Own Manhattan. Live Anywhere. Podium Managed.
Most Manhattan condo owners already pay a leasing commission every time a tenant turns over. See how little additional cost professional management may actually require.
Calculate My CostYour numbers
Leasing commission is a one-time cost per lease; we annualize it over your lease term for a fair comparison.
Your Net Cost of Professional Management
- ✓ Tenant communication
- ✓ Rent collection
- ✓ Repairs
- ✓ Condo board packages
- ✓ Property inspections
- ✓ Renewal negotiations
- ✓ Owner reporting
- ✓ Emergency coordination
You Didn't Buy a Manhattan Condo to Become a Property Manager
Every rental comes with responsibilities. The question is whether you want to handle them yourself.
Your condo should be an investment, not a second job.
- Tenant texting at 10:30 PM because the refrigerator stopped working
- Finding a contractor when you're at work, traveling, or out of state
- Chasing late rent and deciding when to escalate
- Managing condo board applications, revisions, and deadlines
- Negotiating lease renewals and avoiding costly vacancies
- Getting the call when a leak happens on a Sunday morning
- Coordinating access with supers, vendors, and tenants
- Keeping up with building rules and local requirements
- Handling notices, disputes, and difficult tenant conversations
What Is Your Time Worth?
If you spend just 2 hours per month managing your condo and value your time at $100 per hour, that's:
…of your time, before accounting for stress, interruptions, vacancies, travel, or emergencies.
The Good News
Most Manhattan condo owners are already paying a leasing commission every time a tenant turns over. The calculator above shows what professional management actually costs after accounting for expenses you're already paying anyway.
Compare the plans
What's actually different between Core, Signature, and Reserve
| Feature | Core | Signature | Reserve |
|---|---|---|---|
| Leasing commission | 90% of 1 mo | 75% of 1 mo | 50% of 1 mo |
| Management fee | 4.9% | 4.9% | 6.9% |
| Rent collection | ✓ | ✓ | ✓ |
| Tenant communication | ✓ | ✓ | ✓ |
| Repair coordination | ✓ | ✓ | ✓ |
| Owner reporting | Basic | Enhanced | Enhanced |
| Property inspections | ✕ | Annual | Semi-annual |
| Renewal strategy | ✕ | ✓ | ✓ |
| Vendor management | ✕ | ✓ | ✓ |
| Insurance claim coordination | ✕ | ✕ | ✓ |
| Priority response | ✕ | ✕ | ✓ |
| Rent-ready project coordination | ✕ | ✕ | ✓ |
| Concierge owner support | ✕ | ✕ | ✓ |
Why Most Owners Choose Reserve
- ✓ Highest leasing discount
- ✓ Priority support
- ✓ Semi-annual inspections
- ✓ Insurance claim coordination
- ✓ Rent-ready project management
- ✓ Best fit for investors and out-of-state owners
For many Manhattan condo owners, the additional management fee is substantially offset by the reduced leasing commission.
Want a Personalized Analysis?
We'll review your unit, rent, and building and show you exactly what management would cost.
Learn more: Pricing · Condo management fees guide · For owners · All guides