Building Equity Management

Specialties

We are a full service property management company specializing in mid-​sized rental, co-​ops and condominiums. We pride ourselves in combining a hands-​on approach to management while employing the latest technological tools to streamline the business. As owners of multifamily buildings, we treat every client building as if it were our own.

All documents for the buildings we manage are scanned and tagged to create a searchable cloud-​based database that allows us to find any lease, bill, check, invoice, or closing statement from anywhere at anytime. Residents can pay their rent or common charges online with their payments immediately posted to their tenant/​owner ledger. The money then automatically electronically transfers to the bank account for the building. Occupants can also use our «Tenant/​Owner Portal» to submit work orders or to send chat messages to the agent for their building.

Financial statements are produced as a single PDF file per month that contains a custom set of financials, bank statements, paid invoices and corresponding checks. For owners or boards that use Dropbox or Evernote, we’ll gladly deliver your digital financials to a shared folder/​notebook so that you can maintain an archive that can be readily shared with other interested parties, such as tax professionals.

Coming from the bottom-​lined focused world of rental ownership, we pride ourselves in tightly controlling vendor costs without sacrificing quality in repairs and maintenance activities.

History

Established in 2012.

Building Equity Management LLL was formed by Michael Vinocur and Brian Reilly after a few veteran rental property investors approached them to manage their properties. Vinocur had previously had his own properties under third party management and had never been satisfied that outside management could do as good a job as he could. The 3^rd party buildings created the critical mass to do a roll-​up to support a full management infrastructure.

From its inception, the firm’s focus had been entirely on rental properties. However, a barrage of inquiries from co-​op and condo boards let the company to expand into that space in 2014, where they have quickly been able to right the ship of buildings that had been mis– or under-​managed for years.

Meet the Business Owner

Michael D.

Business Owner

Holding a B.S. from Johns Hopkins University and and an MBA from Yale University, Michael Vinocur entered the NYC real estate space in 2000, after the sale of a successful conference business. In the early 2000’s, he and a partner had a strong run acquiring and redeveloping uninhabitable brownstone shells in Harlem.

Once that market opportunity had passed, he moved towards investing in neglected multifamily buildings, primarily in Washington Heights. There he employed a strategy based on heavy reinvestment in the properties, always underpinned by a demonstrable financial return. He also became a s self-​schooled expert in New York City rent regulation in order to take best advantage of available tools to extract value out of regulated buildings.

With the launch of Building Equity Management, Vinocur has created the structure for a true 21^st Century property management business. And while technology is important, the first question he asks a new prospect is, «How’s your super?»