Latest / How To Run Your Building! For Co-ops and Condos
Your Commercial Unit Owner May Be Secretly Costing You Thousands Every Year
Surprise! You might be subsidizing your commercial unit owner's expenses. This eye-opening conversation with property management expert Greg Poverelli, senior property manager at Harlem Property Management, reveals a costly mistake that's bleeding money from countless condo buildings across New York City.
Many boards discover too late that their commercial units have been dramatically underpaying common charges for years — sometimes by tens of thousands of dollars The culprit? A dangerous mix-up between offering plans and actual governing documents that lets commercial owners off the hook for…
The skinny
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