Get Your Board Head Out of The Sand

If a co-op or condo building operates at a deficit, there are only two outcomes – payables are late and cash erodes. That’s what Daniel Wollman, CEO of Gumley Haft, found when he was re-hired at a condominium his firm had managed over a decade ago. How its financial condition eroded and the steps it took to regain financial health are shared in this interview, conducted by Habitat’s Carol Ott.How To Run Your Building: For Co-ops and Condos