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it as a way to ring in extra money for the co-op necessarily. Obviously we want to recover whatever we
and several other factors, this could cost a lot of money. • Convert to Gas-Only. As above with No. 6 oil
to raise more money, how to deal with angry owners, or the best ways to work with a building's accountant
said, “you have to tighten your belt. This meeting is costing us a lot of money. Do we really need

Board Recall UNABRIDGED

Magazine Article by Tom Soter on April 01, 2011

members improperly spend $21,000 of the co-op’s money on an attorney without the full board’s knowledge

Saved by the Soybean? UNABRIDGED

Magazine Article by Frank Lovece on April 01, 2011

The co-op at 308 East 79th Street switched to biofuel heating oil and is now saving money ... immediately we were able to go to every other month. So, we saved money right away. It makes our accountant

Oil in the Family UNABRIDGED

Magazine Article by Tom Sahagian on April 01, 2011

you have now and several other factors, this could cost a lot of money.   • Convert to Gas

Winning the Energy Lotto UNABRIDGED

Magazine Article by Jennifer V. Hughes on April 01, 2011

things that the building can pursue in the medium to longer term.” One money-saving measure is a so

Spin Control UNABRIDGED

Magazine Article by Bill Morris on April 01, 2011

much money from the laundry contractor, who frequently has a guaranteed minimum income written

Board Talk: A Conversation About Reserve Accounts UNABRIDGED

Magazine Article on April 01, 2011

in reserves, which is by far not enough. You should have enough money in your reserves to cover emergencies ... What is an acceptable amount of money to maintain in your reserve account?

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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