Penmark Management
Started by downtown1234
about 15 years ago
Posts: 349
Member since: Nov 2007
Discussion about
Just curious - what do people think of Penmark as a management company? I have found them rigid and impractical. Maybe that is the way management companies are but they seem about as helpful as your average clerk at the DMV.
They're known to be ok, but don't seem to go above and beyond. There's definitely better out there. They are cheaper, so you get what you pay for
Mediocre at best.
We looked into them when we were terminating our old management company. Like the above posters, I wasn't particularly impressed. My general impression about the more massive management cos out there is that unless you're a big building, you're likely to be seen as a tiny part of their portfolio and can expect the commensurate attention. If you're under say ~40 units, I'd recommend a smaller, boutique firm that has experience and a deep Rolodex, so to speak.
So who is a good management company for a smaller building?
harlembuyer, I would recommend at least talking to these guys - lots of experience and seem very committed (I have no affiliation with them, don't worry): http://www.empirefm.net/pages/about.html
Riversider
about 5 hours ago
stop ignoring this person
report abuse They're known to be ok, but don't seem to go above and beyond. There's definitely better out there. They are cheaper, so you get what you pay for
Hit the nail on the head. Well priced units in some extremely desireable locations (several in townhouses on the ues btw Madison and 5th). You do indeed get what you pay for.
penmark is the worst - arrogant, incompetent and treats owners like renters, and act like they are the owners. worthless. only thing they are good for is harassing people on insurance certificates on deliveries and moves.
difficult....nasty......
Seems my experience is fairly typical. Thanks all.
For smaller coops I recommend Plymouth NY. You can contact them by e-mailing
Pam Elgar at pelgar@plymouthny.com