Short-term budgeting can lead to long-term costs.
Short-term budgeting can lead to long-term costs.
Co-op and condo boards need to get smart about how much of their income comes from commercial tenants.
Fix it once and fix it right – solving chronic problems means thinking long-term.
Electric vehicle charging stations can be a revenue-generator for co-ops and condos.
Buildings that want to make LL97 retrofits should act sooner, rather than later, to save money.
As FISP requirements become more strict, boards are going to have to spend more money to keep up.
Complaints become incidents, which become a loss run sheet, which can become an insurance headache.
A well-established fine structure can
Open communication with residents can soothe upset over an assessment.
Too many sublets can cause financing problems, but can also boost apartment values.