Subscribe for Daily Updates!
we have narrowed our search for a management company to
Argo, Bunis, Midboro. would appreciate any feedback if you have had experience with these companies.
How does Argo handle internal conflict among shareholders?
Argo's been good at helping us figure out legal issues vis-a-vis Shareholder responsibilities for repairs, etc. -- we find if we then inform all parties involved in a dispute what their responsibilities are, they're much less likely to get "personal" with a conflict.
The Board in my building has made Shareholder communications a kind of "set piece" of our tenure. We interact clearly and often with Shareholders -- from elevator and bulletin board notices, to holiday parties that give everyone a chance to meet and mingle with neighbors, to a newsletter that keeps people informed. We've held informational meetings, too, when issues arise such as security problems.
You'd be surprised just how much a transparent Board can diffuse conflict, and how far the good feelings from a simple holiday party can stretch. Our building's residents consider one another as much friends as neighbors, and new Shareholders often comment that this atmosphere drew them to buy here.
Hope this helps....
I'd really caution against relying on recommendations made on a forum like this. You can get a highly recommended management company, but also get stuck with a disastrous management agent; we've been through this with a top-tier management company and the results were both costly and painful.
Interview the actual management agent you would be assigned and also ask for references and most importantly CALL ALL OF THEM. Ideally you want references for buildings using the proposed assigned agent for YOUR building. Then use your common sense. You should get a strong recommendation with some specific areas where the company does well, and other areas where it can do better. When you get too enthuasiastic a recommendation (e.g the company can do no wrong), put more weight into others. On the other hand, if you're seeing a lot of lukewarm "polite" recommendations, you might simply be seeing board members afraid if they convey the problems they're having they'll suffer the wrath of the management company.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
We've had Argo for about 4 years now, and are VERY satisfied with their service.
Our Managing Agent, Hedda Lennon, is well versed in nearly every aspect of co-op management; anything she doesn't know from direct, first-hand experience, she finds out and gets back to us immediately.
We've been through a roof replacement, hiring a new super (twice; the first left for a better paying position), storage cage installation, sewer pipe repairs.... you name it, we've been through it : )
I recommend Argo highly.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.