Category: Finance

Finance 80/20 Vision
2004 Jul 80/20 Vision

Say the words "80/20 rule" to a New York City co-op board, and you may be met with groans and furrowed brows. A provision in Section 216 of the Internal Revenue Service (IRS) tax code, the 80/20 rule limits the amount of commercial revenu…

Read More
Finance Breaking the News
2004 Jul Breaking the News

With today's uncertain economy and the prices of everything from gas to insurance on the rise, maintenance increases may be on the horizon for thousands more co-op and condo owners this year. Shelling out money is never a pleasure, but tho…

Read More
Finance Using Your Equity
2004 Jul Using Your Equity

New York City has been in the midst of a real estate boom for the last several years. Even with the economy in recession and the lingering effects of 9/11, homeowners have seen their apartments double, even triple in value in as little as …

Read More
Finance Co-ops on the Rebound
2004 Jul Co-ops on the Rebound

Cooperative buildings should be run like businesses, with prudent investing and organized budgeting practices in place. As many buildings that have been on the brink of financial disaster can tell you, if you ignore these aspects of runnin…

Read More
Finance Fraud Prevention
2003 Dec Fraud Prevention

With all of the negative headlines involving multi-national corporations over the past few years, fraud has been elevated to the forefront of financial topics. This is the theme of a new accounting pronouncement that becomes effective this…

Read More
Finance Going Green to Save Green
2003 Dec Going Green to Save Green

Solar powered panels dotting rooftops. Recycled waste water replenishing toilets. Geothermal heat pumps for heating and cooling. Filtered fresh air into apartments. What's next? Sheep grazing in the Sheep Meadow? Not necessarily, but …

Read More
Finance The Big Payback
2003 Dec The Big Payback

It's hard enough balancing our own personal budgets without having to worry about an entire city's bottom line. But that's exactly what New York City Mayor Michael Bloomberg asked property owners to do last year when he sought a tax hike o…

Read More
Finance Trimming the Bottom Line
2003 Dec Trimming the Bottom Line

With increasing costs for heating fuel, insurance, real estate taxes and the like taking a bite out of the operating budget of most every co-op and condo in the city, some cost saving measures can help stem the tide of rising costs. Payrol…

Read More
Finance On the Straight and Narrow
2003 Dec On the Straight and Narrow

In the unfortunate and troubling event that you suspect incompetent - or even criminal - behavior regarding your building finances, an accountant or a certified fraud examiner can forensically investigate the issue to determine whether or …

Read More
Finance Challenging Your Real Estate Taxes
2003 Nov Challenging Your Real Estate Taxes

Tax certiorari. Even the name remains obscure in Latin, perhaps in an effort to make the entire process seem difficult and hard to manage for the average real estate owner. For co-op and condo boards, however, the tax certiorari proceeding…

Read More
Previous 1 22 23 24 25 26 33 Next