Multifamily property management
From financial reports to building repairs, we coordinate the work.
Bridge takes maintenance scheduling, financial reporting and vendor follow-up off multifamily owners' hands. We manage residential buildings in New York City and the Boston metropolitan area, coordinating the daily work that keeps building operations moving.
1.2M Sq Ft
Managed
900+
Units
Since
2016
5+ Year
Clients
Bonded & Insured
Property management
Our multifamily property management services bring building operations and financial administration together. For apartment building property management, the scope starts with the building care, reporting and coordination described below; rental-service requirements should be confirmed separately when discussing your proposal.
01 / BUILDING OPERATIONS
Maintenance and building operations
Bridge organizes preventive maintenance and corrective repairs, with scheduled inspections to identify potential work:
Building condition: Seasonal inspection schedules and a historical physical-condition log of completed inspections
Maintenance coordination: Scheduling and coordination with outside maintenance, security, engineering and other specialists
Building staff: Placement and management on the owner's behalf
You can hand over maintenance coordination and staff management alongside the building's financial administration.
02 / FINANCIAL MANAGEMENT
Financial management and reporting
Bridge works with you on operating and capital budgets and the revenue needed to balance them. We prepare monthly reports that compare revenue and expenditure with the budget, showing the current month and year to date.
The supporting records include:
Balance sheets, income statements and cash-flow statements
Check histories and bank reconciliations
Accounts-payable and accounts-receivable reports
These reports give you a view of the building's finances while Bridge handles their preparation.
03 / VENDOR COORDINATION
Vendor sourcing and follow-through
Bridge prepares scopes of work and requests for proposals, compares bids on a consistent basis and negotiates contracts. We also track vendor performance and compliance, so sourcing a provider and following its work sit within the same management scope.
ACCOUNTABILITY
Operating standards you can check
Bridge assigns a dedicated account manager to each building and averages four buildings per manager across its portfolio.
Building visits: Every building receives a visit every week.
Non-emergency work: At least three bids.
Longer-term planning: Every building receives a five-year plan, reviewed twice per year.
Tell us which building operations you want Bridge to manage.
Larger projects and building administration
Bridge also coordinates work that needs planning beyond day-to-day maintenance:
Capital projects
Long-term capital-plan management, bidding for roof, elevator and HVAC replacements, and project-contract administration. We bring in engineers, architects and reserve study analysts as needed, and owner's representatives on large projects.
Compliance
Building-compliance coordination in both markets. In New York, Local Law 11 work can include engaging the inspecting engineer, arranging the inspection and coordinating filing. The outside professional performs the facade inspection.
Energy and insurance administration
Utility data collection, benchmarking filings, conservation programs, policy and renewal calendars, vendor certificates, loss reporting and incident tracking. Outside energy and insurance specialists provide their specialist services.
Work reserved for licensed professionals is performed by outside specialists.
COMMERCIAL CLARITY
Management scope and fees
Bridge charges a flat monthly fee per building for property management and administration, scaled by building size. Third-party costs, including contractors, engineers and lawyers, are separate. Discuss specialist-service scope and fees alongside ongoing management.
If you need leasing, tenant screening, rent collection or tenancy-related administration, identify those requirements in your proposal discussion so the responsibilities can be confirmed. The building-management scope described here does not establish which rental services are included.
HAND OVER THE WORK WITH THE BUILDING'S HISTORY
Bring us your building and its management history
Bridge accepts single-building clients. Whether you manage the building yourself or are appointing a replacement company, a typical transition takes about two months. The handover covers the building's history, financials, open problems and staffing.
Tell us your building's location and size, current management arrangement and the work you want to hand over.
Who we serve
Co-ops
Condos
HOA boards
Multifamily buildings
Property owners and investors
Developers