Look Wisely For A New York Property Management Company
A professional New York property management company can be a major help in advising and controlling your properties for you in the Manhattan area. The main responsibility you have as a property owner once you hire a property manager is to make the payments for mortgage, property tax and insurance. A good New York property management company would be more than willing do that for you.
How much a New York property management company cost varies. A general starting point is about 5% of the gross rents, sometime as high as 10%. Some managers also charge a set-up fee and for trips to the property. Call more than one New York property management company to ask about fees. (continued below) The Institute of Real Estate Management (IREM) is an organization of professional property managers where you can find a certified New York property management company. Look for ones with professional designations such as Certified Property Manager (CPM). So if you see a New York property management company with a “CPM,” you know they have taken considerable time to learn a good deal about the business. You will also see some advertise under other designations like ARM, AMO, PPM and MPM.
Here are some New York property management companies.
AKAM Associates, Inc. is considered a leader as a metropolitan New York property management company. They have an outstanding reputation for service delivery that responds to the needs of New York's property owners. They service property from Central Park West to the outer boroughs.
Irvine Realty Group, Inc. has built its reputation on providing first class real estate services for the owners of properties in the greater New York Metropolitan area. As a major New York property management company, Irvine Realty Group, Inc. specializes in individual condominiums and apartments as well as single-family houses. They specialize in the smaller residential properties, providing personalized services.
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