Switching property management companies
Transition support and ongoing management for boards and owners.
Bridge takes over management from your current company or from self-management, then provides financial oversight, maintenance coordination and resident support.
We serve co-op, condo and HOA boards, rental and multifamily owners, investors and developers in New York City, the Boston metropolitan area and Washington, DC.
1.2M Sq Ft
Managed
900+
Units
Bonded & Insured
5+ Year
Clients
Since
2016
Whether you are changing property management companies or moving from self-management, the handover to Bridge covers your building’s history, financial records, open issues and staffing.
A typical transition takes about two months.
What the handover covers
i.
What Bridge manages after the switch
After the switch, the agreed management scope can take financial administration, maintenance coordination and day-to-day building work off your board or ownership team's hands. You retain your decisions and responsibilities.
Finances: We establish operating and capital budgets with you and prepare monthly reports comparing income and expenditure with the budget, for the current month and year to date. Boards can see their building's finances through AppFolio.
Maintenance and vendors: We coordinate preventive and corrective maintenance, record completed inspections in a physical-condition log, and manage vendor scopes, bid comparisons and performance tracking.
Building staff: Our management scope includes building-staff management and placement on behalf of boards and owners.
Rental administration: For rental and multifamily buildings, we handle tenant screening, rent collection, arrears recovery and eviction-related administration. Outside lawyers perform legal work and bill separately. Direct leasing representation is separately contracted and charged brokerage.
If you are changing HOA management companies, Bridge provides financial reporting, vendor administration and regular board support.
ii.
The management commitments that follow the move
Bridge assigns a dedicated account manager to each building and averages four buildings per manager across its portfolio.
If more responsive board communication, regular building attention or a clear long-term plan are reasons for switching, these commitments give you specific standards to evaluate:
Building attention: A visit to every building every week
Board support: At least one board meeting per month and a reply to every board inquiry within one business day
Non-emergency work: At least three bids
Long-term planning: A five-year plan for every building, reviewed twice a year
Telephone assistance: Available 24/7 to boards and residents, including multifamily tenants
Critical building issues: Resolved within 24 hours
A critical issue creates an immediate threat to resident safety, habitability, building security, essential building services, or continuing property damage. The 24-hour resolution commitment applies to these critical issues; it is separate from 24/7 telephone assistance.
iii.
Scope and costs of the management appointment
Ownership-change administration
When a unit changes hands, Bridge handles the relevant administration:
Managing resale or estoppel packages
Verifying assessments and violations
Processing the ownership change
The work depends on the transaction. We bring in outside title companies, closing attorneys and appraisers as needed for their specialist roles.
GET STARTED
Request a proposal for your building
Request a proposal for the work your building needs managed, whether you are changing companies or moving from self-management. We take on single-building appointments.
Who we serve
Boards & associations
Owners & residential buildings