Do you live within 30 minutes of the property? Do you own stabilized or pre-1960 units (compliance weight)? Do you have more than four doors? Two or more yes answers point to professional management in New York.
HPD registration and violation response, heat-season monitoring (October-May legal requirements), lead-paint annual notices, leasing within fair-housing rules, and 24/7 response capability. Owner-occupants of small buildings absorb this; remote owners rarely should.
Many NYC owners split the job: self-manage tenant relations, hire out compliance filings and maintenance dispatch. A good super covers the physical layer; an accountant covers the filings; you keep leasing control and the management fee.
Housing-court timelines mean a bad tenant placement costs months, and compliance misses carry fines plus liability. Whatever you save in fees should be weighed against one bad year.
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