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Our Brooklyn co-op has kept the same managing agent, JAL Diversified for a year now. JAL has replaced the property manger 4 times this year. This has caused a number of issues in our building. Projects have not been completed. The shareholders have become even more suspicious of the board. The employees are confused about what is going on in our building. Shareholders have urged the board to change the managing agent for over a year now to no avail. Despite the fact that JAL Diversified has sent maintenance out late and still not issued a financial statement. Now they have replaced the property manager for the fourth time this year. What should shareholders do to make the current board be more proactive and replace our managing agent JAL Diversified?
Sharheolders have urged the current board to replace our managing agent JAL for months now to no avail. The building is not that difficult to manage but our board is all over the place. The current board does not communicate with one another, and as a result there is a complete lack of communication to shareholders. Hopefully at our next election things will change.
Get a petition together requesting a emergency meeting of the shareholders. Then see about getting the Board of Directors out of office, they seem to not be getting things done!
If you should go this route, have a slate of candidates ready to run for the Board.
Good Luck!
thanks for the information. We have an election for a new board coming up in month so hopefully this will lead to a new board and new managing agent.
Thanks for the info. Shareholders in our coop have taken your advice and organzied a petition. once we send the letter to the management and cc: the board what should we expect to happen.
I am an Account Manager for LRC. We provide affordable cleaning and maintenance services for residential properties. We are managing over 30 condominium and co-op properties in the NYC metro area. We can customize a cleaning and maintenance program to suit your individual needs.
I'd like to send you additional information about our services. Please contact me at hans@lrcny.com or at 347-867-4812.
I look forward to hearing from you.
Regards,
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Change the management company with another one.Way too much turn over in the property managers position. Is it the company or is your building too hard for the agent to handle?
Either way the building is suffering!
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