Tenants Looking to Curb Spending Self-Manage Buildings
(New York Times) — AUTUMN is in the air. Up next will be winter frost, colored lights, fancy windows, the ball dropping in Times Square — and, quite possibly, yet another annual increase in monthly charges for co-op and condo residents. Many factors are to blame for the increases: rising insurance premiums, energy costs and property taxes, among others. But as charges start to rival or even exceed some monthly mortgage payments, many people are wondering whether there’s a less expensive way. For some buildings there is. It’s called self-management.
