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March 10, 2009
changing managing agent
The managing agent for our 7-unit brownstone coop does a very poor job - unresponsive to board requests, provides poor services, does not inform residents of major issues. The building has kept with the management company (which also owns a few of the smaller units) on the theory that small buildings are unattractive for building managers and we would just get equally poor service elsewhere. Has anyone else made a managing agent change? Any recommendations, either about the process or about other management companies we should consider? Thanks.
Comments
Heard good things about Brownstone Management...
Posted by: Brooklyn Plumber at March 10, 2009 9:54 PM
We've also been specializing in small-building management in the Brooklyn area. We are LI based, but have a fully equipped satellite office in Brooklyn. www.ebmg.com.
I can be e-mailed at mblevine@ebmg.com
Posted by: mblevine at March 11, 2009 6:55 AM
Call Anthony Musto of Crosstown Management. They manage & own several properties in Park Slope & throughout Brooklyn.
(718) 937-8100
Posted by: alrosariojr at March 11, 2009 8:28 AM
Have you considered self management? We are a 6-unit condo that has self-managed for over 5 years and it works great. Cheap, too (obviously!).
I presume the fact that you are a coop might make it a little more complicated, but not overly so....
Posted by: curiositykilledthecat at March 11, 2009 10:58 AM
Managing Agents are the worst people in the RE industry. Say what you will about Brokers and Lenders, managing agents are the worst.
Do you due dilegence when searching for a new one. I've had many managing agents charge $50-$100 for a questionnaire to be completed for lending purposes. They don't even fill out the form half the time. They just send you a boiler plate form that they already have. $50 to fax 1 piece of paper. $250 bucks to have recognition agreements stamped, poor turn times etc...
I had a client lose out on a great interest rate because her coop managing agent took 3 weeks to send back a 1 page fax. I had the share holder screaming bloody murder on the phone and they still told her that it was a 3 week turnaround time.
Posted by: Adam Dahill at March 11, 2009 11:37 AM
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