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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.
Response by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009

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

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Response by broadbent
about 15 years ago
Posts: 123
Member since: Sep 2007

Mediocre at best.

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Response by bjw2103
about 15 years ago
Posts: 6236
Member since: Jul 2007

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.

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Response by harlembuyer
about 15 years ago
Posts: 178
Member since: Dec 2010

So who is a good management company for a smaller building?

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Response by bjw2103
about 15 years ago
Posts: 6236
Member since: Jul 2007

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

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Response by jim_hones10
about 15 years ago
Posts: 3413
Member since: Jan 2010

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.

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Response by ncy10025
about 15 years ago
Posts: 198
Member since: Feb 2009

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.

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Response by MR17_5
about 15 years ago
Posts: 72
Member since: Feb 2011

difficult....nasty......

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Response by downtown1234
about 15 years ago
Posts: 349
Member since: Nov 2007

Seems my experience is fairly typical. Thanks all.

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Response by rb345
about 15 years ago
Posts: 1273
Member since: Jun 2009

For smaller coops I recommend Plymouth NY. You can contact them by e-mailing
Pam Elgar at pelgar@plymouthny.com

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