Living Management
Condo Unit Management
For Investor Owners
We got you covered.
For investor condo unit owners seeking management, leasing, compliance, rent collection, lease enforcement, and a point of contact for tenant, managing agent and condo Board.
We offer a complete management solution for absentee condo unit owners.
An Example
Estimated Monthly Costs
Condominium Unit Management is a specialized service increasingly needed as investors purchase condo units as investments. Our combined management and leasing services allow for a seamless end-to-end process that maximizes our client’s rate of return.
- Est. Mortgage
- $10,000
- Maintenance
- $2,000
- Monthly Total*
- $12,000
- Current Price
- $1,225,000
- Mortgage Amount
- $900,000
- Down Payment
- $245,000
- Mortgage Term
- 20 yrs
- % Down
- 20%
- Interest Rate
- 2.6%
*Illustrative example only.
What’s Included
Condo Unit Services
As pioneers of this management niche, we provide the most comprehensive and detailed level of condo unit management that can be found in New York City. Here’s what we handle for you:
- Unit leasing
- Lease renewal services
- Lease drafting with special compliance riders
- Application processing, credit, and background checks
- Condo Board package preparation and submission
- Move-in/ move-out coordination
- Tenant security deposit processing for new accounts and closeouts
- Coordination with on-site building staff
- HVAC units service contracts
- 24/7 call answering for all tenant inquiries
- Emergency response services
- Expediting of all maintenance requests
- Rent collection
- Online rent collection
- Tenant portal for submission of maintenance requests
- Verifying renters insurance policy
- Unit inspection and property evaluation
- Lease enforcement
- Monthly financial reports
- Coordination of tax and legal services
- Contact owner for repair approvals
- Coordinate with building managing agent for all repairs
- Completion of condo Board Alterations Agreement
- Secure proper insurance certification for vendors
- Unit insurance policy quotes
- Tenant renter insurance verification
- Lease enforcement
- Lease renewals and rent increases
- Establishment of client trust account to deposit rents and pay expenses
- Payment of mortgage
- Payment of unit property taxes
- Payment of unit common charges and other building fees
- Provide monthly report of all income and expenses
- Asset analysis reports with sales comps
- Unit listing and marketing for re-sale
To find out more about Condo Unit Management, fill out the form and contact us directly.
Manhattan · Brooklyn · Queens · The Bronx
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