Residential property management service helps landlords manage their real estate investment. They are typically experienced in multifamily setups and can deliver value, financial planning, maintenance, and board-related services.
They can also help you with long vacancy periods by marketing, showing and screening tenants for custom leasing solutions. They can also help you with rent collection, compliance, inspections, repairs, renewals, evictions, and financial reporting.
MD Squared Property Group
MD Squared Property Group is a residential property management company that offers a wide range of services and products for NYC property owners. The firm provides cost-reduction solutions to maximize rent collection. It also helps property owners navigate the tax certiorari process by working with reputable firms.
The company recently acquired a new office space in Midtown South. MD Squared, which operates across the five boroughs of the city, signed a 14,855-square-foot sublease for space in 7 Penn Plaza, located on Seventh Avenue between West 30th and West 31st streets. The company was represented by Lee NYC’s Dennis Someck, Justin Myers and Conor Krup; the sublandlord, Cast and Crew, was represented by Savills’ Erik Schmall and Cushman and Wakefield’s Daniel Thompson.
Earlier in March, MD Squared paid $54 million, or an average of $173,000 per apartment, to acquire hundreds of condos in a Washington Heights deal. The bulk purchase was part of Joel Wiener’s Pinnacle Group’s unloading of a dozen converted buildings on Riverside Drive.
FirstService Residential
FirstService Residential is North America’s leading manager of residential communities, offering a full range of market-leading property services and value-added solutions that add value, enhance lifestyles and make a difference in the properties it manages. Their team is comprised of local experts who deliver innovative solutions and genuinely helpful service that makes their mark every day for the residents and buildings they serve.
Energy Management & Advisory
Through its energy subsidiary, FirstService Energy, the company helped dozens of FirstService Residential clients secure millions in NYC utility incentives for a variety of projects including EV charging stations, lighting retrofits and carbon studies to prepare them for NYC Local Law 97 compliance. They have also launched the first community-wide fuel cell project in New York City.
Their New Development Group opened and consulted on many of the most transformative building in the city, including Brooklyn Tower, designed by Pritzker Prize laureate Jean Nouvel; and One Boerum Place, an ultra-luxury new development.
Venture NY Property Management
Venture NY Property Management offers a variety of services for condominiums and co-ops in Manhattan. They provide tenant screening, leasing, maintenance coordination, and detailed financial reporting. They also handle building operations and vendor vetting. Their team is available 24/7 to assist clients.
This company has a large portfolio of residential properties in New York City and the surrounding area. They specialize in maximizing occupancy and improving building appearances. They are also knowledgeable in navigating the complex legal and maintenance issues that many of their clients face. They offer online rent collection and a full range of financial reporting with Yardi. They also provide a 24-hour emergency response line. Their fees are transparent, with no built-in costs and no hidden charges. They also provide a free 30-day trial period.
R.E.M. Residential
This company offers a full range of residential property management services for apartment buildings throughout New York City. Their team of experts is well-versed in the latest property management strategies and products, which they use to provide their clients with top-notch service.
The company’s customer retention rate is near-perfect, and its employee retention is also excellent. Rashaad Middleton, the company’s director of management, says that they are able to keep customers because of their friendly approach and knowledge of the area.
He also stresses the importance of a cheerful response to calls from tenants. He says that a lot of work can be automated, but there’s no substitute for talking to humans. He even gives his personal phone number to owners and tenants. This allows them to discuss specific issues that can’t be resolved with an app.
ProRealty USA
ProRealty USA is a real estate firm with over 40 combined years of commercial experience. They are dedicated to shattering industry norms by raising the bar in commercial real estate relationships, making ethics and knowledge the measure of their success. They offer a variety of products and services including property management, brokerage, and investment consulting. Their website also includes a state of the art portal system to provide owners with a single-use link to access their owner statements.