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I would appreciate getting recommendations for very low-cost management companies. I live in a building with very few units, and our inexpensive management company doesn't provide timely services. They also seem lacking in knowledge about minimal safety procedures (e.g., providing clear exit signs in case of fire). We have to nag and nag to get them to fulfill their responsibilities. Recommendations for management companies that provide minimal, but competent, service would be helpful. Thanks!
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visit habitat uHabitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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The Habitat comes out every year with names of all managing agents with ratings, employees and how many buildings they manage. Use the search to find it.
You can also check around your area buildings they have the managing agent listed as you enter the building. Ask them questions about the agent.
As I have been talking to several board members they recommend changing managing agents every few years. They do get lack/lazy managing employees, shareholders complaints, building safety or anything that needs managing. Most agents leave the jobs up to the building board. Make sure you do your homework in checking all managing agents before you sign a contract. I know a couple of buildings that have to change agent until they find a perfect fit. Good Luck
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