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

Changing Property Management Firms In A Professional Way

Posted by All Area Realty Services Team on Feb 22, 2018 2:46:51 PM

Sometimes, it is inevitable that a co-op or condo board will decide now is the time to change property managers or the entire property management group. For many co-op and condominium residents, this can stir up a little drama if the board does not handle this transition smoothly. How do you handle changing property management firms in a professional way? We’ll outline some of our top tips so keep reading!

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Topics: Co-Op Board, Property Management

Has The New Board Member Law Affected Your Condo Management Company?

Posted by All Area Realty Services Team on Feb 14, 2018 2:29:05 PM

In January a new law went into effect that stated board members relating to Cooperative or Condominium Associations must provide an annual report to it’s members. These reports will serve as an additional reporting process that is now required lawfully by New York. 

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Topics: Co-Op Board

What Is A Co-Op Board Package? 

Posted by All Area Realty Services Team on Feb 12, 2018 4:01:38 PM

Recent blogs have discussed the ins and outs of buying a co-op in New York City. Now we will discuss the co-op board package. It might seem like a daunting task but with some basic guidelines and help, you can put together a cohesive package without worries. 

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Topics: Co-Op Board

Is Your Co-Op Or Condo Board Thinking About Switching Property Management Companies?

Posted by All Area Realty Services Team on Jan 30, 2018 11:22:00 AM

This change of propert management firms occurs more than you expect because some boards may decide to switch residential property management instead of accepting less than complete satisfaction. Many times, the change coincides with a new board election or the retirement of a preferred property manager.  This change makes sense only if a better fit happens with a different real estate management firm.

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Topics: Co-Op Board, Property Management

What Are Co-Op Boards Looking For In Buyers?

Posted by All Area Realty Services Team on Jan 18, 2018 12:48:11 PM

Buying a co-op can seem more arduous than applying for a job. The board wants to see qualifying documents, such as financial records, bank statements and a letter of employment, to determine if you are financially sound to buy the apartment. Then the board wants to know if you will be a good neighbor and request reference letters from close friends and colleagues attesting to your character and fiscal responsibility.

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Topics: Property Management

Why A Professional Property Management Company Keeps Tenants Happy And Increases Property Value

Posted by All Area Realty Services Team on Jan 9, 2018 2:56:28 PM

In order to ensure an apartment building runs successfully and profitable, there needs to be a quality professional property management company. Most buildings with 20 or more units have an apartment management company, and often, buildings with less than 20 units are normally managed by the owner and an on-site property manager. Here are some tips and principles to keep in mind to ensure everything runs smoothly.

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Topics: Co-Op Board, Property Management

Solutions To Common Problems In Co-Op Buildings

Posted by All Area Realty Services Team on Jan 4, 2018 3:37:45 PM

Using our expertise of over 30 years of experience, All Area Realty Services will discuss solutions to various issues that might arise in a co-op building. Some solutions are easy and quick while others can be time consuming and costly. Keep in mind that lawsuits are expensive and are not conducive to getting along with your co-op board.

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Topics: Co-Op Board, Property Management

What Co-Op Boards & Property Management Companies Need To Know To Ensure Safety

Posted by All Area Realty Services Team on Dec 26, 2017 12:20:35 PM

In this blog post, All Area Realty Services is discussing safety and how to keep your living environment safe. Safety involves the apartment property management company, the co-op board, and the residents. There needs to be compliance to the safety standards mandated by law.

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Topics: Co-Op Board, Property Management

Who Is Responsible For What? Do You Know All The People Involved In Property Management?

Posted by All Area Realty Services Team on Dec 21, 2017 3:24:20 PM

In this blog post, we are going to talk about the people (the super, property manager, maintenance staff, custodial staff, groundkeepers, doormen, concierges and others), who keep the building running smoothly. Most of the staff are essential for effective management and maintenance of the residential complex or building.

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Topics: Property Management

What Renovations Need Co-Op Board Approval & Which Ones Don't?

Posted by All Area Realty Services Team on Dec 18, 2017 11:01:00 AM

Here at All Area Realty Services, we know New York City Co-ops inside and out. A question that we are frequently is what improvements do or do not need board approval? The short answer is policies vary by building so check with your residential management company.  It is important to know your co-op’s procedural policy so your planned work can be completed as planned.

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