Subscribe for Daily Updates!
Better laundry service? - BP Mar 16, 2007


We have a 7-yr contract with NYC's largest laundry company. We don't like being locked into them, altho people say they can give us more than a small company could. But service is poor and we never get straight answers on anything. Also, they collect money from machines every month. They say they can't count it on site. We have to take their word on how much they collect and it's always in their favor. We always wind up owing them money.

Our contract expires in December. With a new contract we get new machines and the usual perks (painting, new sink, etc.) We want to explore alternatives. Any recommendations for other companies? Thanks.


> Join the conversation Comments (2)


We covered this topic a while back. Please check the archieves. Best of luck.

FN.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


you can. maximum water usage efficiency, etc.
try Herculeus - and you CAN bargian. Nothing is set in stone.
Also, get them to renovate your laundry room before installing their machines. and you can ask for a intro. fee up front of about $5000.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


as water usage. People in the coin laundry business will tell you that dryers are almost a loss leader adn the dryer the clothes are going in the less time they will be used


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


that is what I am advocating for our next move. A friend that is president of her broad said they did this with hgreat success.

If you own the machines you can change service contracts much more easily if the service is bad. you are also much more likely tot get the high efficiency washing machines. in the laundry business the money is in the washers because dryers are so inefficient but the good washing machines are more expensive and service companies are reluctant to put them in because of the initial cost and they don't usually care sine they don't pay for energy costs


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
Chemical sprays - Shareholders Mar 12, 2007


Some chemical substances are being sprayed in to two apartments by the tenant who lives in between them. There were numerous calls to the Police Precinct, NYC Health Hazard Department, and so on.
All the wholes were sealed with glue and caulking, but it saturates through the hollow walls behind the closet door frames, floor crease, even though it is sealed!
It is just unbearable to be in the apartment – the smell lingers in the apartment, causing coughing, choking, burning eyes, disorientation and headache; even if the odor has gone, the cause is still there for hours.

The violator of the House Rules and Regulations has been warned that her lease will not be renewed if she continues doing it – nothing seems can stop her.

How do we protect ourselves from a hooligan like this?
Please help.
Thank you.



> Join the conversation Comments (5)


Sorry - typo - "all the wholes" should be "all the HOLES"
Thank you.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


Does the tenant who resides in between the two apartments have some kind of mental illness or can you reach out the other family members to see about them talking to him/her? How old is this tenant?


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Under 30, she has been approached in person and through e-mail in a nice manner - no results.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


It seems to me that you need 3 things:

1) Actual proof that the tenant is spraying chemicals into walls. If you can prove it is a willful, malicious act, it constitutes "objectionable conduct."

2) A solid paper trail of letters/e-mails to the tenant and the sponsor to show that you have tried to get the tenant to stop spraying + letters from residents complaining about this activity. Words mean nothing, especially if you had to take this to court. You need documentation in writing.

3) Advice from your co-op's attorney.

If the spraying is so offensive, you have to take action. Also, if this person is a renter in a sponsor's unit, you should throw this in the sponsor's lap. It should be his responsibility to make the renter stop spraying or to get the renter out if necessary. Your attorney should advise you on how to proceed with the sponsor on this.

If you want to resolve this, you have to be able to support your claims, be prepared to do something about it -- and do it. Otherwise, your only alternative is to live with it.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Thank you.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


Verbal warnings are useless. Shareholders shall complain in writing. Your Board must start with Legal Notice sent to this person by your legal counsel, stating that person is in default for violation of Proprietary Lease and House Rules, with 30 (or whatever is in your documents) days to cure. If you have fines in your documents, Board can apply fines. If it's not cured, lease will be terminated (see your coop documents). It will take some time, but there is nothing special in this procedure.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Shareholders did complain numerous times, it was discussed by the Board, no decision or action is taken by the Board. The tenant in question is a renter (sponsor's apartment). And it is going on for almost a year, but nothing is being done.
No warning letters, no fines...


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


You really have my pity but the boards silence makes me wonder if perhaps all this ia imagination. Why will the other persecuted person not support you with his letters.
How many on your board? Someone should help you, it seems critical.If your rank is high you should have power.




Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Her letters were also submitted to the Management Company and the Board


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Once again,why does the odor not affect the resident who sprays it (coughing,sneezing,headaches)

FN


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


If the odor is so bad (not that I am questioning you). Does the individual that sprays these chemicals have to wear some form of hazmat? protective clothing. These odors and the damage they are causing would certainly effect them as well. Coughing,sneezing, headaches, etc. Or are they immuned to such.

