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A Commercial Condo Conundrum UNABRIDGED

Magazine Article by Ira Meister on July 30, 2019

of their operating budget. We try to project costs years in advance, which allows them to set aside the right amount

Fantasy Budgets Are the Bane of Managers UNABRIDGED

Magazine Article by Paul Brensilber on July 30, 2019

Keeping budgets within the realm of reality can make everyone's job easier. ... What, in your experience, is the biggest mistake boards make when they draw up their budgets ... Budgets ... Fantasy Budgets Are the Bane of Managers

Explain Yourself UNABRIDGED

Magazine Article by Steven Greenbaum on July 30, 2019

like to do it around the budget season, so sometime around mid-November to early December. We let

Time for a Reality Check UNABRIDGED

Magazine Article by Leslie Winkler on July 30, 2019

that eat up to 90 percent of your budget, which you have no control over. So the prudent board should try

Minding the Bottom Line UNABRIDGED

Magazine Article by Daniel J. Wollman on July 30, 2019

and developed a budget for 2019, which also included a fairly sizable increase in common charges, and that

Trouble Can Be an Enticing Challenge to a Manager UNABRIDGED

Magazine Article by Robert Ferrara on July 29, 2019

, we worked with one oil company to get a budget payment plan in place, and then we were able to lock ... Two fixes are a realistic budget and a healthy reserve fund.

Navigating the Condo Lending Minefield UNABRIDGED

Magazine Article by Leni Morrison Cummins on July 29, 2019

will be crossed. Budget requirements. With the exception of condominiums with four units or fewer, boards must

Smart Ways to Finance Energy Projects

New York City

building will face in 2030 (if it doesn’t meet its emissions budget) in all your financial calculations ... Green Ideas How NYC co-ops/condos save energy Energy is one budget item that NYC co-ops and condos

How to Keep a Condo Association Tax-Free

New York City

association under the tax code. This means that any budget surpluses may be taxed just ... Budget surpluses can be taxed, so condo boards should avoid them. ... A budget surplus in a condo is treated as taxable income. Avoid when possible.

A Flurry of Luxury Condo Sales on Eve of Tax Hikes

New York City

in the state budget passed in April to raise money for New York City’s stressed mass transit system. As Crain

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

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

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