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Advice for Changing Co-op Management Cos?

Started by CoopBoardMem
8 months ago
Posts: 0
Member since: Aug 2025
Discussion about
Our mid-size, low-frills co-op in manhattan is evaluating switching management companies. Has anyone driven this process before? What surprises do you wish you knew before you started? Looking for: - Any tips on how you found and vetted alternate management companies (suggestions welcome for companies to talk to or to avoid) - Any tips/preparation on smoothing over the actual process of onboarding, e.g. collecting archives, untangling accounts, switching technical systems, communicating to shareholders. Couldn't find old threads easily in search, but links to existing ones are also welcome.
Response by nacho
20 days ago
Posts: 26
Member since: Jan 2019

If you are on the board get all documents/statements you can. No big surprises but in our case we got q couple or notifications in the building due to unpaid gas bills since Coned didnt update the billing address but not a big deal since it was paid immediately.

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Response by front_porch
19 days ago
Posts: 5324
Member since: Mar 2008

My current building changes management companies often. The two weird things that happen are 1) we get a whole new set of repair people (separate from our super, who's consistent -- but new management company/new elevator repair guy, for example) and 2) the co-op/condo tax abatement is granted by the City based on a master spreadsheet each building sends over -- and that spreadsheet tends to get "lost" when a management company is on its way out -- so as a board you want to make sure you have it, and that it gets filed with the City each year by the proper deadline.

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