Services
NY BEST PROPERTY ABSTRACT INC
is the trusted leader and foremost authority on NYC condo and co-op buildings and property management. We’re a member of the Real Estate Board of New York (REBNY), and our talented and professional team specializes in managing condominiums, and co-ops buildings throughout New York City. We know that the laws are changing rapidly in New York, especially when it comes to sustainability and all of the state and local carbon-neutral initiatives. It’s good for your building, it’s good for the community, and it’s good for the future, but it’s a lot to keep up with. Partner with our team, and we’ll make it easier to navigate the requirements.
Whether you’re on the condo board of your building, part of a co-op, or interested in keeping New York’s buildings more sustainable, get in touch with us today to talk about how we can facilitate better building management.
Choosing Retrofits and Upgrades
How much energy are you currently using?
Who are the residents in your building? Are there any retail operations on the ground floor?
What are the priorities of your condo or co-op board?
These are the most important questions you must ask before you decide on retrofits that will bring you into compliance.
When budget is a factor, start with easy steps like updated light bulbs and better insulation. Look for funding and support from the city. We can help you apply for credits and adjustments that may make a difference.
Why work with NY BEST PBA?
We know the pressures faced by condo boards and co-op management teams. There are a lot of competing priorities to juggle and an endless stream of paperwork, filing deadlines, and legal requirements that need to be met.
We take some of that burden off your collective plate, and deliver a management experience that enhances the success of your community and the satisfaction of your residents.
We also reduce your risk. When you work with HPM, you leverage our resources, our technology, our experience, and our expertise. We know Local Law 97 and all the laws that impact how you manage your building.
Get to know us and what we can do for you.
Let’s Work Together
If you’re uncertain about Local Law 97 and what it means for you and your building, this is an excellent time to leverage our professional and proactive property management services. The deadline for compliance is coming quickly, and The Department of Buildings has urged everyone involved to prepare sooner rather than later. Let’s make sure you’re ready to file the right report in 2025.
Access our Services for:
- Collecting retrofit bids
- Evaluating energy usage
- Communicating with residents
- Supporting board members
- Resolving disputes
- Accounting management
PBA Assistance
Maintaining a huge building can be daunting for New York property owners. Despite their best efforts, many struggle to keep their properties in good condition for many reasons, such as busy daily schedules or lack of experience in property management. Fortunately, countless property management companies in New York offer services to help owners deal with the overwhelming tasks of maintaining their properties.
These companies specialize in different areas, including residential, commercial or industrial properties. They can also provide various services, such as maintenance, tenant screening, rent collection and more.
Expertise in Managing Your Property’s Compliance and Safety
NY PBA s steadfastly committed to ensuring that every façade tells a story not of neglect, but of vigilant care, forward-thinking management, and a continuous commitment to safety, quality, and community.
Ensuring Stress-Free Compliance
Your path to unfettered compliance begins with impeccable planning and a strategic approach, hallmarks of our service at Harlem Property Management.
We synergize our vast experience with methodical planning to ensure your building always aligns with Local Law 11 compliance. Starting from orchestrating timely and meticulous façade inspections, advising your Board on financing options, to managing the intricate bid process, we insulate you from the stresses and strains typically associated with regulatory compliance.
Our mission is to ensure that the integrity of your building is uncompromised, marrying safety and legal adherence with timeliness and fiscal responsibility and thereby safeguarding your peace of mind.
10 Common Mistakes of Building Management
Building management is a complex and dynamic process that requires effective planning, financial management and expert maintenance to ensure the smooth operation of a property. However, inexperience or negligence can lead landlords to make costly mistakes that can impact the overall success of their property.
Here are ten mistakes that building owners can make without working with a property management team
01. Lack of an Effective Management Process
The lack of a well-defined management process is one of the many common mistakes building owners make. Without a clear plan, it’s difficult for them to address issues promptly, resulting in delays and miscommunication among stakeholders. Building owners must have an effective management process outlining roles, responsibilities and procedures for addressing various scenarios.
04. Lack of an Effective Management Process
Building owners must stay updated with the latest industry standards and regulations to ensure their properties comply with all safety codes and regulations. Ignoring these standards can lead to legal issues, hefty fines and risking occupants’ lives.
07. Lack of Regular Inspections
NYC property owners must conduct regular inspections to identify and address potential issues immediately before they turn for the worst. Building owners should hire inspectors to identify maintenance or safety concerns requiring immediate action.
02. Poor Financial Management
Another prevalent mistake building owners make is failing to manage their finances effectively. This includes needing a budget, overspending on unnecessary expenses or capital improvements, and keeping track of financial records. Building owners risk losing money and may struggle to secure funding for future projects without proper financial management.
05. Lack of Communication With Occupants
Clear communication leads to a successful management process, and building owners must establish effective ways to communicate with their occupants. Failure to do so can result in more miscommunication and misunderstandings, leading to tenant dissatisfaction, disputes or even legal action.
08. Failure to Invest in Upgrades and Improvements
While saving money by avoiding upgrades and improvements may be tempting, this approach can hurt the property’s long-term value. Building owners must invest in regular updates and improvements to keep their property competitive, appealing to tenants, and increasing its value over time.
10. Ignoring Tenants’ Feedback
Lastly, some building owners may fail to listen to their tenants’ feedback, which results in unaddressed issues and tenant dissatisfaction. Building owners must take tenants’ concerns seriously and resolve them immediately to maintain a positive relationship and attract new tenants.