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Timetable for Hiring a Property Management Company
Proposal Form
Summary of Co-operative and its Management Requirements
Hiring a Property Management Company
Let’s assume that your board has decided that hiring a property management company is the best way to look after the day-to-day work of managing your co-op.
Your co-op will want to choose a property-management company through a Request for Proposals (RFP). Our Guide to Hiring Property Management
Monthly Management Reports to the Board
The Management Services Agreement
The Model Management Services Agreement is carefully written to make sure you and your manager know just what to expect from each other. It covers the property manager’s duties, how they are paid, when they need to get things done and where their authority starts and stops.
The agreement includes
Guide to Choosing Management for your Co-op
Arrears Report
Monthly Rental Incentives Report
Tip of the Month
Vacancy Loss
The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.