Unreliable Management Company (Co-op)

[Ronald Roetsel]

I hope some of you who have experience dealing with co-ops and their management companies (especially in NYC area) can give me a hint how deal with the management company who for years deliberately makes my life difficult and put unnecessary burden on me and my investment. To give you some examples, they freely change balances on my accounts and ignore to correct them - even with the support of the BoD. I am closing January with $0 balance, to see on the February’s statement that I have not paid them in $2K, and now I owe them $2K + penalty + fees for February. After calling them / sending letters (certified), paying fees for February, on the following statement I am finding that I $1200(?) is overdue + fees for the current month. This game is happening for months.

They demand excessive documentation (on my dime) for damages caused by their negligence, and even we settle (what takes months) they lie confirming completion the work while the work was never done. 

I am not even sure if I get to the court as I am living out of state and I doubt if I can sue them for their stubbornness in doing stupid things. I am spending a lot of personal time collecting paperwork, sending letters, discussing cases with an attorney.

The BoD does not want to change the management company and either doesn't want to or doesn't have a leverage to change their behavior.

Any thoughts other than selling the apartments? 

Thanks!

R.