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Need new Mang Company suggestionsFeb 16, 2008


We are interviewing for a new mang company! If you have any suggestions please forward...

We have about 100 units
20 yr coop
Middle income building owners
Manhatten East Side

In our 20 year history, we have not had a large Man turnover and in general this is not a difficult building, but our present Mang company has turned into a disaster. We are relieved to know that it is not only us -- another of thier buildings have called with the same problems.
If you have a good company -- please forward thier name...
Thanks,, AliceT


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Managing Agents - RLMcKee Feb 17, 2008


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

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managing agents - richs Feb 17, 2008


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,

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Mang Agents... ??? - aliceT Feb 18, 2008


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


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Re: Mang Agents... ??? - richs Feb 19, 2008


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.

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Manangement Companies - AliceT Mar 08, 2008


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

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our mgt co. - rich s Mar 16, 2008


Alice

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

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Mangement company - AliceT Mar 18, 2008


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

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management company - richs Apr 25, 2009


hello Alice T

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

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MangCompany - AliceT Feb 24, 2008


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.

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Management Co - Pres Feb 21, 2008


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.

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Questions for New Mang - Alicet Feb 22, 2008


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

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Questoins to ask - Pres Feb 23, 2008


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?

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Management Company - Pres Mar 10, 2008


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

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Management Company - Another Pres Mar 13, 2008


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

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Re: Management Company - downtowner Mar 14, 2008


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.

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Management Co. - Larry Mar 15, 2008


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.

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Management company - Miriam Mar 15, 2008


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

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New Management Co. - Management Consultant Mar 12, 2008


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

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