Partners in Your Success

 

Managing Your Business
 

Caring for your buildings
 

Protecting The Environment

Blueprint for Success

1
Set your charges to meet your costs
First, take note of all your expenses. Then set your charges high enough to meet them.
2
Fill your units
An empty unit is money gone forever. Here’s how to lose less to vacancies.
3
Collect what you’re owed
Members have to pay on time so the co-op can pay its bills on time.
4
Refresh, renew, replace
As your buildings age, they wear out. They’ll last longer if you give them the care they need.
5
Save for the future
Money you set aside now is money you won’t have to borrow later.
6
Insure your assets
Your property is the source of all your income. Keep it covered.
7
Enjoy your co-op
You deserve it.
 

Mortgage Financing: What Are Our Options?

Your co-op is seen as a business by private lenders, including credit unions, banks and others. So, when you start looking for a mortgage loan, your co-op will be eligible for a commercial mortgage, rather than a residential mortgage. Often lenders post residential mortgage rates on their website; however, to find out the commercial mortgage rate, you would have to contact the lender directly....

Read more

Good Vacancy Loss

Some vacancy loss is by choice, because units are being refreshed for new members. So only a loss in name. Actually an investment.

Fill Your Units

Co-ops without Paid Managers

Since 2007, the percentage of co-ops without paid help has fallen by more than half to a mere 3% of Agency clients.  Another 12% just have a lonely bookkeeper.

Hire Good Help

Vacancy Loss

At last count, Agency clients together lost $3.2 million to vacancies. That's down 47% from 2008.The improvement speaks for itself.

Fill Your Units

Vacancy Costs

Half of Agency clients have an annual vacancy loss below $33 a unit. The lowest ever!

Fill Your Units

Risk Trend

89% of Agency clients have a Strengthening or Stable risk trend. Solid management? Better governance?

Managing Your Business

Plans in Action

The average co-op with an approved capital replacement plan tucks away more than $2,700 per unit in reserves each year--almost double the 2007 amount of $1,165. Future generations of co-op members thank you.

Plan for the Future

No Vacancy Loss

31% of Agency clients lost no money to vacancies last year.

Fill Your Units