How Do You Choose a New Management Firm? Questions to Ask, Criteria to Check

By Cooperator Studio 8 June 2017 Management Relations

If your board is thinking about - or in the midst of - changing management companies, there are a few important things to keep in mind as you're considering your options.

Share Twitter Facebook Pinterest LinkedIn Tumblr Email

Handling Mismanagement

Clear Expectations Are Key

Smiling giant businessman wraps his arm around a corporate building

Secrets of NYC Property Management

What Every Owner Should Know

Dabbing plumber character vector cartoon clip art

Managing Maintenance Staff

Taking Care of Your Key Personnel

Comments

SR on Friday, August 3, 2018 8:49 PM

Why is it that condos and coops have so many issues over what basic research and facts in any successful business would present as obvious solutions? It is truly astonishing that what should be so easy is made so difficult, only due to the personalities that seem to populate many boards. What makes it so hard to recruit and keep thoughtful, rational people who are not motivated by the false "power" of being on one of these boards? The same stories are repeated in so many websites on the topic. It is unfortunate and makes it very hard to recruit and retain the kinds of board members who are needed.

News

8/14/2025 Cleveland Guardians co-owner pays about $18M for a condo on Billionaires Row

An owner of the Cleveland Guardians baseball team has a new home base on Billionaires Row. Home improvement entrepreneur Matt Kaulig has purchased a 3,400-square-foot unit at Central Park Tower, the 98-story Midtown spire considered the tallest residential building in the world.
Read full story

8/12/2025 $87.5M West Village penthouse enters contract, could be new downtown record - 6sqft

A penthouse in the West Village listed for $87,500,000 has found a buyer, potentially becoming the most expensive apartment ever sold in downtown Manhattan. As first reported by The Real Deal, the duplex apartment at 140 Jane Street, a boutique condominium currently under construction, measures roughly 9,500 square feet and features six bedrooms and seven baths. If the home fetches the asking price, it would be the priciest residential property sold in the area, beating out Jeff Bezos’ $80 million condo buy in 2019.
Read full story

8/7/2025 Inside Daniel Neiditch’s Vision: Sustainability and Luxury at The Atelier Condo - My Champlain Valley

Daniel Neiditch, President of River 2 River Realty, is a name synonymous with luxury real estate in New York City, and nowhere is his vision more evident than at The Atelier Condo. Located at 635 West 42nd Street in the heart of Manhattan, The Atelier has become a benchmark for sustainable, amenity-rich, and future-forward living. Under Daniel Neiditch’s leadership, the building has not only defined luxury but has also redefined what environmentally conscious urban living can look like.
Read full story

8/4/2025 Inside a whimsical NYC co-op whose lobby was inspired by a Beatles song — and where a studio asks $425K - NY Post

By the time Dr. Scott Keller walked through the whimsical lobby of 215 E. 24th St. in 2007, he already knew he was home. The longtime chiropractor and part-time musician had spent two years searching for an apartment.
Read full story

8/2/2025 East Village dry cleaner building set for demolition, making way for 11-story condo complex - New York Business Journal

A long-standing East Village business is set to close its doors as developers eye the site for a major transformation. Find out what's in store for this prime Manhattan location.
Read full story

7/28/2025 Artist’s psychedelic NYC condo returns to market — with a $2M price chop - NY Post

It turns out even a kaleidoscope can come with a markdown. Apryl Miller’s technicolor Upper East Side apartment — an exuberant swirl of painted floors, bright tiles, geometric mosaics and custom Lucite-legged kitchen furniture — is back on the market with a new, lower price, The Post has learned.
Read full story

7/25/2025 Upper West Side Condo Asking $21 Million Topped Manhattan Dealmaking Last Week - Mansion Global

An Upper West Side condo spanning the 42nd floor of a new development topped dealmaking in New York City last week asking $21 million. It was one of 29 luxury homes to go into contract in Manhattan in the week ending Sunday, according to a roundup of deals from Olshan Realty, which defines luxury as at least $4 million. The deals comprised 20 condos, five co-op apartments and four townhouses.
Read full story

7/21/2025 New York City's Luxury Housing Market Sees a Summer Slump—but Is It the Mamdani Effect? - SF Gate

The luxury housing market in New York City is seeing a slight slowdown, despite summer being in full swing. The latest Olshan Luxury Market Report reveals 19 contracts were signed for the week ending July 13.
Read full story

7/18/2025 Commentary: Change condo building rules to help fill in housing's "missing middle" - Times Union

New York’s housing conversation is finally shifting from whether we should build to how. The state has taken overdue steps on tenant protections and zoning reform, but one of the most persistent gaps in our housing system is the lack of support for ownership in the “missing middle.”
Read full story

