Buildings can bolster their reserve fund by incrementally increasing maintenance or common charges and transferring the extra amount to a separate reserve account. Transparent communication is crucial for this strategy's success.
HABITAT
Showing articles 1 to 10 of 30 results
returned by “Reserve Funds”
Back to Archive
-
ArticleTopicsColumn TypeIssue
-
Reserves To Spare
-
Feeding the Reserves
The reserve fund of a co-op or condo reveals important information about the board's planning, budgeting capabilities, and available resources. A depleted reserve fund and an unbalanced budget indicate significant financial challenges.
-
Feeding the Reserves
How three co-ops used two tried-and-true methods to fill out their reserves.
-
Saving Money for a Gas Leak
Be ready for the unexpected – and bulk up your reserve account.
-
Leading the Way: Board President Russell Raman, 230 E. 50th St.
An important task for boards is building a strong and healthy reserve fund – even if the methods are unpopular.
-
Leading the Way: Board Secretary Mary Kerr, 427 St. Johns Pl.
What happens when your management company absconds with your reserve fund?
-
A Co-op Consolidates – and Protects – Its Reserve Fund
An Ultra Money Market bank account offers co-op and condo boards FDIC insurance beyond $50,000.
-
Trouble Can Be an Enticing Challenge to a Manager
Two fixes are a realistic budget and a healthy reserve fund.
-
How to Use a Reserve Study
A reserve study is a budgeting tool that can help boards plan for building system replacements.
-
Your Dream Come True Could Turn Into a Nightmare
Not raising maintenance over the long term is not always something to boast about.
Ask the Experts
learn moreLearn 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
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!