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Learn Everything There is to Know About NYC's Condos, Co-ops, and Apartments.
Six Budget-Friendly Rental Property Renovations
Rental renovations are a terrific method to draw in new tenants and raise the value of your home, which will allow you to charge higher rental rates and boost your income. There are various rental improvements you as a landlord may do, all for less than $1,000. Some low-cost remodeling suggestions include outside improvements like…
Are You Setting Too Strict a Standard for Tenant Screening?
You must have objectives in mind as a landlord when looking for the ideal tenants for your rental property. How can you determine if your tenant screening standards are too stringent, though? Overly tight tenant criteria can make it difficult for you to fill openings or perhaps cause you to ignore qualified candidates. Your screening…
The Common Methods of Rent Collection
For many landlords, collecting rent can be a hassle and a cause of worry. Payment issues seem to be landlords’ top concern. You should set up a reliable rent collection system before renting out any property. How can you ensure that you are paid on time then? There are numerous methods for collecting your monthly…
Co-Ops vs. Condos: What’s The Difference?
Condos and co-ops are comparable, but they also have distinctive qualities that give residents a wide range of possibilities. The real estate market in New York City is unique from all others in the country in many respects. The fact that apartments for sale in NYC are either condominiums or co-ops is one of the…
Why Communication Consistency Is Vital To Your HOA
Implementing and upholding HOA rules that support resident safety and lifestyle amenities is a key component of administering a homeowner’s association (HOA).It might be difficult to create strong HOA rules that satisfy community needs and are reasonable to uphold. Boards must develop a solid foundation with open communication at their core to ensure success; this…
How to Know When It’s Time to Switch Management Companies
It’s common for landlords to break up ties with their property management. Here are five explanations of why this occurs: Communication Breakdown: The property manager does not reply to calls, texts, or email messages from the landlord. The landlord could become upset by this as they feel ignored by the manager. One business day is…
Noise Complaints in a Co-op
Your board may be within its powers to fine or take action against tenants for excessive noise, depending on the house rules in your building—and the proprietary lease if it’s a co-op. Residents frequently complain about loud late-night parties or unnecessarily loud music. Noise in an apartment building—and smells for that matter—can be very subjective…
The Appropriate Co-op Board Response to a Hoarder
When a co-op board learns that a hoarder is residing in the building, what should it do—and not do? Take these actions: Send a Notice: The first step in resolving the problem is to contact the shareholder and send a notice. This can point out that there have been complaints of odors and infestations. As…
New York City is Losing The War Against Rats
A mound of greasy rat carcasses sat in front of Eric Adams. He describes his strategy for ridding the city of its vermin issue in the late summer of 2019. The then-Borough President of Brooklyn remarked that “many people have accepted having rats in their community.” He goes on, “What’s truly holding our city…
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