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maintenance paid back, not an entire home loan, Mannion says. The shareholder gets whatever money from
the apartment itself, flipped it and made money for the building. (See "Right of First Refusal: Flipping a Below
the building's "precious artifact" to its original glory ran into a pair of common obstacles: a lack of money
. 3. Do the numbers assume a percentage of sunny days? Do you use typical numbers or use a precedent
energy investments have a positive economic payback," says Schofield. "You spend money to make money
revenue (kicking in at the start of the new term). This money allowed the condo board the freedom
to confirm that the checking, savings, money market, and investment account balances that the co-op reported
can you do? Everybody has rats.’ One board member even said to me, ‘I’m not going to spend the money
the message: he was history. We didn’t pay the extra money and we never saw the little man again. We also got

Sun City UNABRIDGED

Magazine Article by Carol J. Ott on September 01, 2008

lighting. “We spent a lot of money during the first renovations but didn’t have enough to improve

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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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