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Property Management Services

Norman Ostrow Inc. is a full service property management company, specializing in rental, and condo management. We’ve developed a very effective style of management that has allowed us to build and retain lasting relationships with our clients. This progressive style and dedication to improving the means by which we do business, is what sets us apart from the competition.

Our property management solutions are tailor-made to assist those who own or represent residential properties in Hudson County NJ and prefer to have their investment taken care of by a third-party with the expertise to maximize asset income, while minimizing downtime and controlling operating expenses.

As a Norman Ostrow Inc. client, you’ll come to appreciate the rigorous process we go through to carefully evaluate the necessity of every expense, making use of our negotiating skills and industry relationships, developed over many years. These are tangible benefits that result in real savings over the short and long terms. And yes, we do bid every job competitively, and work hard to award it to the highest-quality, most cost-efficient contractor or service provider.

We are also extremely conscientious about responding to every resident request in a timely, courteous and attentive manner. As a Norman Ostrow Inc. client, we ensure that all tenant, resident and owner inquiries are responded to promptly and filter all communications taking the hassle away from you.

Generating clear, transparent, monthly financial statements is something else we’re scrupulous about. You will always be able to track the cash flow of your assets because we will always keep you apprised of precisely what’s coming in and exactly what’s going out.

With a combined 45+ years of experience in all facets of the real estate industry our team of professional management specialists is dedicated to protecting every aspect of your real estate investment.

So, whether you own a single apartment, a portfolio of several apartments, an entire building or represent a condominium board, Norman Ostrow Inc. welcomes the opportunity to assist you with all your property management needs.

Condominium Management Services

Norman Ostrow Inc. manages condominium buildings throughout the Hudson County, NJ area.

We tailor our services to fit the needs of each particular building, ensuring that all aspects of the asset are managed.

Our full range of services includes:

  • Monthly and Annual Operating Budget Preparation
  • Common Charge Collection
  • Common Element Expenses Payment
  • Monthly and Annual Financial Statement Preparation
  • Maintenance and Repair Facilitation
  • Capital Improvement Planning and Supervision
  • House Rule Oversight and Implementation
  • Insurance Procurement
  • Condo Board Management
  • Resident / Board Communication
  • Contractor / Vendor Screening and Verification
  • Boiler, Elevator and Life Safety Equipment Inspection/Monitoring
  • Monthly Operating Statement Preparation
  • Local Law Compliance and Inspection Facilitation
  • Routine Property Inspections
  • Leasing / Purchase Application Review and Processing
  • Emergency Repair Facilitation and Oversight
  • Regulatory Compliance
  • Permit / Certificate Filings

Rental Management Services

At Norman Ostrow Inc., we take the stress out of owning investment properties.

We have experience dealing with all levels of the market, from a single apartment to large multi-unit buildings.

Our services are designed so that your role as the owner is only to sit back and relax. We’ll take care of all the rest.

Our full range of services includes:

  • Apartment Rentals with Full Tenant Screening
  • Rent Collection
  • Monitoring Tenant Compliance with Lease Terms
  • Non-Payment Actions and Court Appearances
  • Lease Renewals, Review and Processing
  • Expenses Paid Monthly
  • Monthly Operating Statement Preparation
  • Monthly and Annual Financial Statement Preparation
  • Maintenance and Repair Facilitation
  • Pest Control Management
  • Janitorial and Cleaning Supervision
  • Safety and Environmental Oversight
  • Capital Improvement Planning and Supervision
  • Insurance Procurement and Policy Renewal Review
  • Resident To Owner Liaison
  • Obtain Contractor Bids and Oversee All Renovations
  • Routine Property Inspections
  • Emergency Repair Facilitation
  • Compliance with All Required Inspections and Regulations
  • Violation Correction & Dismissals