Our interview with Habitat Magazine about ‘Unfixing “Fixed” Costs’
The Folson Group was consulted about reducing waster costs in an unconventional way for Unfixing "Fixed" Costs by Marianne Schaeffer and Habitat Magazine. We discussed a technique that is incredibly affordable and results in substantial savings for any Coop or Condo where water is included in the resident's monthly fees. Link to article here. Please like, share and comment!
3 Small Expenses that make a BIG difference for your association
When we work with HOA, Cooperative and Condominium boards on cutting costs, they often want both significant and immediate results. Your association’s expenses should be reviewed on an ongoing basis in order for it to operate efficiently and generate wealth for the owners. Here are some of the small expenses that add up over time that too often are not reviewed and/or renegotiated and some tips on how to change all that.
Key Tips on How to Keep Your Residents Happy
In theory, keeping your residents happy should be fairly easy as their interests align with yours, since you too are a resident. However, serving on the board can become very political since you as a board member have been voted in to that position, not unlike a politician voted in to theirs. So what can you, as a board member, do to keep your residents happy?
6 Top Resources for New Co-op and Condo Board Members
This is Election Season for most NYC co-ops and condos. You have been recently elected to the board of your co-op or condo, your largest investment: now what do you do? You may be the best Attorney, CPA, Consultant, or Financial Advisor on the planet, but how much do you know about running a building?
4 Tips on How to Reach a Quorum
We help Co-op and Condo boards reach a quorum for their Annual Meeting, every year. For many buildings, every year is a struggle to get a quorum in order to have a legal election. With our assistance, Annual Meetings are well-attended and proxies from non-attendees are handed in ahead of time. Read our top 4 tips on reaching a quorum:
Why a Finance Committee is Essential
Audited financial reports are being prepared as we speak and will be issued to owners & shareholders in the next few weeks. In New York State, The Business Corporation Law requires them to be issued before March 31 each year. Does your building abide by that law? If it doesn’t, it surely needs a Finance Committee.
All Time High
New York Residential Property Values are reaching all-time highs, as demand continues to push up prices.
What can current owners do to further increase the value of their buildings, and help them stand out from their neighbors?
Beat the Odds!
It’s a New Year with New Beginnings and all-new New Year’s Resolutions. Here are some fun facts:
The #1 New Year’s Resolution is to lose weight
The #5 New Year’s Resolution is to stay fit and healthy
Packages around the Holidays.
It’s the holiday season, which is also high season for packages. Online shopping continues to become more and more common, and with the attendant shipping there will only be more and more deliveries. Packages are now being delivered seven days a week, at all times of day!
Be Safe AND Save Money!
As we “fall back” and adjust our clocks, many of us have heard that we should also change the batteries in our smoke detectors. In addition to doing that, here are some things that ensure a safer and more efficient (cheaper to run!) home: