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.
 

A Reminder About Building Condition Assessments

As your buildings age over time, it’s important to know what will need to be fixed and when. Not to mention how much it will cost.

That’s where a building condition assessment (BCA) report comes in.

What is a Building Condition Assessment?

A BCA is a report prepared by a qualified consultant who examines your co-op’s buildings and property. They assess the architectural, mechanical, and...

Read more

Infectious Arrears

In co-ops where board members are behind on their housing charges, the amount all members owe is almost four times higher than in co-ops where board members pay on time. This number speaks for itself.

Get Paid

Good Vacancy Loss

Some vacancy loss is by choice, because units are being refreshed for new members. So not a loss but an investment.

Fill Your Units

Co-ops without Paid Managers

Since 2007, the percentage of co-ops without paid help is down by more than half to a mere 2% of Agency clients. Another 12% just have a lonely bookkeeper.

Hire Good Help

Vacancy Loss

The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.

Fill Your Units

Risk Trend

92% of Agency clients have a Strengthening or Stable risk trend. Proof of many good decisions.

Managing Your Business

Plans in Action

The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.

Plan for the Future

No Vacancy Loss

28% of Agency clients lost no money to vacancies last year. Good, if this means members chose to stay in their units. Bad, if new members moved into units that hadn’t been refreshed.

Fill Your Units