Category: Finance

Finance 2023 trend concept. Hand flip wooden cube change year 2022 to 2023. Beautiful white background, copy space. Used for the banner trend concept of the new year for monitoring new business opportunities.
2022 December Market Wrap-Up 2022

This past year was a year of contradiction in the real estate industry, both locally and nationally. 2022 began on the coattails of one of the strongest markets for homes in recent history.  But by early spring, with inflation rising at a r…

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Finance Bag with dollar symbol and protection shield. Concept security of money, guaranteed deposits. Client rights protection. Compensation for losses in inflation, safeguarded investment capital.
2022 October Safeguarding Your Reserves

In our current environment of steeply rising costs, it’s more important than ever to safeguard your reserves to ensure that your association has sufficient funds available for immediate and future capital projects. Unfortunately, many assoc…

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Finance The white seal and red imprint with text PAST DUE on white surface. 3D illustration
Collecting Delinquent Common Charges

A recent article on a real estate website posed a common question: What’s the best way for a condo board to collect unpaid common charges?  The author of the article - presumably an attorney - gave some pretty good advice…and some not so g…

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Finance Five small wooden buildings with coins floating away from rooftops
Mid-Year Maintenance Increases?

Like baseball players, condo and co-op owners are often creatures of habit. Settled into their units, they’re used to costs rising over time, but on a regular and predictable basis.  That means once a year - usually in January - and by a co…

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Finance Businessman using innovative virtual touchscreen presses taxes button.with icons state taxes.Data analysis,paperwork,financial research,report.Calculation tax return surrounding.taxes Concept
Co-op & Condo Tax Abatement Filing Deadlines

Many cooperatives and condominiums in New York have long benefitted from a tax abatement program under ​​Real Property Tax Law 467-a. In September of 2021, Governor Kathy Hochul put new eligibility requirements into this law that go into ef…

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Finance Piggy bank and borrow grunge concept
Co-op & Condo Financing

Aging is expensive—and that goes double for residential buildings. Exterior deterioration is inevitable, mechanical systems do not last forever, and everyday foot traffic and wear take their toll on even the sturdiest structures. For many c…

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Finance Arrow with dollar bills pointing up. Concept shot for currency exchange rate going up, inflation, economic boom
As Costs Rise, So Do Carrying Charges

The Community Associations Institute (CAI) estimates that 74 million Americans live in communities managed by homeowners associations, of which condos account for 35% to 40%. That’s a lot of people - many of whom may be in for a nasty shock…

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Finance Out of Sight, Out of Mind...Out of Money?
Out of Sight, Out of Mind...Out of Money?

Beautiful new residential buildings are erected every year. As developers make the finishing touches, the walls are closed to conceal elements like piping, wiring, fire suppression systems, and insulation. Unfortunately, awareness of these …

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Finance Mixed Income Communities
2021 July Mixed Income Communities

Like so many other communities throughout the United States, New York City remains segregated in many respects—racially, economically, and socially—but even so, the city has achieved a level of housing integration despite the systemic force…

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