The Argo Corporation has been very, very good for our co-op.

we changed management companies last year and our three finalists came down to argo, midboro and andrea bunis.

we are a 400 unit coop in downtown manhattan,

Thank you for your info... However of the three you mentioned, we have recieved extreme negative feedback on one... could you tell us who you hired... Thanks, AliceT

re: extreme negative feedback

now you have me wondering about which company you are talking about.

in a vote of the BDs midboro won by one vote over argo.

Richs, Did you receive my last message about your Mangement company?//

Alice

i did not receive your comments about our mgt company. please resend

Dear Rich, Dont mean to be vague, but at this time my advice is that every board member read the Manangement agreement, keep every Email -- have Owners CC Board members with thier complaints to your Mananger, and check the accounts...And remember, the Mananger and Manangement company works FOR the Coop...
Which, is probably good advice for any board.
AliceT

hello Alice T

i hope you still read these boards. please pm at the listed email address.

Because of the Habitat new format, I dont know if you will get this, but you may want to make sure that the whole board has a copy of the Mang agreement.

I have a management company to recommend, a start up, but the managers are licensed and have over 25 years experience.

Veritas Property Management in NYC. 212-799-2365. Tell them PPS referred you.

The Pres.

We plan to start interviewing for a new ManCo immediately --could any of you give us any pointers. Questions you asked, or issues you felt were important..

Thank you... AliceT

Here some questions we asked when interviewing new managment companies: Good luck...

How much is your management fee?

Provide a list of names and numbers of other coops you represent in our area? Reference purposes only.

How many managing agents do you have?

How many buildings does your company manage?

How many buildings do each managing agent have to manage?

Are your managing agents licensed?

How many years have you been in business?

What accounting systems do you use?

How often do your managing agents visit their buildings?

Do you have managing agents that speak a foreign language?

Have you managed buildings that are union?

Veritas Property Management are great. 212-799-2365.

What is Veritas Management great at? No one on our board never heard of them. Please eleaborate. Thanks.

Be on guard. When our former management company heard they were not in consideration they messed us up badly. Almost a year later we still have missing files and statements. Only under the threat of a lawsuit did they give us files. Monthly accounting statements were delayed. The former manager refused to sign off so that our accountants could certify our annual report. And they were late in submitting bills which resulted in thousands of dollars in penalties and a downgrade of our credit rating with D&B. This is just a condensed version of what went wrong

This was a major NYC management company not some fly by night.

We had the same experience with many management co. So do many other co-ops,just look at all the co-op that keep switching.

We decided about ten years ago to become self managed. We took responsiblity for our own actions. No more lost records,late tax payments etc.

Ted I would like to have your email address to share about this. I'm curious if it is our same
M

After a 30 year succesfull career in the Coop/Condo Management industry I have started a consulting service which among other services assists Coop and Condo boards in the management selection process at a very affordable fee. If you are interested please contact me at nyc.retailman@gmail.com