May 9, 2023 The installation of natural gas stoves and appliances in new apartment complexes is prohibited for the first time in New York. The measure is part of the...
THE CHALLENGES OF MAINTAINING CONDO BUILDINGS
May 6, 2023 Owning a condo can be a great investment, but managing and maintaining it can be challenging. Many condo owners face a range of issues from maintenance and...
CHATGPT IMPLEMENTATION IN THE PROPERTY MANAGEMENT SECTOR
May 3, 2023 The AI-powered chatbot ChatGPT, which employs machine learning and natural language processing (NLP) to produce human-like conversations, has the potential to be used in a variety of...
WHAT CAN YOU DO IF YOUR TENANT IS UNABLE TO PAY RENT?
April 26, 2023 15% of American households had unpaid rent as of last fall. Landlords encounter tenant issues as more people struggle to make ends meet due to rising inflation...
RENT-STABILIZED APARTMENTS THAT ARE VACANT WILL BE REPAIRED BY THE CITY
April 20, 2023 Although some owner groups claim it won’t be enough, the city is establishing a $10 million pilot program to assist landlords in repairing unoccupied, rent-stabilized apartments. According...
HOW TO MAKE RENTING IN NEW YORK A BREEZE
April 19, 2023 It’s not simple to rent in New York City. Finding the ideal apartment can be challenging and overwhelming due to exorbitant rents, constantly shifting lease obligations, and...
THE MOST COSTLY HOA FEES
April 17, 2023 A joyful and useful living environment is produced for community members by well-managed HOAs. In HOA-governed areas, property prices are frequently greater. Fantastic benefits like access to...
THE NYC GUARANTY LAW WAS DECLARED UNCONSTITUTIONAL.THE NYC GUARANTY LAW WAS DECLARED UNCONSTITUTIONAL.
April 3, 2023 A federal judge ruled that a Covid-era provision from March 7, 2020 through June 30, 2021 for retail renters is unconstitutional, siding with commercial landlords. The judgment...
What is a Co-Op or Condo Assessment?
Capital expenses like elevator, roof, or façade maintenance are frequently necessary for co-op and condo buildings. Boards frequently employ assessments to fund these renovations. These are short-term hikes to...