Pretty much whatever is happening in your co-op or condo is the result of money – or the lack of it. The skill with which you are able to get your hands on money is key.
Take Hudson Courts – the poster child for how access to money saved the day. And if you combine money access with capital planning, you really have hit the sweet spot of governing, just like Windsor Park and Fairview, two large Queens co-ops. If you don't have access to money, then at least have a backup plan, like a line of credit.
If your building has a cooling tower on the roof, you've got a host of city regs to follow, and if you're a board contemplating how to become more transparent, we'll show you the way. All this and more, coming in September!