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Challenges Associated with Mixed-Use Condominiums

New York City

of budget allocations from the original offering plan, especially when additional budget items are included

Re: Co-op/condo abatement

No, it's not considered bad planning to budget for the total tax (including the abatement

The truth about the "Fannie Mae Rule"

is dumb. It states that the association a] must have a budget line item for reserve funds contribution

Increase not always feasible

terrible about living on a budget and curtailing certain luxuries if it cannot be afforded. That is sound

facts - real estate taxes 2011

with excellent market conditions. . Late in June, when it adopted the budget, the City set a tax rate of 13

Reserves

be used in income projections (i.e. the budget). Yes, the accountant records flip tax income, but only

Sponsosr presence

be consulted first in order to have an assessment or to increase the maintenance based on the annual budget

My two cents...

member, specially a treasurer to ask for re-classificaiton of an invoice for budget tracking purposes

Remortgage

? If so, ask the Board member if flip tax revenue is part of the budget. It shouldn’t be since apartment

Maintenance raise

-going issue (like a budget deficit caused simply by rising prices (in RE Taxes, wages, etc...), the "temporary

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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

Source Guide

see the guide

HABITAT

RESULTS FOR [BUDGET]