Fat Nickie


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


She is administering it through the punched holes in the hollow walls which can be patched so odor does not go into her place. This explanation was given to us by one of the police officers called in.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


I have a few questions. What kind of "chemical substances" are being sprayed? Why is the tenant spraying them into two neighboring units - and do you know for a fact that he is spraying them into the units on purpose or is he using them in his own unit and the odor is filtering into the others?

The message said numerous calls were made to the police and NYC health dept. What did they say or do about this? Also, where were holes sealed - in the neighboring units or in the unit of the person doing the spraying?

Sorry for so many questions, but I'd like to understand this situation better before commenting. Thanks.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


What kind of "chemical substances" are being sprayed?
We do not know that.
Why is the tenant spraying them into two neighboring units?
She does it whenever we are on the phone , and yes she does it on purpose 24/7 - she works from home.

"The message said numerous calls were made to the police and NYC health dept. What did they say or do about this?"
They said that the Management Company and Landlord should handle this dispute.
The holes were sealed in the neighboring units only because she will not let the super or anyone else in.




Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
article window replacement projects - Robin Barton Mar 12, 2007


I believe the article will run in the April issue of Habitat.


> Join the conversation
Mr. Einstein's questions - AdC Mar 11, 2007


Believe what you want if it makes you happy. The shareholders get a windfall because the sponsor does not get money back and it has to pay the full amount.

Don't pose the same questions which no one answer this year or the year before.

Good luck!

AdC


> Join the conversation Comments (2)


adc - usually you are so good but here you are being discourteous. I am disapointed by your tone. It is spiteful and mean. This is a billing / math question. do you evenreally understand what is being asked? our building has been billing over and above the rebate amount/. IS IT IS STANDARD, that shareholders receive a windfall and should not be billed for hte rentire rebate amount that appears on their mntnce bill?


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Obviously, you did not understand the replies you got last year and you question. Now let's go to the answer:

1. Whether you get a check or a reduction of your taxes to be distributed among qualifying shareholders, the answer is the same.

Let's walk through the numbers and through the concept of maintenance:

Premise:

(1) Maintenance is the necessary income required to pay your aggregate expenses with some minor cream added to it and then divided by the number of shares.

(2) Among your expenses are taxes.

(3) The maintenance per share is a constant number for all the shareholders including the sponsor.

Now, the math. I'm going to use a simple example so that I don't have to pull my calculator:

I have 9 shareholders entitled to the abatement and 1 sponsor, all of the shareholders have the same amount of shares. (REAL SIMPLE!) The building receives $36,000 (in abatement or a check) to be distributed only to qualifying shareholders.

Well, don't have the money and need to do an assessment if I paid a reduced amount of taxes to NYC because of the abatement. OR I have the check from the city and now I would like to assess to retain the check in my coffers, but try to comply with the city in providing the abatement:

Now:

$36,000 / 9 shareholders who qualify = $ 4,000
$36,000 / 10 shareholders total = $ 3,600
Difference $ 400

Thus, the $400 difference resulting from the inclusion of the sponsor represents the abated tax amount that the sponsor was not entitled to receive through a reduced tax paid to NYC, OR the amount that the sponsor needs to pay to NYC by virtue of not being qualified for the abatement.

Bottomline: It is not a windfall to anyone. It means that the taxes paid from the shares owned by the sponsor were not abated by $400.

Hope this is easier to digest.

AdC










Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


funny - it is pretty clear what the quesiton is - you dont get it at all. it has to do with how much you assess people for. read again. also - dont be patronizing and nasty - it does not help. you used to be much better.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


The fact that you are assessing equally (shareholder or sponsor)no matter the amount that you plan to raise, means that every one pays their fair share. The sponsor would subsidize the shareholders if you were to assess it $2.00 per share and the rest of the shareholders are assessed $1.50.

Obviously, I don't know how to ïnterpret anymore and this is why I miss the boat! OR, perhaps the person who raises the question does not know what is talking about.

AdC


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


OK you are just not thinking. The sponsor does not get the tax credit. The shareholders do. got it so far?

so, when all are assesed, (for the same amount), the sponsor pays more because he does not have a credit on that same bill. His bill is higher to start with.

still with us?
so, when you divide the amount of the abatement itself (, say 40k, among all shareholders (inc sponsor) - there will be a surplus on non-sponsor bills for that month BECAUSE - pay attention, because he is footing a portion of this abatement and not getting credit for it. stop and think here please so it sinks in.

