10th Annual Treasurer’s Breakfast

10th Annual Treasurer’s Breakfast

Click the thumbnail above to watch the entire panel video, and use the time stamps to jump to the parts of the discussion that concern you the most.

Video Timestamps:

Manhattan real estate market update– 3:18
Queens real estate market update– 7:31

Price points and lower valuations– 10:05

Question:
 What impact will the covid-affected real estate market have on assessed valuations and taxes?– 11:50
Board approvals process– 16:27
COVID story and opportunities due to today’s climates– 19:10
Refinance opportunities– 26:00
Capital planning– 28:09
Question: Best ways to safely diversify Reserve Fund funds in a low interest rate environment– 30:06
Question: How to realistically plan for staff holiday bonuses during pandemic– 31:10
Question: If valuations decrease due to Covid-19, wouldn’t you expect the city to increase the tax rate to compensate for lost revenues and city budget issues?– 31:55
Capital planning– 28:09
Question: What are most buildings doing for staff as an extra bonus because of Covid?– 33:10
Question: How can condos generate proceeds from loans?– 34:06
Flight from the city– 35:38
Reassessing sublet policies–40:46
Comments from our Director of Closing, Diana Diaz, Esq. on subletting –42:50
Requirements of your underlying mortgage–44:50
Question: Can a board set a limit on how many sublets are allowed in a building?
Costs associated with sublets and further policies–47:25
Possibility of a 2nd wave–49:39
Question: Should the boards absorb pest extermination fees and consider it as a COVID-19 expense?–52:47
Commercial income as a line item–55:09
Arrears–56:39
Q&A–58:28

 

Argo Q3 Manhattan and Queens Market Update