Category: Building Operations

Insurance Are You Covered?
2005 Aug Are You Covered?

Every right-thinking homeowner knows that carrying the proper insurance is a vital part of owning a home. For most people, buying a home is the biggest financial investment they will ever make—especially in today’s high-priced market, an…

Read More
Insurance Limiting D&O Exposure
2005 Aug Limiting D&O Exposure

It’s important for cooperative corporations to have enough insurance to cover any unexpected problems that may arise, and one of the most crucial policies in any corporation’s insurance portfolio is directors and officers insurance, mo…

Read More
Insurance Specialty Insurance
2005 Aug Specialty Insurance

When it comes to insuring a co-op or condominium community, a belt-and-suspenders philosophy could prove the safest – and perhaps, most advantageous – choice. Getting that extra coverage means going beyond the basics of property and li…

Read More
Finance Board Hurdles
2005 Jul Board Hurdles

As a financial professional who has served metropolitan New York's cooperative community for over 25 years, I must say that this is probably the most challenging time in recent history. Everywhere we turn, rapidly escalating costs coupled w…

Read More
Finance Who's in Charge?
2005 Jul Who's in Charge?

Any transfer of ownership of a cooperative unit will require the cooperative corporation to cancel the old stock certificate and issue a new one. Many see this step as a simple clerical task, and often it is the managing agents that keep th…

Read More
Finance A Penny Saved
2005 Jul A Penny Saved

Everybody complains about money. It doesn't matter if you're a millionaire or just getting by from paycheck to paycheck--everyone is on the lookout for money saving possibilities. The same holds true for co-op and condo owners and share…

Read More
Finance Thinking Outside the Box
2005 Jul Thinking Outside the Box

While there's certainly no shortage of affluent co-op and condo buildings in New York City, it's a fact that a significant proportion of buildings are home to residents of more modest means--buildings for whom large capital improvement proj…

Read More
Finance Refinancing in Today's Market
2005 Jul Refinancing in Today's Market

Today's economy is one, which has economists using words such as "perplexing" and "conundrum." Making predictions as to what the economy will do next week is difficult--trying to predict what will happen six months or a year down the road i…

Read More
Finance Voting "Yes" to Flip Taxes
2005 Jul Voting "Yes" to Flip Taxes

In New York City, many co-ops and condos use a practice called a "flip tax" in order to boost building revenue. As most co-op and condo owners know, a flip tax is a fee paid to the building, either by the purchaser or seller, each time an a…

Read More
Finance The Mitchell-Lama Buyout Process
2005 Jul The Mitchell-Lama Buyout Process

Back in 1955, when the flight to the suburbs was going full blast and many city neighborhoods were deteriorating from lack of money and municipal attention, the Mitchell-Lama bill, named after State Sen. McNeil Mitchell and New York Assembl…

Read More
Previous 1 154 155 156 157 158 193 Next