News Briefs

Five Ways a Co-op Board Protected Its Building from a Shady Managing Agent

It’s wise for boards to have “trust but verify” policies when it comes to building management, including: preventing the commingling of funds, maintaining control over the reserve fund, reconciling accounts every month, and more.

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Queens Co-op Capitalizes on Freak Storm to Make Fixes

It looked bad when it hit, but this storm had a big silver lining: between insurance coverage for a new roof and avoidance of a new assessment, the co-op saved $2.5 million!

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