FHRM

How FHRM helped us: FHRM's property management team was able to save us time and money. They team delivered time and time again quality service with a budget we could afford. 1. A qualified contactor was found to fix leaky roof and to perform all necessary work for $770,350, which comparable project in adjacent buildings cost around $2,000,000. Wor... k was completed within 6 months with substantial savings to shareholders without compromising work quality, or raising maintenance. 2. Due to the collusion between our super and Elevator Company, constant fraudulent elevator interruptions plagued my building for a number of years. A new elevator maintenance provider was contracted; elevator shafts were secured from unauthorized access, resulting in 70% cost reduction. The previous company rescinded $20,000 in fraudulent charges. 3. Our landscapers were replaced, grounds were re-seeded over 100 new trees, flowers, and bushes, were planted. 4. FHRM spent a lot of time and energy to remove an enormous amount of violations that ranged from sidewalks disrepair to lead presence. 5. Management team prepared property's complete paperwork for J- 51 filing with NYC getting us almost $400,000 in Tax Abatements. 6. Our high cost of heating was ignored for many years, creating unnecessary financial burden on the building. An oil to gas conversion was initiated resulting in substantial financial savings. In addition management initiated video inspection of chimney that resulted in avoiding new chimney liner installation, recommended by unscrupulous contactors, saving us extra $900,000. 7. Our lighting system was replaces with LED technology. Installation of 1400 new LED fixtures in the common areas brought a substantial reduction in utility costs. 8. To bring building in compliance with OSHA and DEP regulations, the FHRM team arranged for a property wide asbestos survey and remediation. OSHA's penalty of $21,000 was negotiated down to $1,000.Read More