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12 Tips to Keep Your Units Full
Fill Your Units
You can never get back the money you lose when a unit stands empty. Whenever a member gives notice, it’s important to get the word out, which is usually the responsibility of the manager. As soon as a prospect gets in touch, your co-op needs to follow up promptly. Otherwise, they will go elsewhere.
Protect Your Assets
Your co-op has three main assets, although only one appears on the audited financial statements.
Your money and buildings
Protect your co-op‘s property by buying the right insurance in the right amounts. All housing co-ops need five kinds of insurance: property, loss of housing charges, public
Q&A: Annual Information Return (AIR) For Housing Co-ops
This is a short guide to better understanding the Annual Information Return (AIR) for housing co-ops and the importance of filing on time.
Q&A: Annual Information Return (AIR) For Housing Co-ops
What is the Annual Information Return (AIR)?
The Annual Information Return is the online form your auditor files on your behalf with the Agency for Co-operative Housing. Several back-up documents accompany the filing:
- Your signed audited financial statements for thefinancial year
- The co-operative's
Thank you from Your Friends at the Agency
Your co-op’s needs and concerns, as we understand them, are at the core of the services and tools the Agency provides. We aren't perfect, and we recognize that our delays and technical issues have frustrated our busy co-operative clients.
We are deeply grateful to you for your patience and
User Management System - Co-op Admin User Guide
Coverage for Loss of Housing Charges
Being under-insured puts a co-op at risk. Insurance protects against a misfortune that strikes without warning. In a housing co-op anything can happen, from a fire - several major fires have occurred over the past few years - to a staff person or president gone missing, along with the entire capital
Your Insurance and Legal Grow Ops
Under new federal rules introduced in August 2016, landlords have little recourse if a tenant is growing licenced medical marijuana in their unit. There’s a risk, though, that insurance policies will not cover damages from any activities deemed ‘high risk’, and, in most cases, the operation of a
Tip of the Month
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.