News: Spotlight Content

2022 Industry Leaders: Richard Maltz, Maltz Auctions

Nominee’s Name & Job Title: Richard Maltz

Nominee’s Company/Affiliation: Maltz Auctions

 

What was the most difficult experience you have encountered as a leader?

The most difficult experience I ever had to navigate as a leader was sharing the news that my father had been diagnosed with leukemia and was going to pass away quickly. Being personally devastated and having to show stalwart strength to the outside business world was challenging, but with the support of my team we were all able to get through it.

What leadership role outside of the workplace is most rewarding to you?

I’d have to say my most rewarding leadership role outside of work is that of “Daddy.”

What advice would you give the next generation of leaders in your industry?

“You only have one reputation. It takes a lifetime to build and one poor decision to destroy.” These are amazing words to live by and if you keep them top of mind, you’ll succeed.

What is your management style?

Since our business is so exacting as we work with bankruptcy attorneys, trustees, judges, and more without room for error, I tend to have an extremely hands-on management style.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary