Easier said than done! As an owner, your options are limited: You can hire a traditional property manager or work with a real estate agent to lease the unit and then manage it yourself.
Each option comes with its own challenges. Traditional property managers are primarily geared toward handling large multi-unit buildings and often lack the brokerage expertise needed to secure top-dollar rents. On the other hand, self-managing can quickly become overwhelming, with the constant juggle of lease renewals, rent collection, and maintenance issues.
Condo and co-op owners in Manhattan, Queens, and Brooklyn now have a third option: Byson Property Management. Specifically designed for single-unit owners, our service combines expert unit management with the capabilities and resources of a real estate brokerage.
Unlike traditional property managers, Byson excels in handling unit turnovers, navigating complex sublet policies and board applications, strategically leasing and marketing your unit, and managing every detail in between.
While we embrace technology, we never lose sight of the fact that we’re in the people business. From the first meeting with a prospective renter to the day they move out, we are dedicated to providing the best rental experience possible. At Byson, we believe that responsiveness, professionalism, and transparency are key to achieving this. For owners, we act as fiduciaries, always prioritizing their best interests.
At Byson, we've completed over 850+ real estate transactions and have represented the largest privately held landlords in NYC. We're experts; we understand every step of the process—pricing, marketing, tenant qualification, and those little details that help achieve the highest possible price. We know what strategies work and the pitfalls to avoid, ensuring your unit is positioned for success.
Condominiums, cooperatives, and rental buildings have unique requirements, policies, and stakeholders. Byson brings extensive experience navigating nuances and working closely with building managing agents and boards to ensure all activities comply with their standards.
Byson connects owners with a network of trusted, licensed contractors and professionals, ensuring quality workmanship at competitive prices. We oversee everything from routine maintenance and emergency repairs to full-scale renovations and conduct thorough pre- and post-lease walkthroughs to keep your units in excellent condition.
Byson's proprietary technology streamlines the experience for Owners and Tenants. Tenants can apply, submit maintenance requests, and pay rent all through a single platform. Owners receive real-time updates, review and approve tenant applications, and access detailed historical reports on payments and expenses.
Byson takes care of every aspect of financial administration, from the collection, management, and disbursement of security deposits to rent collection and the payment of common charges, taxes, utilities, debt financing, and insurance. We keep owners fully informed by preparing comprehensive quarterly and annual financial statements and ensuring the on-time distribution of owner draws.
Legal requirements are constantly changing in New York State; Byson's team ensures that all leases and lease practices are fully compliant with regulations, including DHCR filings, HPD registrations, renewal notice periods, and the handling of security deposits. We also ensure your unit complies with building requirements and policies and keep you up-to-date on all legal changes.