THE QUESTION IS - IS IT STANDARD TO ASSESS SHAREHOLDERS ( a) FOR THE TOTAL AMOUNT OF THE ABATMENT divided among all shares OR,

(b) PAY ATTENTION, to assess based on THE CREDIT THAT APPREAS ON NON-SPONSOR SHAREHOLDER'S BILLS - RESULTING IN AN AMOUNT OF $$ LARGER THAN THE TOTAL AMOUNT OF THE ABATEMENT?

do you see the difference?



Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


To make it more to the point Mr. Einstien(???):

1. You paid NYC taxes $100,000 for 10 apartments (9 individual shareholders, 1 sponsor)

2. You got a check in the mail for $36,000 for 9 individual shareholders who qualify for the apartment.

3. The amount total amount paid by the building less abatement is $64,000.

NOW...

a. Taking the premise that all 10 apartments have the same amount of shares, each shareholder including the sponsor should pay $10,000. (10,000 X 10 = 100,000) DO we agree so far?

b. The reduction comes and only 9 shareholder qualify for the tax abatement or credit. So, each gets $36,000 / 9 = $4,000 credit per qualifying shareholder.

c. What is the tax allotment that each shareholder pays to NYC and will ultimately be declared through the IRS / State return forms?

(1) Figure this one out and you will tell me if the sponsor paid its fair share of taxes to NYC through maintenance. Of course, by virtue of not qualifying to this abatement, it does not get it. Yet, it may get it through other incentives (that you and I don't know it) available for corporate entities.

(2) It's okay to assess the sponsor for the $36,000 since the amount reduced the total amount of taxes the building paid and the sponsor is an integral component of the building. The difference represents the fair taxes it should pay; it IS NOT SUBSIDIZING anyone of paying more than you. You just happen to be a beneficiary of a NYC tax reduction program.

Finally, I may sound patronizing through my oversimplified examples, but you are not asking for opinion, you are forcing an opinion which does not merit further discussion.

Hope those who follow this conversation, a bit patronizing, a bit insulting have a better idea of the issues.

"Einstien's mother"






Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (12)


that each non-sponsor shahrolder does end up with a little bit of a credit after the assessment ($400). also pls confirm it is standard to base the assessment on the amount of the total abatement and not the amount of the credit that apears on each non-sponsor bill?


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


(1) Does the building get a check back from NYC for the abatement?

(2) Does the building retain the check in its coffers?

(3) Does the building assess shareholder to pay back the abatement while retaining the total amount of the abatement?


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here



Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here



Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


(5) Does the co-op pay the abated portion of your NYC tax burden?

Eintien's mother


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


totally imbecilic. the questions is simple: which is the more standard method off billing? AdC - have you gone brain dead? we are worried about you.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here



Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


either you dont want to understand what is a very basic question - or you are just totally incapable of understanding what is being asked OR you do not know the answer.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


Let me tell you, sponsors and management representatives know their numbers and their privileges better that you and I. They will rather see all the sharaeholders (incl. the sponsor)being assessed for the difference before they agree to pay the little return shareholders get back from the assessment. Why? Probably because of good accounting and reporting to the IRS.

The method of calculation gets you the same results, but the correct way is through asessment of the entire amount. (Now don''t tell me I have answered your question!):

To demonstrate that all routes lead you to Rome, I am calculating it both ways:

$36,000 / 10 shareholders = $3,600
$36,000 / 9 shareholders = $4,000

Difference = $400

The sponsor gets to pay the $3,600

Now, your original question also had the component of windfall for shareholders and sponsors paying a bit more. THIS IS BOGUS! The sponsor PAYS its fair share of taxes and is not giving each shareholder $400 as a hand-me-down. Otherwise, they would VEHEMENTLY OPPOSE it.

NOW... I''ll try to explain it once more. PLEASE KEEP AN OPEN MIND AND DON'T RUN YOUR MOUTH. ALTHOUGH INSULTING, IT SHOWS YOUR INABILITY TO ARGUE:


1. Your city tax invoice is already reduced, i.e., if your total tax bill were $100,000 without the abatement program, your NYC bill states pay me $64,000 (which you pay to NYC assessor) and you have the commission by NYC to distribute amoung 9 qualifying shareholders $36,000, which is the size of the abatement.

2. Well, each shareholder through maintenance including the sponsor is paying to NYC by way of management: $64000 / 10 shareholders = $6,400 instead of the full tax of $100,000. (remember: $36000 + 64000 = 100,000)

3. So you have 9 qualified shareholder and for $36,000 or $4,000. But, you do not have $36,000 (due to your budgeting) and you need an assessment to distribute the $36,000.

