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Hi,
We've had our management company for 20 years and service is ok. We are searching for a company that will want to impress us with their responsiveness and up to date knowledge re CMA compliance and technology application to building management. We are pre-war building with 400 apartments in Brooklyn. We have good financials but outdated everything. We're used to having an onsite dedicated manager.
We are very interested in recommendations from Habitat readers. If you strongly to somewhat strongly recommend your management company, please be in touch.
Thank you!
I would shy away from EBMG (Mark Levine) I know a couple of friends who this company manage there Coops. They start off as hands on then they slack off with poor managing and caring about shareholders needs. They can't even handle my friends 2 buildings. Both have over 125 families.
With a building of 400 families you need a company with diversity and man power that can handle all your needs. That will not tax on fees for every little thing that is needed, raise maintenance fees, assessments every year.
I would do research on Managing agents, interviewing and meeting people that the company manage. Check fees, performance, employees they have. etc. This is not an easy task and needs a lot of investigating before you choose someone who can do the best for your building. It is extremely important because you are trusting them in handling all your important needs. I would turn to the Habitat to see all the managing companies, rating, employees and performance. I do suggest you start a committee of board members to do all this research. You'll thank me at the end. Best of Luck.
Hey there, it seems that you're searching for a property management company that brings fresh ideas and new technology to the table with a level of service that stands out. It's important, especially as regulations are continually evolving and technology is transforming how we manage buildings.
With my experience in the industry, I can recommend looking for a company that leverages technology to bring more transparency and efficient service delivery - while addressing your other concerns like CMA compliance. You're looking for a company that has recognized that traditional management methods have become a bit outdated and have made significant changes to improve responsiveness and seamlessly integrate technology in their operations.
I'm working in property management for Daisy, and I can tell you we have several pre-war buildings in our portfolio that have significantly updated their operations since signing on with us. We have a system approach where we combine technology and exceptional service. We offer an app that helps residents do everything in one place and provides board members with real-time financials to see how the building is doing.
At Daisy, we appreciate the value of having an onsite dedicated manager, so we pair that with a team of industry experts who manage all aspects of your building from boiler repair, to resident issues, to board meetings and more. This is just a small part of how we try to fulfill the needs of our clients. You can check us out at www.joindaisy.com to see if our methods align with your vision for your building.
Take this topic very seriously. Every company says what you want to hear, but after 1yr., 5 yrs. where are you? When a management company disrespects your shareholders, there should be a morals clause in their contract. Management gets away with their actions ONLY if the board approves or backs them. I know a management company has many demands on them but if it's too much then close up shop because that is your business. Out of curiosity what management would you recommend? What is considered standard salary for management companies?
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Hi, I know that you're not looking for self-appointed recommendations, but my firm, EBMG, is exactly as how you'd describe what you are looking for.
We're heavily involved in tech, customer service, compliance, building plant oversight, etc.
You can check out my regular podcast: https://podcasts.apple.com/us/podcast/nyc-real-estate/id1316217394
We've been in business since 1996 and manage roughly 100 coops / condos in the five boroughs, with 25+ in Brooklyn.
Please shoot me an email if you'd like to connect - mblevine@ebmg.com
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