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August 2016 - Hoffman Management
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Managing Manhattan Properties Since 1990

August 2016

How to Turn Around a Financially Troubled Building

The Challenge When I asked the outgoing manager of the co-op that we were taking over for the transfer check, he said, “What check?” This transaction is standard in transitions between agents; it’s how the old agent transfers the operating funds to the new one. In this case – a 75-unit property on the Upper