I Can Manage Why Some Co-ops Opt to Self-Manage

Co-op and condo buildings don’t run themselves. Their owners and shareholders rely on board members to make important decisions about the buildings they live in, and board members count on their management companies to provide them with the information needed to make smart decisions.

For some buildings, a management company isn’t enough. Some co-ops and HOAs prefer to be self-managed—that is, to handle their own affairs by hiring a manager to run their building and their building only. This isn’t for everyone, but with the right team in place, a self-managed building can often save money and do more with their property.

Undivided Attention

“We handle everything in-house,” says Rochelle Captan, who’s been managing Amalgamated Warbasse Houses in Brooklyn for 30 years. “From the management and the bookkeeping department, maintenance department and security department, our own power plant. We do it with me as the manager, and I have an assistant and a staff of about 90 people.”

Amalgamated Warbasse is a large community, with 2,585 families, a power plant and a shopping center. A co-op of that size can benefit from being self managed. Captan says having more direct contact with the board of directors and handling almost everything regarding the building’s operations within (plumbing and electrical repairs being among the exceptions) is important for Amalgamated’s success.

“We don’t have the red tape of going through a management company,” Captan says. “It’s a day-to-day situation where I’m in touch with the board members as much as they need to talk to me…. I think it’s a more intimate relationship. I think the thoughts and desires of the [residents] are better-served because the person that’s here is the person.”

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7 Comments

  • 2830 ocean parkway bldg 1 has a dangerously difficult lock behind bldg and in lobby.With brutal weather people struggling to open while freezing.another big problem washers and dryers usually broken weeks at a time.Lastly:larger washers needed and more than one for people to fight over.
  • I live in bldg 1 and the stairways need to be hozed down weekly with the stairs being used to urinate on.There so much urine for so long that the paint on stairs buckling.Lysol and Mr.Clean gives pleasing smell and disinfects.Cigerettes put out on walls!!What the hell?I feel management should post signs by elevators in every section that tresspassors will be arrested!! Dog owners need to be fined also for letting their dogs pee all over walls of bldg,beautiful lamposts and fenses not to mention garbage cans so people cant get close enough to empty garbage!!Again,What the Hell?If people showed some class we would not have to go to another planet to find civilization:we might be able to find some here!!(For Sure)It would also be very nice if the stairways and halls painted a nice cheerful colour.Mint maybe!!White has no personality.Even cream would class up area.
  • what does it take to find kindness today?How many times I have said excuseme and someone laced into me telling me to walk around them!!When do the decent people get what they deserve?I have been a resident here 15 years and have never felt welcome by some.For some reason some prefer to hurt others rather than putting a smile on their face.They do this with gossiping creating a victim,not keeping development clean and this not fair to the considerate.The ones that dont toss buckets of butts off terrace apt. which so uncouth and irritating to those that want to admire and smell beautiful flowers.I have lived here 15 years and could have had a decent life if I had gone from one court case to another sucking the life out of me.There never should have been a succession case:I lived here 3 years before my mother died and was never even allowed to grieve when in days I was embroiled in a legal action.I deserved the same chance everyone else got when they came here,to better my life but never did I get it.Because I complained about tub another case started months later.I spent 15 years of my life and heart in court cases.The workers mostly feel saddened but what can they do?I hope when my back rent paid up that the end of court cases here.I am sad to start each day with an ax hovering over me and dont deserve it.I ask why g-d allows it but get no answer.I hope it removed soon and the burdens with it!This home all I have.I earned it with I have been put through.One day in a persons life in worry is too much and 15 years inconcienable.For Sure!!I hope the good guys pray for me and that their prayers ans.with no more.Let me live in peace and not fear!!
  • Where do I begin...I am on a handicapped parking list for 6 years. Of those 6 years I have been "next" for over 4 years....are they kidding me? I don't have the 10-30 thousand dollars that people are paying to bribe the "right people" to get a spot. How is it that near my building there are BRAND NEW cars always parked with young "wealthy types" driving in and out like their farts don't stink....outrageous....I though the mob was gone, I guess not! I am ticket off and beyond frustration...all of the other posts are true as well except the pet part, my pet stays off the building property and is picked up after religiously.
  • As always sanitation did a horrific job making bklyn even a more dangerous place by pushing tons and mountains of snow off roads and onto sidewalks and curbs!!The snow turned to ice and pedestrians unable to navigate and cross streets.Yearly many suffer because of this where pedestrians shown no respect and need to walk in roads where cars dont slow down and splatter you with mud and dirty warter! I hope ther no serious injuries or deaths because of this.It inconcienable yearly this takes place and no help available.Curbs around perimiter of bldg need to be shoveled and dumped into sanitation truck so people can safely get across streets.It cruel to do otherwise.It dangerous to do this to us pedestrians and people with cars cant park.What the hell??
  • I see management has finally gotten around to cleaning up the plant box in bldg1 and putting in two pretty flowers.It a start and long overdue.
  • Several weeks ago beautiful flowers were put into bldg one the most neglected bldg here and soon after they were ripped out!People were happy to see this when getting out of elevator.They looked real and some of us thought they were and went over to see how warter was comming in.We were saddened to see they ripped out and we heard by one of porters.I speak for all of us decent folks here that the porter seriously dealt with because this was a blow to all of us.People in bldg one deserve the same as rest of development.As a long time resident I hope we get it with new flowers as nice as bldg 4.