Deciding on the Best Property Management Company in Brooklyn

If you need a property management company to manage your portfolio of buildings or single residence you can rely on a company like Blue Harbour Property Management. When deciding on a property management company it would be of the utmost important to research all of your options so that you can make an informed decision.  Brooklyn Property Management Companies are plentiful and the market is ultra competitive and you should have a handful of companies to choose from that may fit your criteria.  Here are some things you should be looking into in determining your next property management company.

Learn Their Procedures

To make sure that your expectations are realistic for what you want from Real Property Management, learn about the company’s protocols. Ask them about how they deal with after-hour emergencies, how they control maintenance costs, how they collect past-due rent, what type of insurance they have to protect you from lawsuits, and what their fee structure is. You want to make sure that everyone is on the same page so that there are no discrepancies between the things they provide and what you expect.

When working with Arlington Property Management Companies, you want to read the fine print on any contracts you are given. If you are looking to build your real estate business and gain more properties beyond what you already have, this will be an important step in deciding what company to use for your property management needs.

Determining fees and charges associated with the Brooklyn Property Management Company

How much Brooklyn Property Management Companies charge for their services depends on many different criteria.  The most determining factors will be their experience, the overall services that they provide, the amount of properties that they manage and how many apartments that you want them to manage for you.  You are most likely to get a decrease in the fees if there are more units to be managed at one location.  It reduced expenses if the building management company can cover a number of units within walking distance and the property owner/landlord should benefit in the form of discounted fees as a result of it.  Looking at all the services that Blue Harbour Property Management provides the landlord/owner will be hard to find a better property management company in all of Brooklyn than Blue Harbour Property Management. 

Besides fees, you should also figure out how a prospective company will deal with repair requests.  You should find out whether their services entail 24/7 service or whether it is based on specific office hours.  It is important to find out what protocols are in place for emergency repairs at your property.  You should be looking for a company that is proactive to these issues as it will save you in the long term as to damages.  Also tenants are very appreciative of being able to speak with someone should an emergency arise at anytime .  Having a property management company that has great customer service with after hours communication is crucial for tenant retention.  Determine if the company has a custom in place to handle emergency repairs and how quickly can they respond with the necessary licensed vendor to assist with remediation.

You can also take it upon yourself to get a list of properties that the prospective management company services and ask a tenant what they think of the company.  Also being able to see the exterior condition of the building or home can give you an idea of the level of care the Brooklyn Property Management company has.   You are expected to hire someone that exceeds your expectations and doing a little research will assist you in finding one.

Blue Harbour Property Management is one of the premiere companies in Brooklyn, NY to handle your property management needs.  If you are looking for someone to handle your property like how you would, you can contact us at 718-843-1185 or info@blueharbourpropertymanagement.com.

http://www.blueharbourpropertymanagement.com/deciding-best-property-management-companies-brooklyn/

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Tips for Property Managers in Getting Your Units Ready to be Rented

In New York City, property management companies are often given the task of marketing the units they manage for rental when they become vacant.  With the rental market becoming more competitive in New York City it is becoming more of a science to marketing their available units.  Rents have stagnated and more owners are giving incentives to tenants to have them sign leases.  Also, in the winter months it is a chore to have the units rents.  Therefore, property managers in New York City have to use their wits and expertise in order to quickly rent their vacant apartments.  Here are some tips we believe helps building management companies should take into consideration to make their units more appealing to tenants:

Inform tenants of the unique amenities that are being offered.

You have to show to prospective tenants what is unique and different in your property.  Setting your property apart will benefit you in the long run.  You should be aware what your target audience is looking for and advertise these features.  Understanding consumer behavior is very important and using what you know about your market will come in handy.  From the high ceilings to upgrades in the kitchen, these amenities should be highlighted by the apartment management company.  Also it is important to understand your geographic region.  What may be important to the renter in Queens may not be as important to renters in downtown Brooklyn.  The demographics of the region should also be considered.  Cultural differences may lead to different amenities being more important.

Invest in professional listing photos.

Tenants have become more savvy over the years and they go to online resources in order to find their properties.  Property managers need to adapt to this and have to make the best first impression by using quality professional photographs.  Many in the real estate industry have already adjusted to the market and have hired full time photographers to assist them with their listings.  Property managers should do that as well.  Professional photographs attracts prospective tenants but also people that not looking but may reconsider after looking at your quality listings.  Also if you have quality photographs, browsers may be more inclined to share the pictures via social media.

Clear out messy clutter-filled spaces before showings

Having excessive clutter gives the perception that an apartment is not clean.  There can be a perception that the clutter is only the first issue with the apartment.  This can lead to renters to believe although false that there may be pests infesting the unit.  In order to combat the perception building managers should have the floors cleaned. Windows, walls and fixtures as well as the kitchen should also be examined and thoroughly beautified as well. You may also want to air out the unit or run a humidifier to make sure any unpleasant odors have been removed from the apartment.

