Condo & Co-op Managing Agent Responsibilities in NYC: br br Save up to 6 in Broker Commission: br br Hiring a managing agent is a time-consuming task for small, medium and large condo and co-op buildings in New York City. br br The challenge with hiring a building manager is three-fold: br br 1) Finding suitable candidates for managing agent br 2) Asking the right questions br 3) Galvanizing the board to actually fire its current managing agent and make a new hire br br There are a number of ways to find managing agent candidates in NYC. These strategies include: br br - Asking the listing agent who sold your apartment or your buyer’s broker. br - Reaching out to friends who live in comparable buildings. br - Asking your real estate lawyer. br br Once you’ve identified a few candidates, it’s a good idea to meet with each candidate at your building and conduct a walkthrough of the common areas, roof and basement. br br Questions to ask the candidates you interview include: br br - What current maintenance deficiencies do you observe with our building? br - What are the top 3 priorities for our building based on what you observed? br - What experience do you have in managing comparably sized buildings? br - How often do you physically inspect the buildings you manage? br - What’s your strategy for dealing with after-hours emergencies? br - How do you approach quote procurement for large capital improvement projects? br - Can you share the financials and budget for other buildings you manage? br br What Are the Signs of a Bad Building Manager in NYC? br br Fortunately, it’s very easy to spot a bad building manager.