Most of you have heard about the effect of compounding. This is commonly known and spoken about in investments. According to Merriam-Webster it is “to pay (interest) on both the accrued interest and the principal.” The opposite is true as well. Although not often talked about, the effect of compounded savings, or reduction in expenses can be significant. We helped one association cut one particular expense, which over the next 10 years will save them, using some reasonable assumptions, over $240,000.

Business, ManagementTina LarssonFebruary 13, 2017coops & condos, cut costs, CompoundComment

6 Top Resources for New Co-op and Condo Board Members

This is Election Season for most NYC co-ops and condos. You have been recently elected to the board of your co-op or condo, your largest investment: now what do you do? You may be the best Attorney, CPA, Consultant, or Financial Advisor on the planet, but how much do you know about running a building?

Management, BusinessTina LarssonApril 30, 2016Board, Education, Annual MeetingComment

The FolSon Group Partners with Spire Group, Inc., Providing FolSon's Cost Cutting Services to NYC Co-ops and Condos

New York, NY, June 26, 2015 (Newswire) -The FolSon Group, a leading financial consulting firm to residential building management teams, is excited to announce a strategic partnership with Spire Group, Inc. Spire is an industry-leading full-service NYC real estate brokerage and consulting firm.