"When you lose confidence in the way your condo or coop finances are managed, that's when I come in to make sure that you NEVER lose that confidence again." Felix Rozenbaum, CPA – Condo CFO Founder
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. 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. We are not your typical CPA firm that prepares tax returns, financial statements or conducts audits. Neither are we a typical property management company that handles maintenance requests and homeowner communications. We are an independent party that serves as a property’s CFO and financial manager, ensuring:
• Proper internal financial controls
• Real time financial reporting and access to your condo or coop records
• Compliance with labor laws, worker’s compensation, disability, sales and income tax laws
• Accurate budgeting, calculation and collection of maintenance fees
• And so much more! Whether working in tandem with your property manager or collaborating with the board of a self-managed building, Condo CFO delivers the accounting, bookkeeping and financial advisory services to operate smoothly and increase the value of your building and the individual homes within it. We become part of the building’s team, attending board meetings and help your board make better financial decisions. We’ve designed our services to help you keep your maintenance charges as low as possible while keeping your association in full compliance with all laws and regulations. Contact us to discuss how Condo CFO can give you and your community of owners the comprehensive financial management your building needs at a reasonable monthly cost.
