Posts Tagged ‘property management’
Governing Condo/Co-Op Elections
In many ways, co-ops, condos, and HOAs can all represent the most basic form of representative democracy. How? Read on to see what transpires in the event of a shareholder meeting. Governing Docs Where does the authority of the board come from, and how must board members be chosen? That’s usually determined by a community’s…
Read More5 Key Responsibilities of a Condo Management Company
If you are a condominium owner, you know how much work goes into maintaining and managing your property. It can be a full-time job between upkeep, resident relations, and budgeting. This is where a professional Condo Management Company comes in. This blog will discuss five key responsibilities of a condo management company in Brooklyn. Maintenance and…
Read MoreHow Property Management Companies Shield Landlords from Costly Mistakes and Headaches
Being a landlord in Flatbush can be a rewarding investment opportunity, but it comes with a host of responsibilities and potential challenges. Managing properties, dealing with tenants, and navigating the intricacies of rental regulations can quickly become overwhelming and lead to costly mistakes. This is where a trusted property management company steps in, serving as…
Read MoreHow Frequently Should The Board Conduct a Reserve Study For Your Building?
You can learn more about the modifications required to keep your apartment complex running by ordering a reserve study. A reserve study should happen every three to five years.
Read MoreChatGPT Implementation In The Property Management Sector
The AI-powered chatbot ChatGPT, which employs machine learning and natural language processing (NLP) to produce human-like conversations, has the potential to be used in a variety of fields. This includes the property management sector, which historically relies heavily on labor and paperwork. Many property management companies are looking to automate their customer service, reduce response…
Read MoreWhat Does a Property Manager Do?
A condo, co-op, or HOA can be significantly impacted by a property manager.
Here are some things you should anticipate from your property manager.
Read MoreHow to Know When It’s Time to Switch Management Companies
It’s common for landlords to break up ties with their property management. Here are five explanations of why this occurs: Communication Breakdown: The property manager does not reply to calls, texts, or email messages from the landlord. The landlord could become upset by this as they feel ignored by the manager. One business day is…
Read MoreHow to Choose the Right Property Management Company
Property is a worthwhile endeavor with long-term advantages. As Owners, we know what it means toneed responses quickly to problems. It might be a source of income if properly managed. And if we don’t,we could face legal action and disgruntled customers pounding on our doors. Most people don’t knowhow to manage the property to optimize…
Read More