ARCHIVE SEARCH RESULTS

Boards must balance the need to minimize costs with their fiduciary duties to keep the building in good repair, and must rely on professionals to navigate the complex regulatory landscape and budget accordingly. (Print: Budgets: Facing the Facts)

Escrow accounts can help co-op and condo boards manage cash flow by setting aside funds for predictable expenses, while open communication between the board and management company is essential for effective financial management. (Print: Why Cash Flow Is King)

Building budgets consist of operations, capital projects, and a wish list. Proactive planning, transparent communication, and understanding community needs are crucial for financial success.

Cleaning up a co‑op’s money mess.

Note to boards: brace yourself for rising energy costs.

Boards are facing the challenge of choosing between Climate Mobilization Act fines and energy upgrades.

Maintenance increases aren't popular, but are an essential board tool.

Prioritizing costs over quality can mean a higher bill in the long run.

It pays to do multiple repairs or projects at once.

An overwhelming amount of legislation may be on the way for co-ops and condos.