Don’t sleep on these income generators:
Insurance policies are projected to increase 15-30%.
D&O liability insurance protects boards from:
Have a live-in resident manager? Your building's on the hook to pay the taxes on that unit.
Boosting staff morale can improve job performance and retention rates.
32BJ benefits (excluding payroll) are expected to increase 4.5% next year.
With overtime fees, a third-party security contract could cost way more than hiring a doorman directly.
You can expect contract fees to increase roughly 3-5%
Break up with costly emergencies by investing in a predictive maintenance plan.
Fannie May and Freddie Mac suggest contributing 10%.
Stop overpaying on capital projects. Save that 8.875% in sales tax by filling out a Certificate for Capital Improvement form.