Category: Finance

The experience of condo and co-op board members can often feel like a juggling act. There are varied interests in the community that want different things. There's legal counsel, financial advisers, and managers who try to offer the best pr…

Recently, have you noticed that your managing agent has exchanged his old Toyota for a new Mercedes? Has he installed a new addition to his house? Has he appeared erratic...and returning from jaunts to Atlantic City all the time? If so, it …

Mayor Bill de Blasio and City Council Speaker Melissa Mark-Viverito shook ceremonious hands over New York City’s budget a week before it was due, after the mayor reversed his position on hiring new police officers. Thanks to strong local ec…

Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new boiler or that flat, crack-free pavement just poured two summers ago. Eventuall…

Those of us without engineering degrees tend to take the buildings in which we live and work for granted. We simply assume that if we go indoors, the ceiling isn't going to suddenly collapse. Of course, buildings can remain upright and stru…

Taking care of a condo or co-op building’s budget and finances is a big job. Handling such large sums of money is an important responsibility, and not every shareholder or unit owner has the expertise to do the job well. Sure, most people k…

Imagine sitting down with your significant other to pay the monthly bills. You both put your checks into a joint account and know how much there is to take care of expenses, or so you think. Out of his wallet your husband pulls out receipts…

Windows can dramatically change any space, from transforming a tiny kitchen into a front row seat to a glorious skyline to morphing a standard upstairs bedroom into a perfect perch for an ocean view. Windows bring vast life and light to an…

Mayor Bill de Blasio, New York City Council Speaker Melissa Mark-Viverito and fellow council members reached agreement June 19, 2014 on an on-time and balanced city budget for Fiscal Year 2015—marking one of the earliest budget handshakes …

One of the biggest problems that can cause the downfall of any co-op or condo is a lack of funds, or more specifically, not enough money to keep operations running smoothly and to make the necessary repairs to keep everything up to par. …