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Management on the Front Lines: Future Concerns UNABRIDGED

Magazine Article on July 28, 2020

commercial spaces.   LevineA flip taxshouldn't be part of your operating budget because it's an unknown. It

Management on the Front Lines: Finance UNABRIDGED

Magazine Article on July 28, 2020

-related matters, and they’re using this to begin contemplating 2021 budgets. Drawing from nine roundtable ... are gearing up to prepare 2021 budgets.

Treasurer and Savior UNABRIDGED

Magazine Article by Bill Morris on July 28, 2020

maintenance increases and careful budgeting, the board righted the ship. After the mortgage was paid off

The Tax Rate Is Down, Property Taxes Are Not UNABRIDGED

Magazine Article by Kathryn Farrell on July 28, 2020

Property taxes make up a huge chunk of every co-op's budget, so boards pay close attention
Green Ideas How NYC co-ops/condos save energy Energy is one budget item that NYC co-ops and condos
on with a higher charge next year or an assessment to make up any budget shortfall,” says Lisa Smith, a partner
to the financially strapped city, which covers more than half of its annual budget with taxes generated by the real
Most of a co-op’s or condo’s budget – roughly 80% – is eaten up by fixed costs, such items
and keep the budget balanced. But what if residents push back?  “The most important thing a board can do
might demand an ancillary fee – either a percentage of the project’s budget or an hourly fee. Khandros

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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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