NYC Residents Using A Hands-On Approach To Manage Their Buildings
Apartment owners are taking on the traditional duties of a super or managing firm.
New York City is experiencing a rise in self-managed buildings, where apartment residents, instead of hiring a super or a managing firm, shoulder all the responsibilites of the building themselves. Whether taking out trash, hiring contractors, maintaining the books or enforcing building rules, self-management is resulting in significant savings for these residents. While such do-it-yourself apartment owners sometimes face challenges like lack of time, skill or unequal distribution of building management responsibilities, they feel that being able to reduce their maintenance charges and to be in a better position than managing agents to care for their buildings is totally worth doing it themselves.