4. So you now assess for the entire abatement to all the shareholders, i.e., $36,000 / 10 = $3,600.

5. You return $4,000 back, and each shareholder gets $400 net.

6. What does this tell you? (and excuse my repetition)

A. Through the building NYC tax bill each shareholder including the sponsor paid $64,000/10 = $6,400.
C. Through assessment all shareholders paid $3,600.
D. Total amount paid for taxes by each shareholder:
$6,400 + $3,600 = $10,000!!!
E. You are returned $4,000. Your total tax paid to the city is $6,000, because you qualified for the abatement.
Since you paid through maintenance $6,400 - 400 (returned to you) = $6,000.
F. The sponsor does not get the abatement, so he pays the alloted total NYC tax value of the building:

$6,400 + $3,600 = $10,000.

Now you sit down with the NYC tax invoice and go through the motions of figuring the arithmetic out.

You'll get my point!

In a separate mailing I will clarify my questions.

AdC




Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


Why I asked my questions?

I do not live in New York and there is no abatement; however, the principle is the same as numbers never fail us. I will respond to each question.

(1) Does the building get a check back from NYC for the abatement? (Again referring to my ridiculous example as it is regarded)

Say the NYC tax is $100,000 and you paid this amount. The city sends you a check for $36,000 and tells you to distribute to the 9 shareholders that you have.

In this case, you take the check and divide it by the 9 individuals and case closed. Every one gets the $4,000 and the tax ends up being $6,000 per head. $10,000 for the sponsor because that is the amount he needs to pay for taxes since it has no allowance. No need for assessment, no nothing.


(2) Does the building retain the check in its coffers?


(3) Does the building assess shareholder to pay back the abatement while retaining the total amount of the abatement?

(2) and (3) is a two step question. Again based on the fact that you paid the full amount and a check is returned, similar to your federal/state taxes in which you pay, and if you pay in excess you get a check.

If he building were to retain the check in its coffers, then assess each shareholder for the check, then everyone wlll be paying above and beyond $3,600. In this case there will be a windfall because the sponsor will have to foot $3,600 extra to take care of shareholders. However... (I will not confuse you any more). This is the only time in which a windfall can be conceived.

So, no more insults, no more explanations.

Good bye, but... get your NYC tax invoice sit down and try to make light out of it. It's the only SMART way out!

Ëinstien's mother; Eintein's tutor, etc.
a/k/a AdC




Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


it has to do with HOW you base the assessment. do you or do you not get this?


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


here is what you do - you assess for the maount of the abatement divided among all shareholders. because the sponsor doe snot get the credit, the other shrholders are left with a credit - despite the assessment. call it what you will but some might call this a little nice windfall. or a tax break or whatever. adc you have gone completely bats and are terrible at addressing this. you also keep spitting out some example with numbers that is redundtant and doe not address the bais for billing. Please STOP and think the future - you used to be so wise before you went nuts.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here


Collect from the sponsor it share.

AdC


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


we know that. what we dont know is: is it standard to have a slight windfall on regular shareholder bills AFTER the assesment because the sponsor, in effect, is subsidizing the assessment?
- which should, ideally be for the total amount of the abatement spread among ALL shareholders -?

and, thus, NOT an assesment amount that equals the total of the abatement credit on non-sponsor maintaience bills. comprendo?

ie the abatement credit and assessment amount on regular shareholder bills should NOT be the same amount.

yes yes, we know: the sponsor, however, will just get an assessment without the credit. BUT there should be a windfall for shareholder because of this!!! RIGHT??????


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Your statement:

and, thus, NOT an assesment amount that equals the total of the abatement credit on non-sponsor maintaience bills. comprendo?

Going to my example that got you so upset:

If you were to raise $36,000

$36,000 / 9 worthy shareholders = $4,000 a piece each
$36,000 / 10 shareholders incl. sponsor = $3,600 a piece each.

Difference = $ 400.

Now, the 10 shareholders raised $36,000, but you will return to 9 sharholders $4,000. So, the amount raised or returned to you by way of an abatement are not equal.

Being "nasty" again, $4,000 (returned) > $3,600 (assessed).

In other words, every shareholder including the sponsor is assessed $3,600 to raise $36,000. Worthy shareholders get back $4,000. So, the abatement amounted to $4,000, but only got back $400.

