HABITAT

TEN QUESTIONS ABOUT: MANAGEMENT ISSUES FOR CO-OP/CONDO BOARDS

Management Issues for Co-op/Condo Boards

Thomas Thibodeaux

NEW BEDFORD MANAGEMENT

http://www.nbmgmt.com/index.php

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Thomas Thibodeaux

Chief Financial Officer
212-674-6123
thomast@nbmgmt.com

New Bedford Management Introduction
We've just hired new management and left our condo's developer. Will all our books and records be turned over?
Our condo developer has just turned over management to us. Are our corporate records set up properly?
We've got so many projects and activities going on in our building. What's a good way to track it all?
How can we tell if building problems are maintenance issues, and not construction issues from the developer?
Our condo developer set up our insurance. He's out of the picture now, and we wonder if it's okay?
What are the reserve replacement requirements in a HDC condo or co-op?
Our building staff, who the developer hired, doesn't seem to understand its duties. Why and what can we do?
We're setting up our first board in our newly constructed building. What are the issues we should be aware of?
What are the pros and cons of staying in the HDC system?
Our HDC building wants to refinance. Should we get another HDC loan or a market-rate loan?