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The Transparency Equation: 128 Instead of 1

Forest Hills

with shareholders, we should explain the budget, especially any increases. We have what's technically

City Council Wants to Revive Tax Rebates for Co-ops and Condos

Park Slope, Brooklyn

is right since Adams’ $98.5 billion preliminary budget for fiscal 2023 would increase budget reserves to $6

Insuring Wooden-Frame Co-ops and Condos Is More Expensive Than Ever

Long Island

.” In years past, Cole advised her co-op and condo board clients to budget for 5% to 10% increases in annual

Manager Signing Checks

funds, etc) monthly opening and closing balances, a breakdown by budget category and item of income

Proprietary lease

paid, build a true reserve, run a balanced budget, etc. the disgruntled ones find things everyday

Confiscation of abatements

their hands before they had to pay for the repairs, and budgets that have to be increased yearly because

Roof repair

to this recommendation by the architect?What was your initial budget and final monetary expense after all was said

Financial Statement vs Monthly Report

With a budget of over $44M, the monthly report for your Co-op is probably huge. It is also a very

Assessments for us are a yearly event

event, residents can plan budgets accordingly (in our case) for years to come.

Windows and heating

fairly quickly if you plan ahead with the window vendor and shareholders. Budget for ALL the work. You

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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!

Sprinkle system for insurance?

Pooh Dec 23, 2024

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

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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