1997 Jul/Aug
Focus on... Budget, Finance & Insurance

Maintenance
1997 Jul/Aug Regulating Boiler Repairs

You probably don't think about your building's boiler very often. As long as it provides heat and hot water, it's pretty much out-of-sight, out-of-mind. And when the boiler does need repair, you probably depend on your management company …

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Buying & Selling
1997 Jul/Aug Getting Unit Financing

You've found your dream home at last. However, you don't have those hundreds of thousands stashed away to pay for your new co-op or condo in cash. What do you do? Like most new home buyers, you apply for a mortgage. But as an individual y…

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Finance
1997 Jul/Aug Back From the Brink of Disaster:

Co-op and condo boards, together with their professional managers, are responsible for their properties' financial well-being. Every financially-challenged property faces the same perils: an inability to meet ongoing expenses, the consequen…

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Insurance
1997 Jul/Aug Directors' and Officers' Insurance

Being elected to serve on the board of your co-op or condo can be viewed as a great honor or a dreadful burden. Those who look for the positive in any new situation will focus on the fact that their neighbors have confidence in their lea…

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Law & Legislation
1997 Jul/Aug Voting by Proxy

When it comes to decision-making in your building, attending meetings in person is always best. But should the need arise, shareholders and unit owners are permitted to vote in board elections and other matters of corporate governance by pr…

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Shareholder Relations
1997 Jul/Aug Homeowners Insurance

Two weeks after Angel Agostino renewed her small insurance policy with Ron Tepperman, Inc., a base- ment fire caused her apartment to burn down and she lost everything. I got insurance because I thought the roof would leak, Agostino expla…

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