7/14/2025 Park Slope ‘Car Condominium’ Sells For $250K Amid City Housing Crisis - Streetsblog NYC

What can $250,000 get you in one of the most expensive cities in the world? Perhaps a 20 percent down payment on a $1 million dollar three-family home in Brighton Beach? Or on a two-bedroom co-op in Chelsea? You could buy a one-bedroom apartment in Midwood, or one in Jackson Heights. Or even a two-bedroom apartment in Riverdale. Or a condo in Canairse that comes with its own deed separated parking spot (and pool access!).
Read full story

7/11/2025 Record-high rents and bidding wars leave NYC house hunters scrambling for shelter this summer - NY Post

Daniela Mora, a stand-up comedian and content creator, found nothing to laugh about when she began her hunt for a one-bedroom rental in Manhattan this year. In order to find a new lease by June 1, Mora’s May consisted of scouring StreetEasy at all hours of the night and spending her spare time schlepping across the city to open houses.
Read full story

7/10/2025 Architect Bill Sofield on Creating the Priciest Condo on New York’s Upper East Side - Robb Report

With the debut of 1122 Madison Avenue, legendary architect Bill Sofield isn’t just unveiling Manhattan’s most exclusive new development; he’s etching a new chapter into the story of uptown luxury.
Read full story

7/8/2025 Ken Griffin owns NYC's priciest condo. Mamdani wants to hike his property taxes — and others'. - Business Insider

When Ken Griffin purchased the most expensive home in America in 2019, it came with a hidden discount. The palatial four-floor apartment at 220 Central Park South, which cost the billionaire founder of the hedge fund Citadel nearly $240 million, is taxed at about half the rate of the average condo in the city, data shows.
Read full story

7/3/2025 Andy Cohen Sells New York City Condo for Whopping Eight Figures - Reality Tea

Watch What Happens Live host Andy Cohen just made a whole lotta bank with the sale of his NYC duplex. The TV host and executive had put up his pad on the market last year for a meager $14 million. And he even listed the property with Bravo superstar real estate agent Ryan Serhant. You have to keep it in the family, you know. It took a little while, but Andy finally found a buyer. And while he didn’t get his asking price, the final offer ain’t too shabby.
Read full story

7/2/2025 Sky-High Condo on New York’s Billionaires Row Hits the Market for $90 Million—and Soars to Top of Most Expensive Homes List - Realtor.com

An eight-bedroom condo that is perched above Manhattan's Billionaires Row has been listed for a jaw-dropping $90 million—offering a deep-pocketed buyer the chance to own a home in the same building as computer mogul Michael Dell's record-breaking $100.5 million penthouse.
Read full story

6/30/2025 Pharma Giant Roche Hires Trump to Sell Swanky Condo - Mother Jones

Donald Trump’s realty firm is representing one of the country’s largest pharmaceutical companies in its effort to offload a $12 million New York condo—an arrangement that represents yet another apparent conflict of interest for the 47th president of the United States.
Read full story

6/26/2025 Boutique nine-unit condo building debuts in Long Island City with units starting at $875K - Long Island City Post

Sales have been launched by the full-service real estate agency Charney Brokerage at the new luxury condominium at 40-21 27th St. in Long Island City.
Read full story

6/23/2025 Luxury condos for NYC’s 1% are one-upping each other on wellness amenities — from at-home IV cocktails to pet reiki - NY Post

Your grandmother’s building had a doorman. Maybe your parents had a gym. Today’s priciest Manhattan pads, however, are taking a next-level approach to enticing wealthy residents — from at-home IV drips and Botox injections, to floating meditation sessions 500 feet above street level.
Read full story

6/20/2025 NYC condo with own speakeasy hits the market for $1.65M - Delaware Business Now

The property is spread across 1,300 square foot with two bedrooms and two and a half bathrooms in the heart of East Williamsburg, Brooklyn.
Read full story

6/18/2025 Glitch delays millions of dollars in property-tax rebates for thousands of NYC co-op and condo owners - NY Post

A massive technical glitch has delayed millions of dollars in property-tax rebates involving thousands of city co-op and condo owners. The annoying snafu was triggered by a botched rollout of the city Department of Finance’s new abatement portal, where requests for the rebates are submitted, sources told The Post.
Read full story

Show more news

Recent Articles

NY-NJ 9th Least Affordable Large U.S. Metro for College Grads

Midtown Co-op Residents Face 450% Monthly Fee Increase

Updating Your Lobby Furnishings

Q&A: Election Rules

Managing Building Supplies