On the other side, the sponsor pays $3,600 but gets nothing back, i.e., does not get like the other shareholders $400 because is not qualified.

The bottomline is as follows: the co-op was short $36,000 in their taxes or wanted to collect money above and beyond to match the check, every one pays the same.

I know it's a bit confusing, but it would be easier to let the shareholders know that no distribution and request the sponsor to pay the $3,600, which divided by the 9 shasreholders happen to be $400 a piece.

As I mentioned in my example, the $400 or the $3,600 is not a contribution or a windfall, but the fair share of NYC taxes that the sponsor needs to pay since it's not qualified under the program.

Now... don't ask the same question next year!

AdC







Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (2)


firstly, you present a barely comprehensible example. It is a mess. secondly, , i did not get upset by any example of yours. I just was amazed that you did not understadn what i was saying. also your example is totally unclear and you fail to answer the question.
WHAT IS THE STANDARD WAY OF BILLING??? SEE LAST POSTING AND JUST ANSWER PLEASE. NOTE: FDNYC MUCH SHARPER THAN YOU - THEY GOT IT RIGHT AWAY.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


what you are saying here is what i have said already. you are saying each non-sponsor sharheolder ends up with an extra $400 after all is sadi and done. This is a windfall.

got it? That is what I said from the start - but, somehow you still do not address the core of the question. what do you think my question is:


If you were to raise $36,000

$36,000 / 9 worthy shareholders = $4,000 a piece each
$36,000 / 10 shareholders incl. sponsor = $3,600 a piece each.

Difference = $ 400.

Now, the 10 shareholders raised $36,000, but you will return to 9 sharholders $4,000. So, the amount raised or returned to you by way of an abatement are not equal.

Being "nasty" again, $4,000 (returned) > $3,600 (assessed).

In other words, every shareholder including the sponsor is assessed $3,600 to raise $36,000. Worthy shareholders get back $4,000. So, the abatement amounted to $4,000, but only got back $400.

On the other side, the sponsor pays $3,600 but gets nothing back, i.e., does not get like the other shareholders $400 because is not qualified.

The bottomline is as follows: the co-op was short $36,000 in their taxes WHAT DOES THIS MEAN ADC? HOW CAN THEY BE SHIRT IN TAXES IF THEY ARE GETITNG A REBATE? or wanted to collect money above and beyond to match the check, every one pays the same. EVERYONE DOES NOT PAY THE SAME - YOU JUST SAID SO ABOVE.





Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
is this clear? windfall for shareholders - ala Mar 11, 2007


If done correctly - ie simply to recoup the total of the abatement amount itself, then non sponsor shareholders experience a windfall. The sponsor's being assesses subsidizes the amount.

some buildings make the mistake of assessing for the total amount of the abatement that appreas on the non-sponsor maintainence bills and forget to do this math.


> Join the conversation Comments (3)





Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


maybe you can address this? it has to do with possible overbilling.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


Is this right? PLease read with care.
Let's say your apartment has a monthly mainteinance of $ 1000. Your tax credit (coop/condo) is $400 to be given to you by May. Your bill for May is then $600.

BUT the board decides to assess for the total of the abatement given to all shareholders in the building. (ie you will pay your portion of the abatement as it is divided among ALL shareholders inc. sponsor - who does not eligible for the credit).

Your portion of this is $250. (because the sponsor has to pay but does not realize the tax credit, which means you pay less than he does and proportionaly less on your bill than the actual credit of $400.) Got it?

You would then be assessed (your portion) but also have a nice windfall of $150 for your May bill . Is this clear? help someone.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


The best math you can do is asking your maangement agent for the tax invoice and exactly figuring out what is the amount of tax each shares is supposed to pay to the City.




Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation


Here is a very simple explaination of the situation and the two ways of basing an assessment that is related to the anual abatement:

Please note ADC's very strong opinion on this. A wonder he did not seem to remember this:

Sat Apr 8, 2006 8:23AM
70.23.184.148

1) method one: the entire buildings abatment is the basis.

2) method two: individual unit's abatment is the basis.

If I had to guess I'd say more buildings use method 1 than method 2 but both are used.

Do you want to maximize the buildings income without penalizing the shareholder? Use method 2.

Do you want shareholders to fee that they at least got some of the abatement? Use method 1.

AdC
Method 2 is ridiculous!
Tue Apr 11, 2006 9:14AM
63.103.93.62

I think I got to the bottom of the problem! You seem to favor method 2 for being "lucrative" and punishing to the sponsor.

