2008 July
Focus on... Budget & Finance

Finance
2008 July Not in the Garden State

New York co-op boards are notorious for scrutinizing prospective buyers with the intensity of federal investigators. The application and interview process can be lengthy and exhausting for someone looking to move into a cooperative. As s…

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Finance
2008 July When, How, and Why

Boston, Massachusetts may seem worlds away from the serene Garden State, but the story of one embattled condo building there represents a dire cautionary tale for boards and managers everywhere. A couple of years ago, the residents …

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Finance
2008 July Who Makes the Cut in New Jersey's Co-ops?

Imagine this scenario: you’re trying to purchase a co-op apartment, but also in the midst of a divorce. The board, concerned you may have to shoulder additional child support and alimony payments, fear that you might be unable to meet yo…

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Finance
2008 July Money Makes the Board Go Round

They don’t call it “the bottom line” for nothing. When all is said and done, pretty much everything in business (okay, pretty much everything, period) comes down to money. In most business situations, a company CEO or president has the f…

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Finance
2008 July Stopping Sprawl, Growing Greener

For many years—or at least until the energy crisis of the 1970s—urban and suburban planners didn’t seem to care much about conserving natural resources. Suburban towns were laid out in such a manner that you had to drive everywhere—even …

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Finance
2008 July A Town on the Edge

Nestled on three and a half miles on the Hudson River at the foot of the Palisades, Edgewater borough is a small nugget of New Jersey’s Gold Coast. With a growing, young population looking for proximity to Manhattan, as well as a communi…

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Q&A
2008 July Q&A: Builder in Control of Meetings

Q For the past three years, I have lived in a condominium complex that was built approximately five years ago. The condo association is composed of five members, three of which include the builder and two others employed by the builde…

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Q&A
2008 July Q&A: President as Maintenance Supervisor

Q We have a situation at our condo association regarding the likely possibility of changing our maintenance from a contractor to a direct hire. It has been widely speculated that our board president would be the candidate for the position…

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Q&A
2008 July Q&A: Locking Out Non-Paying Owners

Q We have a number of apartments in our condo where owners have not paid maintenance for a few months. As our condo is in the process of legal action and collection can we stop their access to the apartment until the bad debt is paid? Rig…

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