Before contractually agreeing to paying thousands of dollars of maintenance fees each month, let me provide you with the insight and analysis for an informed co-op purchase for a flat $1,000 fee, with no upfront payment required. You only pay after our final call and receiving your comprehensive report.
Too frequently, buyers hear that after closing on a co-op, a special assessment in excess of $10,000 is levied for several years, or maintenance charges increase more than 20%, which significantly affects the value of your home. We will give you the confidence and understanding of how the co-op works, and how likely one of these nightmare scenarios might be.
Here are a few of the questions that Co-Op Insight will answer:
- How much can I expect my maintenance to increase year to year, and what drives those increases?
- If the co-op decides to re-do the roof or elevator one year into buying, will that likely be funded through an assessment or through existing funds?
- How much of my maintenance charges will be tax deductible?
- What is the current state of the co-op’s reserve fund?
- What is the financial health of the co-op overall?
- Are there any significant upcoming capital projects?
- What is the history of the co-op's operating deficits or surpluses?
- How does the co-op’s financial health compare to similar co-ops in the area?
- How transparent is the co-op board with financial disclosures?
I am a CPA who has worked in the financial due diligence industry for 12 years. What this means is that I've worked for buyer's when they purchase or invest in a business within the real estate, wealth management, and insurance industries.
I have reviewed thousands of financials for small businesses throughout my career and can understand that it can be a daunting process. These financials can be hard to understand, vary significantly by co-op, and even be incorrect at times. In financial due diligence, we rarely receive all of the information we request, so we are experts at analyzing the data we have to identify opportunities and risks.
After helping friends through dozens of co-op purchases and doing multiple for my wife and myself - I've recognized a gap in the market for dedicated, buyer-side financial review services. Given that purchasing a co-op is likely the largest investment one will make, I am committed to offering this specialized service to help others navigate this challenging process with confidence.
I currently work for an acquisitive real estate firm doing these types of examinations, and I will be working on Co-Op Insight (non-competitor) as a side-job on nights and weekends. If you have any questions about the process or my experience, please feel free to contact me.
Complete the 4 fields in the Get Started form.
I will review the building and provide a list of documents that you'll request from the co-op.
After you receive a response to the requested documents, please e-mail me the files you received from the co-op.
Within 48 hours I will provide my findings report on the building financials for your review. After reviewing you can set up a 30-minute call to discuss my findings or any questions you still have.
No upfront commitments or payments needed. You'll only pay after receiving your detailed report and having the opportunity to review and ask questions. This ensures you get the value you deserve without any risk.
I prefer a simple fee structure so that pricing is transparent and easy to understand. Each assessment takes several hours but flat fee structure is easy for you to plan and understand up front.
