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Condo Boards Are Being Shortchanged by Commercial Unit Owners UNABRIDGED

Magazine Article by Greg Poverelli, Senior Property Manager, Harlem Property Management on September 05, 2024

that have commercial units, rent can be a significant source of revenue for the building’s operating budget

Building Insurance Premiums Soar, Causing Financial Hardship for Residents UNABRIDGED

Magazine Article by Vik Shingwani, Property Manager, First Management Corporation on September 05, 2024

Increases in insurance premiums are continuing to strain building budgets. That’s especially true

Capital Project Surprises: How to Deal with Unexpected Costs UNABRIDGED

Magazine Article by Ira Meister, President, Matthew Adam Properties on September 05, 2024

would have to be scaled back if they hoped to bring everything in on budget. An Unbelievable Thing

Strategic Capital Planning and Communication: Essential for Building Maintenance Compliance UNABRIDGED

Magazine Article by Andre Kaplan, CFO, Orsid New York on September 05, 2024

that money is often allocated to the operating budget, channeling it into the reserves instead can help fund

Chelsea Condop Takes Proactive Approach to Fund Major Infrastructure Projects UNABRIDGED

Magazine Article by Sara Gierloff, CFO, MD Squared Property Group on September 05, 2024

there is no such pending law — a standard requirement for condominiums is to hold 10% of the operating budget in reserve

Escrow Accounts and Budgeting Strategies Aid Condo and Co-op Treasurers in Cash Flow Management UNABRIDGED

Magazine Article by Thomas Thibodeaux, CFO, New Bedford Management on September 05, 2024

financial management,” he says, “but also maximizes the building’s earnings.” Budgeting for Cash Flow ... Budgeting ... Escrow Accounts and Budgeting Strategies Aid Condo and Co-op Treasurers in Cash Flow Management

Co-ops Ease Financial Strain by Refinancing Mortgages with Extended Amortization Periods UNABRIDGED

Magazine Article by Donald Einsidler, President, Einsidler Management on September 05, 2024

need to budget accordingly. “You have to plan for the increased debt service,” Einsidler says. Since

Upper East Side Condo Board Tackles Unexpected Repair Costs, Adapts to Financial Challenges UNABRIDGED

Magazine Article by Joshua Holzer, Senior Vice President, Maxwell-Kates on September 04, 2024

on the Upper East Side budgeted $550,000 for repairs on the front of the building, but once work began

Co-op City Completes $48.5 Million Elevator Modernization Project

The Bronx

come from the operating budget without the need for an assessment. Each garage has a front

Co-ops and Condos in Historic Districts Can Go Solar for Almost Free

New York City

Green Ideas How NYC co-ops/condos save energy Energy is one budget item that NYC co-ops and condos

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Board Talk

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DP Apr 24, 2025

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co-op board election & online voting

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Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

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Learn 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

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