Monthly fees are your HOA’s main source of income. When they go unpaid, it can turn into a monumental financial problem, not to mention a pain in the neck for you. So how can you motivate homeowners to pay their fees — and do it on time? Full article here
The Folson Group 2018 New York Award
The Folson Group has been selected for the 2018 New York Award in the Real Estate Consultant category by the New York Award Program.
Investment Real Estate Broker Bill Weidner interviews The Folson Group's founders on how they got started and the financial benefits of hiring them for your property or building, or coop & condo. Listen here.
What you need to know before buying into a Community Association, Coop or Condo
One of the factors that many homeowners don’t think about is that for most of them, their primary residence is their single largest investment. Other investments are managed by financial professionals. But - if you live in a community association and are not on the board, you basically write a “blank check”... Listen here.
Controlling Legal & Other Costs
We spoke at the NYARM, New York Association of Realty Managers conference on the subject of "Controlling Legal & Other Costs" with Bruce A. Cholst of Anderson Kill. Discussion included financial analysis and treating your building like a business. Also, collection of uncollected fees, renegotiation of existing contracts, negotiation or renegotiation of projects, and implementing proactive policies & procedures that reduce overall costs of operating a building.
Disrupters in the Residential Real Estate Industry
New York City’s changing demographics is one of the factors stirring the way in which owners and shareholders either accept or object to their yearly increases in common charges or maintenance fees. Manhattan-based cost-consultant The Folson Group, is the answer to the demand to make buildings more cost-efficient in order to justify this growing need.
Most co-op and condo boards are hamstrung by fixed costs, which can eat up nearly 90 percent of the operating budget. The treasurer of this 165-unit Upper East Side co-op was particularly dismayed by her building’s water and sewer bill, which was...
We were interviewed by Marianne Schaefer of Habitat Magazine on how we helped one buildings greatly reduce its water use. Full story here
iHeart Radio - Green is Good Radio
Operating Buildings More Efficiently
JOHN SHEGERIAN on iHeart Radio's GreenIsGood: The Folson Group's Tina Larsson describes how a greener operations mindset mean big economic savings for residential buildings.
Cut your co-op monthlies: 5 ways to tackle 'fixed' building costs
By Leigh Kamping-Carder
Conventional wisdom says that almost all of a co-op building's expenses - about 90 percent by one estimate - are fixed, leaving shareholders little say on how their monthly maintenance fees are spent, and little room to save. Full story here.