One woman found $340,000 sitting inside her own apartment building's finances, money nobody had been tracking until she decided to look.
Tina Larsson, co-founder of The Folson Group and a former Wall Street analyst, tells Sana how a quiet review of her co-op's books turned into a board takeover, then into a business helping other New York City boards find the savings hiding in plain sight.
About the Guest:
Tina Larsson is co-founder of The Folson Group, a New York City co-op and condo consultancy, and author of Living the High Life. She spent twenty years as a Wall Street analyst before organizing a board takeover in her own building.
Key Takeaways:
- Money can sit unnoticed in a building's finances for years until someone actually looks.
- A single board member rarely has power to change anything, a majority does.
- Vague expense categories like "other charges" often hide costs nobody has questioned.
- Comparing similar buildings can reveal you are paying twice as much for the same service.
- Reevaluating a cost you accepted as normal is often where real savings begin.
Connect With the Guest:
Website: https://www.thefolsongroup.com
LinkedIn: https://www.linkedin.com/in/tinalarssonli/
Instagram: https://www.instagram.com/folsongrp
Book: Living the High Life: How Smart Co-op and Condo Owners Protect Themselves and Their Investment (free first chapter at thefolsongroup.com/book)
Episode Chapters:
[00:00] Opening: the $340,000 hiding inside one building's finances (approx.)
[01:35] Meet Tina Larsson, from Wall Street analyst to co-op board member
[02:15] Why the annual fees kept rising with no inflation in sight
[05:44] How they secretly organized a board takeover with proxies
[09:48] Explaining technical building decisions in plain English
[12:20] Why "other expenses" hides costs nobody questions
[22:00] The lesson for any business owner who assumes nothing is broken
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