Financial management for condos and co-ops is no simple matter, even for small buildings.
It takes a lot of knowledge and effort to keep up with bill-paying, monthly common charge collection, taxes, payroll, financial statements, and budgeting for these organizations. Many New York City residents worry about how this job is being handled even if they hire professionals. Are all the details covered? Is the organization in full compliance with the law? What about long-term financial planning?
Condo CFO delivers a disciplined and proactive approach to meet the comprehensive accounting and financial needs of self-managed buildings and larger homeowners associations. Our obsessive attention to detail and big-picture financial analysis lets you stop worrying, while our thorough, customized service makes the process easy on association leaders. Even better, the common charges individual homeowners pay are often reduced through effective and efficient financial management.
Felix has played a major role in setting our building financials on the right path! When we initially engaged Felix, our building’s finances were extremely disorganized, and the Board needed his expertise to undergo a major assessment of the current financial status and a long-term strategy for the building.
Felix is very knowledgeable. He is thorough and to the point – he makes sure he solves the issue. He lets us know if something comes up and is always prompt to respond. Felix’s services have helped our building manage expenses, build reserves, and keep maintenance fees unchanged for the last nine years!
Whenever someone mentions their tax problems or tax situations to me I always recommend Felix. With Felix you can ask as many questions as you like; he is always there for you. He has a vast knowledge of accounting and business, and he is a very honest individual.
Condo CFO has been a complete game-changer for our building. Prior to finding Felix, we fumbled our way through so many different management companies and our finances were a disaster. (Sadly I’m sure we lost a good bit of money along the way too.) Felix came in and straightened it all out!
252 West Owners Corp is a six-unit self-managed brownstone co-op. Over the years, self-managing our co-op had become too much for our small group. We are very fortunate to have contracted with Felix Rozenbaum of Condo CFO to be our outside financial manager. Over the past three years, he has become a vital, valued part of our co-op.
He is fantastic. Every time I have a problem, big or sometimes small – anything – I will call Felix. He shows me how to do things that I didn’t know how to do or was doing incorrectly. He cares about his clients; he explains and shows how they have to manage to be within the law.
Managing our small COOP’s finances had become increasingly time-consuming. We didn’t want the expense of a full-service management company, and Felix fit the bill perfectly. He manages everything very efficiently and set up the system online so we retain a clear view of current finances and are part of the bill approval process.