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to get their money back. And often it’s a chain reaction: ‘Oh, I hear that this person was discriminated
of the most effectively governed. There is harmony in the community and money in the bank.”  Admittedly
pushback from residents who were not keen to spend the money and believed no one will ever do it,” says
and hot water, saving energy and money while providing power back-up in an emergency. “It’ll offer payback
the right to question whether the return on their money is adequate for the amount they’re being assessed
and how much money was being spent.” Because maintenance was too low to cover operating expenses, the co
, explaining the board’s thinking behind such a ploy, “it costs a lot of money and takes a lot of time
instance,” says Cardoso, “some of the old timers did not want us spending money improving the
. That’s a short decade to find the money, to figure out what to do, and then to implement the changes so
million went down to about $ 2.7 million, and that doesn’t even include the money they will save

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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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