Index Investing News
Wednesday, May 13, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Our Live-In Super Is Retiring. Should We Hire Another, or Contract It Out?

by Index Investing News
June 4, 2023
in Property
Reading Time: 2 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Q: Our long term live-in superintendent of a 50-unit co-op is retiring. Is it necessary to hire another live-in super, or can his responsibilities, which are relatively light, be contracted out?

A: You can certainly contract out the duties of your super. The question is whether you want to.

New York City’s housing maintenance code requires the owner of a building of nine or more units to “provide for janitorial services to be performed on a 24-hour-a-day basis.” Hiring an outside company is one way to do that.


Dennis H. Greenstein, a real estate lawyer at the Manhattan office of the law firm Seyfarth Shaw and a former co-chairman of the New York State Bar Association’s condos and co-ops committee, said that many co-op boards ultimately decide not to replace a live-in super with a service and rent the super’s apartment. The main reason is peace of mind.

“When you already had someone living there, things could change in terms of the service that people in the building expected or had,” he said. A live-in super “means having someone there more often, especially in an emergency,” who can help fix a problem immediately.

A contracted janitorial service, he added, “might be sending different people every time.” They’ll know how to repair a boiler, but won’t know the ins and outs of the building, or the residents living there. Live-in supers, Mr. Greenstein said, “become part of the community, and that’s a very good thing for a building.”

Eliminating the live-in super could also reduce apartment values, Mr. Greenstein said, because many potential buyers consider it a building asset.

Mark B. Levine, an owner of the property management firm EBMG and host of the NYC Real Estate Podcast, on the other hand, said that the boards at many of his firm’s co-ops hire outside janitorial services. But he cautioned that doing so “often feels more expensive than having a superintendent on payroll and their wages partially offset by the free apartment, because the service will include insurance coverage, payroll taxes and profit into their pricing model, as opposed to the building directly paying for insurance coverage and payroll taxes.”

If your building is considering selling the super’s apartment, Mr. Levine cautioned against doing so if money is not an issue, so as to preserve the option of having a live-in super in the future.

For weekly email updates on residential real estate news, sign up here.



Source link

Tags: hireLiveInorContractRetiringSuper
ShareTweetShareShare
Previous Post

US defence chief warns China against risky behaviour in Indo-Pacific

Next Post

Nifty In Technical Charts: Uptrend To Continue

Related Posts

Just Listed | 11211 Prosperity Farms Road #B203 & 204

Just Listed | 11211 Prosperity Farms Road #B203 & 204

by Index Investing News
May 7, 2026
0

Double office suite for Sale in Palm Beach Gardens PRETTY IN PALM BEACH GARDENS2,034 sqft  Double office suite in Palm...

Virginia Greek Revival Estate Finds a Buyer at .25 Million in Just 2 Days

Virginia Greek Revival Estate Finds a Buyer at $4.25 Million in Just 2 Days

by Index Investing News
May 3, 2026
0

A one-of-a-kind Georgian manor located just 20 minutes from Richmond, VA, has found a buyer after just two days on...

Two Sisters, Two Husbands, a Toddler and a House in the Bay Area

Two Sisters, Two Husbands, a Toddler and a House in the Bay Area

by Index Investing News
April 29, 2026
0

For years, Aviva Maslow and her younger sister Elana casually joked about buying a home together. The two had grown...

DOJ Drops Powell Probe, Clearing Path For Warsh As Fed Chair

DOJ Drops Powell Probe, Clearing Path For Warsh As Fed Chair

by Index Investing News
April 25, 2026
0

The DOJ dropped its criminal probe of Fed Chair Jerome Powell Friday, clearing a key Senate hurdle for Kevin Warsh’s...

Florida-based Jennifer Thayer Group Joins Keller Williams

Florida-based Jennifer Thayer Group Joins Keller Williams

by Index Investing News
May 11, 2026
0

Jennifer Thayer Group, a top Florida-based real estate team, is now affiliated with Keller Williams® St. Pete Realty, a KW-affiliated...

Next Post
Nifty In Technical Charts: Uptrend To Continue

Nifty In Technical Charts: Uptrend To Continue

The Russian Mathematician Who Exposed the Cannibalistic Nature of Socialism

The Russian Mathematician Who Exposed the Cannibalistic Nature of Socialism

RECOMMENDED

Santa Fe Contemporary Basks In Breathtaking Surroundings Of New Mexico

Santa Fe Contemporary Basks In Breathtaking Surroundings Of New Mexico

May 22, 2023
Is Nikole Hannah-Jones Proper? – Econlib

Is Nikole Hannah-Jones Proper? – Econlib

March 9, 2022
Bitcoin price holds K as derivatives data hints at end of volatility spike

Bitcoin price holds $26K as derivatives data hints at end of volatility spike

August 21, 2023
Strengthen collective action against terror

Strengthen collective action against terror

October 26, 2022
Will another Fed rate hike help or hurt? How you may be affected

Will another Fed rate hike help or hurt? How you may be affected

July 21, 2023
Seattle Cop Heard Laughing, Joking After Woman Is Killed By Another Police Cruiser

Seattle Cop Heard Laughing, Joking After Woman Is Killed By Another Police Cruiser

September 14, 2023
David Arquette Reveals Position He Wasn’t ‘Proper’ to Play: ‘Only a Catastrophe’

David Arquette Reveals Position He Wasn’t ‘Proper’ to Play: ‘Only a Catastrophe’

August 15, 2024
Fascism is occurring right here –
Las Vegas Solar Information

Fascism is occurring right here – Las Vegas Solar Information

May 3, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In