Salon Realty is a full service management company with more than 25 years of experience. We offer expert management of co-op, condominium and rental properties throughout Manhattan and the outer boroughs.

Our experienced management staff is involved in every aspect of the buildings operations. We focus on maintaining and improving the properties structure and systems, and specialize in providing preventative maintenance services by taking a pro-active approach to management. Our state-of-the-art web-based technology increases communication with tenants and further improves the efficiency of our management services.

We have participated in the successful conversion of over 50 properties to co-op/condominium ownership throughout the metropolitan area.

The management services we provide include, but are not limited to:

• Monthly billing and rent collections
• Review and payment of bills
• Apartment rentals & commercial leasing
• Lease renewals, negotiations and escalations
• Supervision of building employees and daily building maintenance
• Providing detailed monthly financial reports
• Review and maintain all building files and information
• Initiating legal actions and appearing in landlord-tenant court
• Obtaining contractor bids and overseeing all renovations
• Monitoring tenant compliance with lease terms (primary residence, illegal tenants, illegal sublet…)
• Negotiate and obtain all building contracts (elevator, exterminator, boiler…)
• Prepare and update all reporting requirements with the appropriate government agencies
• Weekly building inspections
• Prepare monthly preventative maintenance report
• Violation dismissals
• Negotiate competitive prices and volume discounts with vendors
• Attend monthly and annual board meetings
• Co-op sales, subleasing agreements, alterations

For the real estate investor who is not interested in our full array of management services, we offer a Back Office and Financial Services Plan.

BACK OFFICE FINANCIAL SOLUTIONS

The climate of the real estate market is always changing, growing, evolving. New dynamics are constantly transforming the way property owners and managers must operate and function if they wish to meet their financial goals and increase their bottom line. In response to our clients ever changing needs, we have developed a back-office financial management program that is second to none. Whether you are part of a self managed co-op/condo, or a management company who lacks the resources to meet your obligations, we have the solution.

The program eliminates the time consuming bookkeeping, billing, and administrative duties that plague many on-site managers and self managed properties. Transferring these duties to our experienced account managers enables you to concentrate on the day-to-day operations of your property and make sure your investment receives the attention it needs. Members of a self managed property often lack the experience, expertise and most importantly THE TIME required to effectively manage the financial aspects of their property. Why burden yourself with tedious duties like rent billing and monitoring accounts payable when you can have an expert do it for you at a fraction of the cost?

The following are some of the services offered in our
BACK-OFFICE & FINANCIAL SERVICE PLAN:

• Monitoring and Administration of Accounts Receivable
• Reserve Funds Tracking
• Collection of Assessments
• Accounts Payable and Check Disbursements
• Detailed Financial Statements
• Audit Assistance
• Modified Cash or Accrual Accounting
• Capital Reserve and Expenditure Budget Support
• Cash/Asset Management
• Timely Bill Payment