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Re: Maintaining / Increasing value

and tips.. thanks... Another good rule of thumb is to budget about .75 cents per foot per year

Management Screwup

statements, treasurer reports and/or annual budgets. If you haven't done so already you may want to request

Get a copy of latest financials first

insurance, paying the CPA to do financials and mgt fee/legal fees would be 100% eaten up on a $23,800 budget

-maintenance-increase

them release financial statements, reports and budget, tax return....and justify the increase???

No Lend List

as well as last 2-3 years financials and budgets, prospectus and amendments. Maybe a real estate broker

shareholder selling shares

in this area is expensive, we all know, but we have a fiduciary duty to create an operating budget that can pay

Re: "Normal" Coop Financials

arithmetic that maintenance needs to be $Y per share to balance our budget." Especially given the current

Re: 2005 financials

to meet our budget (the boiler and a steam pipe burst this winter) ALTHOUGH, they wasted our reserve money

Re: Board disagreement over assessment

First, read or review your By-Laws regarding the power of the board to fix the budget and any

Convincing the board

never mind devilish idea. When budget time comes, try to convince the board to put a discretionary

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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

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