly to your coffers. (3) Bad
for projects you'll have to do in, say, 3 to 5 years can be invested and accrue additional money in interest
the money is going. I say: You don't control where the money goes now! What will change?" You're exactly
or enacting a fee on the sale of shares. It's a hedge against rising costs and a good way to raise money (in
is is another way to garner money that can disappear - and flip taxes really should not be used to supplement
excuse after another: They say: They don't want a flip tax because they want to control where the money
expenditures. Lack of budgeting know-how and money squandering is mismanagement. Anyway ,I still feel
There are plenty of ways to raise money in a co-op. Just because there's a flip tax, it doesn
to the money they put into the building for a new boiler, updated lobby etc. How? When the guy down the hall

Ask the Experts

learn more

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

Source Guide

see the guide

Looking for a vendor?