Daily management of your real estate investments involves time and expertise. The people at Brownstone Management provide owners of rental buildings, single units, small and large condos, and coops with the freedom to focus on life and family, assured that property management professionals are caring for your property. Whether your property is a garden apartment or mid-rise building, Brownstone will work with you every step of the way to ensure your satisfaction. Our customizable property care services include:
24/7 Management
Renovations
Sanitation
Financial Services
Business and Legal Services
Real Estate Compliance
24/7 Management
- 24/7 access (via phone and email) to personal, expedient and cost-effective people
- Project management
- Access to our extensive network of expert tradespeople
- Management of staff: Hiring and scheduling of building staff
- Contract supervision
- Single contact point for emergencies/repair/maintenance
- Periodic maintenance recommendations for Owner approval
- Estimating cost of repairs and projects
- Preventative maintenance and periodic routine inspections at Owner’s request, and on Brownstone’s initiative
- Provide routine seasonal maintenance
- Review and evaluate security
- Assess apartments’ need for repairs or improvements
- Evaluate building systems to identify cost savings opportunities
Renovations
- Optimize the use of available funds
- Control the scope of the work
- Avoid delays, changes, and disputes
- Schedule the project
- Optimize the use of design and construction firms’ skills
- Enhance project design and construction quality
Sanitation
- Garbage and recyclables moved to the curb twice weekly
- Ice and snow are removed in accord with NYC requirements
- Indoor and outdoor areas cleaned as-needed
- Lightbulb replacement and related basic services
- Identification of exceptional property issues
Financial Services
- Rent and Common Charge Collection
- Bill Paying
- Accounting
- Monthly financial reporting
- Fiscal Planning and monitoring
- Annual budget preparation
- Liaison with Tax Accountant
Business and Legal Services
The Brownstone Management team includes lawyers and related professionals who performs a range of services related to legal, governmental, regulatory, and financial issues for your property including:
- Violation processing and clearing
- Insurance renewals and optimization
- Tenant application processing and background checking
- Lease, rider, and related document drafting and execution
- Responding to Governmental documentation requirements
- Tax certiorari, abatement and assessment reduction processing
- Evaluation and management of legal matters
Real Estate Compliance
Ensuring your property is compliant with all legal and governmental requirements involves an ever-increasing awareness of new legislative requirements and familiarity with related processes. The Brownstone Compliance Team handles the following for our managed properties:
- Classification and tracking of your property to ensure relevant federal, state and Local Laws and other legal requirements are addressed timely
- Annually registering each property with HPD
- Annually updating legal rents with DHCR for rent stabilized and controlled units and ensuring rent increases follow yearly guidelines when renewals and/or vacancies occur.
- Performing annual HPD required inspections
- Updating owner information and Filing annual Condo/Coop Abatements
- Tracking of all NYC and New York State government agency requirements
- Maintaining awareness of property-related violations as soon as they’re filed by each government agency, and promptly responding to such violations in a manner that aims to eliminate the violation and minimize the financial impact of each violation on each property
- Processing and distributing required Annual Safety Mailings
- Adherence to all NYC Local Laws including but not limited to: Gas line Inspections, boiler registrations and inspections, backflow inspections, elevator inspections, facade inspections, energy benchmarking, lead based paint, indoor allergans, window guards and smoke detector inspections.
Appraisals
In need of a residential or commercial appraisal? Brownstone Property Group recommends Neglia Appraisals, a full-service, family-run real estate valuation company, experienced in appraising residential and commercial properties throughout the New York Metropolitan area. Visit Neglia.com to learn more.