New York City co-op and condo board members face an ever-increasing array of challenges. City ordinances are tough (and expensive) to comply with, especially climate change-related regulations. Then there’s the impact of inflation, rising insurance costs, and a slow sales market eating into expenses.
 
To help boards navigate these conditions, Brick Underground will co-host a webinar on creating a budget for 2024 at 12 p.m. on Wednesday, Oct. 18th along with Lindsay Liu, co-founder and CEO of Super, a property management platform, and Mark Levine, principal of property management firm EBMG, which oversees the operations of over 100 NYC co-op, condominium, and rental buildings.

 
The one-hour discussion will focus on how to build a realistic budget and manage costs for 2024, including increased costs for insurance, labor, and new types of expenses, such as Local Law 97 upgrades. Learn tips for successful short- and long-term planning, as well as ways to mitigate a variety of costs.
 
There will be an open Q&A, so get your questions ready and be sure to sign up here.

Not sure if you should attend? Here are some sample questions that will be addressed:

• What are creative ways for buildings to create new revenue streams?
• How can buildings handle rising insurance premiums?
• Is it worth paying for energy in advance and locking in a price? 
• How do you show a “good faith effort” to comply with Local Law 97?
• What is ‘prevailing wage’ and how does it impact taxes?

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