Did Your Building's Budget Problems Start Years Ago?

You probably think your board is managing your building’s finances responsibly. But are you certain? In this episode, three of New York City's leading property management CEOs discuss case studies that expose how buildings can easily spiral into crisis. Peter von Simpson of New Bedford Management, Michael Feldman of Choice Management, and Dan Wollman of Gumley Haft Management share stories about inheriting buildings with conspiracy theories running wild and boards in denial about their financial reality. The conversation reveals why some buildings operate for years with maintenance charges that don't cover actual costs, and what it really takes to rebuild trust when a community is fractured. Through these real-world scenarios, the managers reveal patterns that repeat across buildings, and what your board can do to course-correct before it’s too late. Habitat's Carol Ott conducts the interview.How To Run Your Building: For Co-ops and Condos