Managing condominium buildings is its own niche category of keeping all property parties pleased. At R.E.M. Residential, we have found the key tactics for condo management success, and we encourage you to use our services for your properties. Here’s how we climbed to the top of condo property management companies: We immerse ourselves in the
Owning rental property in New York City sounds like a lucrative, transactional investment until your apartment management company slacks, disappointing tenants and damaging your investment. This is why working with a licensed, well-respected apartment management company in NYC is so important for property owners. Time is limited for real-estate entrepreneurs, so reliance on on-site help
Managing multi-family real estate is about more than checking in on tenants and keeping units booked. Investments are to be plotted and purchased, and all hypothetical to be pre-considered and budgeted. Check out our tips on managing multi-family real estate, beginning with making a sound investment. Thoroughly analyze investments before purchasing. Evaluating multi-family real estate
R.E.M. Residential is equipped with rent regulation experts. Rent control NYC is hotly scrutinized in investment opportunities and rental terms. It’s crucial that your property manager knows the rent control details and fluctuations of each building you own and rent. Let’s look at some of the most common questions renters have on the topic: What
When tenants complain about rent increases and engage in vilifying their landlords, taking to the streets in protest, what they are not taking into consideration are the escalating costs in water, sewage, property and other such taxes which have become quite the burden on landlords. There certainly is a way to save money and not
How long have you been in the business? While in college, I worked as a doorman and handyman fulltime. I worked my way up in the industry, eventually as a property manager for 20 years. I founded R.E.M Residential in 2000. What made you decide to get into your field? After a slew of jobs
“Success is definitely not measured by the amount of money you make, but rather by the way you enrich the lives of the people around you and how people will respect your memory when you leave this world.” Rick Elezi is the energetic owner of R.E.M. Residential, a real estate property management company based in
By Rick Elezi and Aida Gashi , R.E.M. Residential, With the ubiquity of the recent Airbnb ads displaying images of sunny scenes and smiling New Yorkers lauding it, one would be apt to think this is a beneficial service to New Yorkers. However, the only New Yorkers it really benefits are renters that are reaping
By Rick Elezi and Aida Gashi , REM Residential, In our dynamic NYC real estate industry, there is an inordinate amount of items on a landlord’s and/or property manager’s checklist that requires constant attention. Apart from the more obvious ones that come to mind such as collecting rent and addressing repairs, for example, there are
By Rick Elezi and Aida Gashi, Rent-stabilized tenants demanding access to amenities. MCIs taking forever. Mayor Bill de Blasio’s appoint of more tenant advocates on the Rent Guidelines Board. Proposed rent freezes. Twenty-seven new amendments to the Rent Stabilization Code. A stronger Tenant Protection Unit. What does the portend for the future of New York
By Rick Elezi and Aida Gashi , R.E.M. Residential When R.E.M. Residential, a property management company based in Manhattan, expanded in 2012 with the acquisition of LWL Properties, another management company, its owner Rick Elezi was faced with a conundrum. His company had now doubled in staff and portfolio nearly overnight. New hires would
By Rick Elezi and Aida Gashi , REM Residential A group of friends and I gathered for dinner recently on a blustery winter’s evening. The fireplace roaring, the food and wine were the perfect backdrop for a relaxing dinner. However, these were property manager friends and one of them arrived late, sighing, “Board meeting.. you
CHIP’s 2014 Golf Outing and Summer Cocktail Party was so well attended, it was impossible to include pictures of all the attendees in our last issue. But we accidentally omitted one of our most photogenic members: REM Residential, headed by Rick Elezi. CHIP would like to extend special thanks to the REM team for its
By NY Daily News Unite. Help & Give” was R.E.M. Residential’s disaster relief initiative that helped hard-hit Staten Island exactly one year ago. R.E.M. Residential, a Manhattan-based property management company, joined the cause to lend a hand to those stranded in S.I. whose help from authorities couldn’t come fast enough, Fortunately R.E.M. was able to
By Steve Cutler Talk about a family affair. If you count – as R.E.M. Residential’s President Rick Elezi and wife and business partner Shpresa Elezi do – their managing agents, the owners and superintendents of the 70 rental buildings they manage throughout predominantly Manhattan, but also Brooklyn and Queens, in their way, the tenants who
By Real Estate Weekly Property management firm R.E.M. Residential recently celebrated its new headquarters opening at 36 W. 37th Street with more than 200 friends, family members and colleagues. The party also honored the release of the latest NY Residential magazine, with R.E.M. president Rick Elezi gracing the cover. Drinks were served all night
By Real Estate Weekly R.E.M. Residential has appointed three new senior executives to expand its range of services. The company has also added six buildings to its growing roster of properties under management and has relocated its headquarters to a 5,000 s/f facility at 36 West 37th Street. “These are exciting times for us; we’re taking
Hurricane Sandy’s destruction was felt in many communities along the East Coast. Staten Island, one of the hardest hit areas in New York, received a delayed response from authorities but has started to rebuild itself, piece by piece with the help of several grassroots initiatives, community volunteers, and donations. As New Yorkers rose together to
By Illyria Press This is the story of how some Albanians of New York and their friends rushed to help those in need One year ago, Hurricane Sandy lashed over New York and the surrounding areas. Thousands of people were left homeless, without food and clothes. The state of national emergency was declared in both
By Real Estate Weekly R.E.M. Residential has acquired LWL Associates, a boutique management firm that has been in business for over 40 years, announces Rick Elezi, president of R.E.M. The acquisition raises to 70 the number of buildings under R.E.M.’s supervision. “I have known the principals of LWL for 10 years, and have always been
Built upon a mission to take property management to a whole new level of excellence, R.E.M. Residential is joining NYC Landlords “to maximize values in a climate of owners having to navigate the ever-increasing complexity of government and consumer regulations,” as R.E.M. President, Rick Elezi, puts it. “We are much stronger when we work together,”
By Real Estate Weekly Many people equate residential management with building supervision. But building supervision is only part of the story, says Rick Elezi, president of REM Residential. Rick points out that residential management must involve strategies to cut costs and raise revenues. And he should know, after nearly three decades in the business. An
In the spirit of R.E.M. Residential’s theme of “Fees That Feed Needs,” they recently undertook a new endeavor in time for the holiday season: a toy drive. This was not just any toy drive, though. All toys collected (and as evidenced from the accompanying photographs, there were plenty!) are to be shipped overseas to Kosovo.
