Residential Property Management Trends with Sandy Adelsberg of Veritas Property (E20)

Fun and informative discussion with Sandy Adelsberg of Veritas Property Management covering her long career. She started purchasing co-op apartments at auction during the 1990s when you could buy apartments in NYC for $3,000.00 a unit. At that time, people said you might lose money and they may not retain value. “I think it was my ex-husband who said that.’’ Of course, these turned out to be pretty good investments and she used her management and market experience to form Veritas with two other partners, which company has grown to manage a portfolio of approximately 130 buildings. Sandy also discusses the challenges in today’s NY residential real estate market and property management trends.

00:00 Intro and Background
02:42 Market Crash 1990s
04:23 Carl Bornstein
05:20 James Maistre and the Birth of Veritas Management
07:06 How Has NYC Changed Since the Early 1990’s
09:04 What Separates Veritas From Other Management Companies
10:50 Compliance with Laws
16:16 Other Big Management Issues
20:37 HDFC Success Story
23:53 Property Management Challenges
25:58 Sales Market Predictions for Regular New Yorkers
30:47 Yoga
31:22 Rock n Roll and Webster Hall
32:47 Contact info
18:20 Contact Information