First, boards should be motivated by transparency in operations. Ergo, if you are raising the amount of the abatement then declare it as such and don't charge above and beyond.

If you wish to increase the reserve by another $X, then do so and EDUCATE your shareholders for the need to increase reserves for whatever reasosns are demanded:

Thinking you get something from the sponsor may be counterproductive. Fairness in operations will lead a sponsor to cooperate with you more times than not. Sponsors too can read through the lines and regard the board of your building as a crooks and unprofessional. Temptation is great, but you lose your credibility too!

Sorry, but this is my opinion.

AdC




Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


Re: abatement and assessment, at this point I'm forgetting who said what and even who originally asked the question.

To whoever brought this up - have you talked to your coop's CPA or accounting dept? If I overlooked or forgot this, I apologize for asking. They should advise you on the best method to use and how to calculate it, and do all the math for you. If you're paying them to do a job, let them do it.

Advice here is valuable but I think an inordinate amount of time and effort is being expended on this discussion. And if the person who brought this up has made sense of all the replies and come to any definitive conclusions, you're a better man than I am, Charlie Brown.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation
window replacement ( to anonymous) - Fat Nickie Mar 11, 2007


I have to agree with Mike McGowen, you should not bad mouth a company/vendow without backing up the facts. Can we also not all be anonymous when we post articles.

Fat Nickie


> Join the conversation
Windows and heating - BP Mar 11, 2007


If your co-op's central heating is very uneven, I'd look into that more closely. If some units roast while others are cold, maybe the fault is with how heat is distributed through the system. If so, that can be a problem no matter what new windows you install. A good engineer can make recommendations, including possibly installing individual heat level adjusters in each unit.

I agree that Pella windows are expensive. They seem to be "hot" right now, but if your co-op can't afford them, it would be financially imprudent to get them, and the extra cost can be better spent on something else. We have thermal barrier, aluminum windows with 7/8" insulated glass. They look nice, work well, reduce noise, and run $350-$400 per window. I believe you can get the baked enamel finish in white, black or copper color. We have the standard white.

If your co-op's 12 units all have the same old windows, you should replace them all. You can schedule the coldest units first, but it takes only a few days per unit. You can do them all fairly quickly if you plan ahead with the window vendor and shareholders. Budget for ALL the work. You can't do 4 units now and hope to do the rest later. What if you don't have money for the rest later? The project will drag out, shareholders will complain, and the building won't look very nice. Also, Business Corp Law requires that you treat all shareholders fairly and equally. You can't do something for some of them that you don't extend to all of them in a timely and equitable manner.

Just my two cents.


> Join the conversation Comments (1)


Thanks,BP. Do you have a vendor in the NYC area you would care to refer us to? Also, as regards replacing all the windows, my feeling is that the units that are warm and have no visible degradation of their windows will not want to spring for the added expense. I agree that doing them on an as needed basis/worst case scenario case is best and to budget for all who need it, but we don't get to take any energy improvement deductions on the building if that. We recently did a 13th month assessment and most shareholders are expecting a lobby improvement to happen from that, and even if we deferred that, it still would not give us enough to undertake complete replacement even if we used this money for that.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation Comments (1)


I see your point, Newbie. If you only replace some windows, one consideration should be consistency in terms of style and color, otherwise it will detract from building appeal. Based on our experience and that of other boards I know, here are a few "pro" and "con" vendor names:

City Landlord Services - 718-894-2632 - doing windows for years but switched distributors not long ago. The windows they offer now are cheaper quality but prices are the same, even a bit higher, and service is not reliable.

All Glass - don't know their number, think they're in the Bronx, heard their work and prices are good.

Panorama Windows - don't know their number, do good work but prices are high for windows you can get elsewhere.

Shapiro & James - 718-292-3000 - prices a bit higher but worksmanship is A-1, service is excellent, go out of their way to satisfy customers, also do all types of mirror work.

If interested, I'd suggest contacting Shapiro & James and All Glass for more info and estimates.


Thank you for rating!

You have already rated this page, you can only rate it once!

Your rating has been changed, thanks for rating!

Introduce yourself to other members of Board Talk! Login below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Register

Forgot your password? Click here

> Join the conversation

Introduce yourself to other members of Board Talk! Log in below or register here.

Board Talk members who registered prior to March 9th, 2016 will need to reset their password.

Introduce yourself to other members of Board Talk! Login below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Powered by eZ Publish™ CMS Open Source Web Content Management. Copyright © 1999-2014 eZ Systems AS (except where otherwise noted). All rights reserved.