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Property management companies Ie Bridgestreet

Started by tedbearz
over 7 years ago
Posts: 39
Member since: Oct 2006
Discussion about
Are there any companies that will sign a annual lease with you the property owner and then rent out your property . You get paid the lease agreement regardless if your property is rented (they sublease your property). Does any know of any companies that do this for individual property owners?
Response by 300_mercer
over 7 years ago
Posts: 10570
Member since: Feb 2007

It is called Weworks.

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Response by tedbearz
over 7 years ago
Posts: 39
Member since: Oct 2006

To clarify this is for individual residential units.

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Response by UptownSpecialist
over 7 years ago
Posts: 139
Member since: May 2013

I am not aware of any firms that do this- though it doesn't mean that it doesn't exist. That said, you are aware that it's pretty common in Manhattan to have the tenants pay the broker fee (especially during the summer), right? That is something that isn't common in other rental markets. If your apartment is priced right, it shouldn't remain vacant.

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Response by crescent22
over 7 years ago
Posts: 953
Member since: Apr 2008

All coops and many condo buildings will forbid subletting.

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Response by ximon
over 7 years ago
Posts: 1196
Member since: Aug 2012

Doesn't Bridgestreet manage corporate apartments, extended-stay apartments and other short-term rentals advertised on Airbnb and other websites? I don't know their business model but I suspect their fees are quite high.

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