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Top Questions NYC Landlords Ask Before Hiring a Property Manager, what are the benefits

Updated: 6 days ago

Thinking about what to ask a Property Manager

Thinking about hiring a property manager in NYC? Are there any benefits? Here are the most common questions Brooklyn and Queens landlords ask before making the decision.


Introduction


Hiring a property manager in New York City is a big step. Many small landlords in Brooklyn and Queens want help but aren’t sure what to expect—or what questions to ask. The good news: most owners have the same concerns.



Here are the top questions NYC landlords ask before choosing a management company.


1. “How Much Does Property Management Cost?”


Most NYC management companies charge:

  • A monthly percentage

  • A small leasing fee

  • Optional extras


Elskyte uses a performance-based model, meaning you only pay a percentage when rent is actually collected, plus a small monthly base. This helps small owners keep costs predictable.


2. “How Fast Will You Fill My Vacancies?”


Most vacancies fill within:

  • 1–2 weeks during busy season

  • 2–4 weeks during slow season


Timing depends on:

  • Rent price

  • Condition

  • Photos

  • Neighborhood

  • Marketing strength


Strong systems = faster leasing.


3. “How Do You Screen Tenants?”


A complete NYC screening process includes:

  • Income checks

  • Credit history

  • Background checks

  • Rental history

  • Employer verification

  • Reference checks


Screening protects your building long-term.


4. “Do You Handle All Repairs?”


Yes. A manager coordinates:

  • Vendors

  • Scheduling

  • Tenant communication

  • Follow-up

  • Emergencies

  • Preventive maintenance


This keeps costs controlled and prevents issues from growing.


5. “Will I Still Be Involved in Decisions?”


Always. A good manager:

  • Communicates clearly

  • Gets approval for major repairs

  • Provides updates

  • Sends reports


You stay in control without doing the day-to-day work.


6. “What Happens If a Tenant Doesn’t Pay?”


A strong manager:

  • Sends reminders

  • Charges late fees

  • Starts legal notice (when allowed)

  • Works with your attorney

  • Keeps everything documented


Consistent follow-up reduces long-term issues.


7. “Is Property Management Worth It?”


For most NYC owners, yes—especially if:

  • You work full-time

  • You live far away

  • You’re tired of repairs

  • You’re dealing with problem tenants

  • You want stronger systems

  • You want steady rent


Management brings stability and peace of mind.


Conclusion


If you’re thinking about hiring a property manager, these questions help you understand what to expect and what matters most. With the right company, owning property in NYC becomes much easier and far more profitable.


Want answers to your own questions?



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