Category: Finance

Finance Budgeting and the Bottom Line
2014 July Budgeting and the Bottom Line

Preparing the annual budget is by no means an easy task. Those charged with preparing cooperative, condominium or HOA budgets will soon begin reviewing costs, gathering data and projecting expenses for the coming year. Communities, busines…

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Finance Keeping the Books
2014 April Keeping the Books

The New Jersey Cooperator’s Condo, HOA & Co-op Expo, a must-attend event for the Garden State’s property managers, board members, real estate professionals, shareholders and unit owners, will showcase nearly 250 exhibitors from throughout …

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Finance Bank on It!
2014 April Bank on It!

The New York-New Jersey metropolitan area probably has more banks and other financial institutions than anyplace else in the country. Wall Street is located in Manhattan, after all, and several major banks are headquartered in the Garden S…

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Finance Dollars & Sense
2014 February Dollars & Sense

Even before the economic meltdown and the media storm swirling around the thievery of money men like Bernie Madoff, financial mismanagement and fraud have been destructive problems for many co-op and condo owners. A co-op or condo is…

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Finance Worst-Case Scenarios
2014 February Worst-Case Scenarios

New Jersey has had its share of hurricanes and weather disasters over the years, and while sometimes there's ample warning before something calamitous happens, that's not always the case. A bad situation can be made immeasurably worse when…

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Finance The Good, the Bad and the Ugly
2013 September The Good, the Bad and the Ugly

With natural disasters causing catastrophic property damages becoming more common, associations must be prepared for unexpected expenses, such as a major roof repair, or the installation of a new heating and cooling system. These major cap…

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Finance Follow the Money
2013 July Follow the Money

 If you want to find out about the history of a town, region or country, head to  a museum or look it up on the Internet. If you want to find out about your  family’s history, look at your photo album, whether it’s in a book or online. And…

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Finance Coping With Arrears
2013 July Coping With Arrears

 The foundation of any properly run condo association or co-op building rests on  residents paying their monthly maintenance fees on time and in full, with no  delays or delinquencies. However, thanks to the lingering effects of the ebbing…

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Finance Watch Your Language
2013 July Watch Your Language

 The vast majority of both one-time projects and long-term service contracts  involving vendors and service providers and their condominium or HOA clients go  smoothly and either conclude or continue without incident. However, a small  per…

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Finance Stronger Than the Storm
2013 July Stronger Than the Storm

 The feel of the sand and the sun; the smell of sunscreen, and the view from the  boardwalk carry a huge importance for New Jerseyans and the Garden State's  economy. Last year's Superstorm Sandy almost completely destroyed many of the  se…

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