New York based property management firm, All Area Realty Services blog. Find tips for Co-Op Boards & Residential Building Management.

Do You Have A Bad Neighbor? Follow Our Guide To Approaching Your Co-Op Board About Making A Case For Eviction

Posted by All Area Realty Services Team on Dec 8, 2017 10:20:00 AM

Real estate in New York City can be difficult to navigate especially when determining whether to buy a co-op or a condominium.  Many people prefer to buy condos, even though they cost more, because there is no co-op board telling you what you can and cannot do. However, a co-op board has the power to evict a resident who is causing trouble.

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Are You Suspicious Of Your Building's Property Management Company?

Posted by All Area Realty Services Team on Dec 5, 2017 1:40:28 PM

In previous blog posts, we discussed the benefits of a professional property management firm. However, what if you suspect your property management company is corrupt and taking kickbacks? Keep in mind, that it is quite rare for property management professionals to be corrupt.

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Topics: Property Management

Why A Property Management Company Ensures Profitability In An Investment Property

Posted by All Area Realty Services Team on Nov 30, 2017 4:09:30 PM

How can you determine profitability in an investment property? Most often, it relies on the quality of the apartment property management. There are some general principles to follow to make sure that the property operations run smoothly.

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Topics: Property Management

Want A Seat On Your Co-Op Board? We'll Tell You How You Can Get That Seat!

Posted by All Area Realty Services Team on Nov 28, 2017 2:07:05 PM

All co-ops have a board of directors who handle the co-op’s business. Some boards are better than others. If your co-op board is in need of new blood and you want to run, how can you win a seat? The key is a combination of research, preparation, and grassroots organizing.

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Topics: Co-Op Board

Looking To Buy A Co-Op In New York?

Posted by All Area Realty Services Team on Nov 14, 2017 2:19:26 PM

In New York City, there are numerous cooperative housing buildings. Co-ops are different from condominiums and single-family homes. What are the differences between them? A buyer should know the differences before buying an apartment.

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The Best Residential Buildings Work With Property Management Firms

Posted by All Area Realty Services Team on Nov 10, 2017 2:45:48 PM

The best buildings are buildings where the board and a professional property management firm work together.  Both need to collaborate to implement policy, carry out administrative duties, and make decisions regarding the building’s operation. Management contracts can lay out the duties of the property manager and the board. Each party needs to understand their role and obligations for the building to run smoothly.

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Topics: Property Management

Why Do Co-op Boards Need To Approve Buyers?

Posted by All Area Realty Services Team on Nov 7, 2017 1:21:45 PM

In New York City, many apartment buildings are cooperatives (co-ops) and these co-ops have boards, which approve new buyers. Before buyers can purchase a co-op, the board needs to approve the buyers. This board approval can turn into a long and tedious process.

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Should You Hire A Reliable Property Management Company Or Manage The Rental Property Yourself?

Posted by All Area Realty Services Team on Oct 31, 2017 12:58:19 PM

So you've decided that you want to start investing in real estate and to become a landlord. Should you hire a reliable property management company or manage the rental property yourself? Here are some things to think about to help in your decision.

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Keep Tenants Happy! Good Tenant Retention Is Important For Any Property Investor

Posted by All Area Realty Services Team on Oct 27, 2017 1:46:57 PM

Most real estate investors want high retention rates and low turnover. In order to achieve this, the tenants must be happy. What are some ways to keep tenants happy? Here are some perks and incentives to offer new and existing tenants.

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Thinking About Hiring A Professional Property Management Company?

Posted by All Area Realty Services Team on Oct 24, 2017 1:47:23 PM

Contractor Relationships

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