September 14, 2021 | 08:30 AM - 09:30 AM

Ask Our Experts: Effective Building Budgets for NYC Condo & Co-op Boards

Online Webinar , NY
As a board member, approving your building’s annual operating budget is one of your most important responsibilities. To help guide our boards, FirstService Residential’s in-house experts will discuss best practices to effectively manage reserve funds, strategies to reduce costs, the importance of anticipating insurance, labor, utility and real estate tax rate increases and the role the board plays in the budget approval process. 

What We’ll Cover

  • Calculating Insurance, Labor, Utilities & Real Estate Tax Rates
  • Reviewing Current Mortgage & Alternative Options
  • Effectively Managing Reserve Funds
  • Strategies to Reduce Utility Costs & Carbon Emissions Penalties
  • Board Member Roles & Responsibilities

Our Experts

  • Michael Wolfe, President, Property Management, FirstService Residential
  • Stacy Sierota, Director of Financial Management, Condo Co-op Division, FirstService Residential