The Hidden Challenges of Switching Management Companies

Changing managing companies can be a fraught endeavor, but it’s a hurdle many boards will face at least once. Habitat’s Emily Myers sits down with three seasoned NYC property management experts: Mark Levine (Principal, EBMG), Robert Ferrara (President, Ferrara Management Group), and Evangelos Fantakos (CEO, Highrise Property Management) to reveal the hidden challenges that emerge during transitions and share stories from the trenches — including one building facing $70,000 in compliance fines and another caught in litigation during a board coup attempt. These industry veterans discuss everything from navigating sponsor conflicts to rebuilding trust with residents, plus the critical mistakes that can cost your building dearly. Whether you're unhappy with current management or simply want to understand what makes transitions successful, their insider perspectives will help you avoid costly pitfalls and make informed decisions for your building's future.How To Run Your Building: For Co-ops and Condos