Tag: Stephen Beer

Finance Planning for the Future
2015 October Planning for the Future

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…

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Finance In The Black
2015 July In The Black

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…

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Interior Bank on It!
2013 November Bank on It!

The New York metropolitan area probably has more banks and other financial institutions than anyplace else in the country. This is after all the city where Wall Street is located. Go down any major shopping street and chances are you’ll se…

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Finance Common Sense Budgeting
2013 September Common Sense Budgeting

Running a co-op, condo or HOA is a business, and like most businesses, proper budgeting is the key to financial health. Just like businesses, associations usually have two separate yet vitally important budgets. The first budget is the day…

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Real Estate Trends FHA/HUD Requirements Update
2013 April FHA/HUD Requirements Update

 The words “housing crisis” still have the power to send shivers down the spines of homeowners who are  still feeling the effects of the collapse of the market in 2008. That collapse  was itself triggered for the most part by the writing o…

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Maintenance Inventory Control
2012 November Inventory Control

 Regardless of whether you live in a co-op or a condo, or whether your community  is a small, self-managed one or a sprawling development with hundreds of units  managed by a professional property management company, there is or very well …

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Insurance Insurance Fraud!
2012 August Insurance Fraud!

 When it comes to insurance, there's more to think about than just premiums and  deductibles; on one side, there's insurance fraud—and on the other, there's the insurance that protects you from fraud. Both sides  of the equation are import…

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Finance Year End Housekeeping
2011 December Year End Housekeeping

 Organizing and keeping a co-op or condo’s books and other records is, on the surface, not that different than keeping a  budget for one’s home.    But there are many important differences—filing deadlines, tax requirements, reports…

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Finance Money in the Bank
2011 July Money in the Bank

 Perhaps one of the most difficult aspects of the recent recession was the sudden  evaporation of credit from major banks and lending institutions. The logic  behind it was understandable: too much easy credit had led, in part, to the  col…

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Finance Shopping Smart
2011 July Shopping Smart

 The day-to-day costs of running a multifamily residential building are  significant. There’s the fuel oil, electric, cleaning supplies, equipment maintenance and service  calls for repair and upkeep. Then there are the insurance costs, la…

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