Some Hoboken tenants remain cold

Letter: Hoboken Management company freezing us out post-Sandy

Below is an interesting story from a resident on the west side of town – whose property management company is allegedly holding back on repairs until tenants pay – rather than making the work priority, and waiting on reimbursement from the insurance company:

Hoboken NJ residents still without heat and hot water after hurricane sandy - Some Hoboken tenants remain cold“I currently live near 7th & Jefferson and our furnace and hot water heater was damaged because of Hurricane Sandy. We have been without heat since the storm.

Our furnace heats our building and the one next door, I believe there are 11 units in all.

Our management company (Sacci Management) decided they wanted to charge each unit $1,000 each then install the new heat and hot water heater instead of fronting the money and waiting for the insurance check. Sacci Management company already has the new furnace and water heater ready to be installed but they refuse to because they haven’t received all of the checks from the owners of the condos.

Can they legally do this? Today is day 30 without heat. I just found this out today and have contacted the city of Hoboken.”

Do you think that’s right for a condo management company to play around like that?

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Friday, November 30, 2012 10:13 am

Lets get a few facts straight. The building in question is extremely old. When you have an older building like this, you should have at least 2K per unit in reserve for replacement costs. Even without a superstorm, the condo associations should have been prepared for the necessary replacement of a boiler or a furnace.

In this case, the association did not have a large enough reserve so they had to bill a special assessment to obtain the funds. The timing on this was entirely too slow. The deadline should be within 15 days of the assessment. It seems like they dragged their feet in this scenario.

No unit owner should be charging rent to their tenant in this situation. If they have proper insurance, then they will receive business interruption proceeds to cover their loss of rent. If they collect business interruption proceeds and still charge rent, then they are committing fraud.

Thursday, November 29, 2012 11:20 am

I agree with most here about reserves and what they are for. Our repairs have to be paid for up front and we did not have the 20k or so in reserves. If you wait for insurance it could be weeks. We actually filed the flood claim ourselves. Coordinating funds from each tenant is giant, tiring task in itself. I now realize why Co-Ops exist with their strict guidelines.

It’s been a month and our electric repair is almost done and all the furnaces are replaced as well as hot water. That’s all out of pocket. There is still cleaning services to get done, wiring in basement, replacing the washer dryer, replacing sump pumps, etc. If insurance reimburses even half of the cost i will be happy. It is going to take a long time to get back to routine.

If i’ve learned anything from this storm is that you should never count on anyone except friends and family to get things done. Facilitate it yourself. FEMA is for extreme cases like Rockaway

Anyway good luck and I hope you are back up and running toot sweet

Wednesday, November 28, 2012 3:03 pm

Anthony Sacci of Sacci management is a thief and a dirt bag. Fire him. It seems like you are new to his services. He will delay doing work and then try to rip you off in the end. Trust me – I found out the hard way.

Reply to  amh2
Wednesday, December 5, 2012 12:22 pm

I’ve dealt with Sacci Management for the last few years and have found him to be a genuinely nice guy, willing to help whenever he can and honest. We check expenditures and bills every year and have never come across anything that would deem him a thief or dirt bag.[quote comment=”218448″]Anthony Sacci of Sacci management is a thief and a dirt bag. Fire him. It seems like you are new to his services. He will delay doing work and then try to rip you off in the end. Trust me – I found out the hard way.[/quote]

Wednesday, November 28, 2012 9:49 am

Buildings need to build reserves instead of maintaining artificially low monthly maintenance to keep it attractive to buyers.

Tuesday, November 27, 2012 10:22 pm

Condo owners are responsible for payments. Not management company. That is why buildings need a reserve.

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