New York's Cooperative and Condominium Community

Habitat Magazine October 2020 free digital issue

HABITAT

ARCHIVE ARTICLE

The Business of Management in 2020

When co-op and condo boards start shopping for a property management company, they’re effectively looking for a partner in marriage. This is no time for speed dating. To help boards find the right match, we’re bringing you our annual Business of Management issue. Here is a look at the inner machinery of 47 of the city’s top property management companies. You’ll learn vital stats – the age, size, and geographic reach of each company. You’ll learn their fee structures – including the base management fee and the menu of ancillary fees for handling everything from lead-paint notices to energy benchmarking and capital projects. What sort of financial controls does the company have? Is there an in-house compliance department? How many documents are digitized? And what sort of fees are passed on to residents?

Digesting this motherlode of data will take time, but it will be time well spent. Hiring a management company is a major decision. We want to help you make the choice that’s right for you.

Download the charts here:

Business of Management in 2020

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