))
First-Time Condo Buyers Beware: The Real Story Behind 'Affordable' Monthly Charges
Manage episode 452072118 series 3534645
Konten disediakan oleh Habitat Magazine. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Habitat Magazine atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Transitioning from a developer to a condo board can bring unwelcome surprises and stark choices. That was the case at a Brooklyn condo, when new management took over and discovered owners were paying only half the amount needed to cover basic operating expenses. The artificially low monthly charges—which had attracted many first-time buyers—were temporarily masked by reserve funds that were rapidly depleting. Anes Radoncic, managing partner at VNYPM Property Management, tells the tale to Habitat’s Paula Chin, from discovering the shortfall to the board’s bold move towards financial stability.
How To Run Your Building: For Co-ops and Condos
35 episode
Bagikan