Make The Unit As Bright As Possible

The natural light of a unit should be exhibited.  Everyone loves to see what they may potentially be moving into.  When renters do a walk though of a property, they envision how they would upkeep it.  The more light they have, the more they can visualize what could be in their future.

 At Blue Harbour Property Management, we understand the importance of marketing your buildings when a unit becomes available.  We have a full-service marketing associate in-house that assists us with all of our client’s needs.  Also we make sure the real estate professionals that show our apartments use high end marketing techniques to not only show your apartments but to make sure you get the best available tenant to rent to.  For more information you can contact us at 718-843-1185.  We manage properties in Manhattan, Bronx, Queens, Brooklyn and the surrounding region.

http://www.blueharbourpropertymanagement.com/tips-property-managers-getting-units-ready-rented/
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Blue Harbour Property Management Opens New Office in Forest Hills, New York

Blue Harbour Property Management is proud to announce the opening of our Forest Hills, New York office.  CEO Jules Doodnath has been directing the property management office in South Ozone Park from its inception in 2013.  “The Forest Hills Office has been envisioned for some time for Blue Harbour Property Management as we would like to position ourselves in one of the hubs of commercial activity in Queens, New York” Mr. Doodnath commented.  Blue Harbour Property Management will maintain the expertise in small and medium sized rental units but will now be able to accommodate a plethora of bigger multi-family units throughout New York City.

Mr. Doodnath also says there’s no better time to open a new building management office than now. “There are many opportunities that exist in today’s market and opportunities will continue as our economy grows and institutional lenders create alternatives for the real estate investor to finance properties.  We are proud to service our clients and to continue to serve our community as well.”

The new office will be located at 118-35 Queens Boulevard in the Forest Hills Tower complex . For more information, contact Blue Harbour Property Management at 718-843-1185 or e-mail at info@blueharbourpropertymanagement.com.

With a combined 20 years of experience, Blue Harbour Property Management has excelled in giving our clients value. We are determined to excel in customer service for both our board members, residents and owners. Blue Harbour Property Managment facilitates owners reach their profit goals by using all methods available when overseeing properties.  We are a full service property management company serving Manhattan, Brooklyn, Bronx, Queens and the surrounding region.

http://www.blueharbourpropertymanagement.com/blue-harbour-property-management-opens-new-office-forest-hills/
Visit us at www.blueharbourpropertymanagement.com

Cover The Risks of Your Rental Property in Brooklyn, NY

For many the search for multiple streams of revenue is a way in order to retire early or living a more comfortable life for yourself and your family.  Many local investors are earning this extra money by purchasing homes for rent in Brooklyn, New York.  Brooklyn has become one of the biggest booming areas when in comes to investment properties.  The average rentals now are close or exceeds their counterparts in Manhattan.  May people have thought about investing in Brooklyn and in fact you might be one of them.

While owning a Brooklyn rental property, whether it be an apartment building, condo, co-op or 2 family home is a great idea and can bring in a substantial amount of money each month, it certainly can be a risky investment.   Many beginning investors don’t realize all of the things that can go wrong with their homes for rent in Brooklyn, NY that can cost them quite a bit of money. As a matter of fact, here at Blue Harbour Property Management, we take on many clients that have purchased their first investment property.  What we do notice is that they are not familiar with alot of expenses that come up with owning an investment property.  That is of course one of the reasons they choose to retain a NYC property management company like us.  We always discuss certain things that may protect your investment and reduce the risks you assume while owning an investment property.  Below are a few ways to protect your investment.

§  Good Insurance –  If you have a mortgage on your investment property, you will be required to have homeowners insurance.  Even if you are not required to carry homeowners insurance, you should definitely maintain a homeowners insurance policy.  Also as you will have tenants you should definitely obtain a homeowners policy that is above the standard policy.  There are several policies that you can maintain that would have a more comprehensive coverage.  You should always advise the investor to seek guidance through their insurance agent but we generally see that a market policy which would cover for market value loss or a Tenants and Cooperative Policy which cover tenant’s losses would be a great idea to have.  It’s pertinent that you have good insurance policies that cover your rental properties; otherwise you may find yourself losing money with these properties in the event of an accident.

§  Require Renters Insurance – If you’re really serious about lowering your risks, then you should require that the tenants of your homes for rent in Brooklyn, New York purchase renter’s insurance. Renters insurance is very inexpensive and it provides more coverage for the tenant in the event of an incident. Since tenants can make claims on their renters insurance if something happens to their rental and/or possessions, then you won’t have to worry as much about being held liable for the damage.

§  Have the property inspected and safeguard any areas where there could be a potential for liability. The majority of cases filed against rental property owners generally have to do with negligence either by the owner himself or his NYC property manager. To ensure this doesn’t happen to you,  your NYC property management company should make regular inspections to make sure dangerous conditions are taken care of immediately.

http://www.blueharbourpropertymanagement.com/cover-the-risks-of-your-rental-property-in-brooklyn-ny/

Visit us at www.blueharbourpropertymanagement.com