Managing properties in New York presents a series of challenges not faced by operators in other parts of the country. Local laws and regulations are constantly in flux, and it is important to select a property management software provider that can adapt to these changes quickly so your operation can…
Staying DHCR Compliant Adds Value
After attending CHIP’s annual “Build, Buy, Hold, Sell: Strategies and Expectations for the NYC Real Estate Market” event, the big takeaway relevant to our business is clear. Staying DHCR compliant makes your portfolio more valuable. Savvy buyers often dig deep before closing to uncover…
Every now and then, we still run into a company managing apartments in New York City that doesn’t subscribe to the New York City Apartment Management Checklist. While there is no silver bullet to keeping track of absolutely everything you will ever need to know in the world of…
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On February 8, 2017, Adam Friedberg, Vice President at MDS Property Management Software, sat as an expert panelist at CHIP’s “Technology and Multifamily Buildings: Amenities, Management, and Revenue Opportunities” seminar hosted at the New York City Bar Association to a capacity crowd.
Presenting on the topic of “Internal Back…
It has never made much sense to our team that you should have to log into a separate system to handle commercial units. After all, the core of what is required of a good residential or commercial property management system is the same. Namely, bulletproof accounting, a well designed and…
MDS officially launched our highly anticipated RapidPay Invoice Imaging system this week with a party at Heartland Brewery’s Empire State Building location and I’m more excited than ever about what this product is going to do for our clients. One of our Beta testers proactively came up to…
As someone that has seen and completed quite a few Property Management Software RFPs I can really sympathize with anyone trying to put one of these together. The point of this exercise is of course to end up with a side by side comparison of competing systems to eventually choose…
The more time I spend in the property management software industry, the more confident I get in the level of service and the quality of the product that we offer our clients. Just recently, an intelligent, thoughtful prospect who’s experienced managing very large portfolios with some of the most…
The flood of property management software systems coming onto the market today is making it more and more difficult for a consumer to make an educated decision as to which product will best suit their needs. Here are five things to watch out for when shopping for property management software…
A quick look at the list of our pending contracts gives a pretty good sense of who is out there shopping for property management software. Really, our prospective clients almost always break down into several broad categories.
At any given time, our team is consulting with at least several companies…
Well, like it or not it’s that time of year again- July 31st is fast approaching and it is time to file your Annual Apartment Registrations with the DHCR for rent stabilized apartments. As many building owners in New York can attest, this process can be quite tedious and…
