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Learn Everything There is to Know About NYC's Condos, Co-ops, and Apartments.
What Obligations and Time Requirements Come With Joining a Co-Op Board?
From building to building and board to board, situations will vary. There will be differences in the amount of time you devote to the position and the duties you have. Meetings are held at least once a month, along with the associated planning and follow-up. Contacting a current or former board member is one way…
The Best Way To Boost Attendance At The Annual HOA Meeting
Getting homeowners to attend the HOA annual meeting is one of the most challenging tasks. A large majority of homeowners simply don’t seem bothered about association issues, which has a negative impact on attendance. However, you can take steps to increase your participation at HOA annual meetings, believe it or not. Why it’s important to…
Employing HOA Vendors? Here Are Some Legal Matters to Take into Account
The numerous daily chores necessary to run and maintain your community are overseen by your board of directors, but they are not the only ones who must be involved. Painters, plumbers, electricians, landscapers, repairmen for equipment maintenance or emergencies, exterminators, and other vendors will be expected to be hired by your property management company. Additionally,…
NYC Rent Stabilization Rules Surpass Landlord Challenges
A federal appeals court decided on Monday that the tenant-friendly adjustments made to New York City’s rent stability laws in 2019 were constitutional, rejecting two complaints from landlords. The New York City Rent Stabilization Law amendments were upheld by the US Court of Appeals for the Second Circuit on the grounds that they adhered to…
Landlords Can Take Advantage of 15 Tax Breaks This Tax Season
If you don’t know the rules, it’s difficult to win any game. It’s no different as a landlord. It can frequently feel like a game of chess where the pieces are always shifting as you balance meeting the requirements of your tenants, making timely insurance and mortgage payments, and settling up at tax time. Success…
Alteration Agreements For Co-Ops
Nobody enjoys it when a neighbor’s continuous remodeling project lasts for months on end, especially when the renovations may cause damage to your own home. The alteration agreement, fortunately, is a mechanism that most buildings have in place to address issues for Co-Ops. Beginning the ProcessWhen shareholders consider a large-scale renovation, they should be prepared…
How to Make Your Rental Property Smell Smoke-Free
As a landlord, you want to keep your home in peak condition. This way, it will draw in the best tenants possible. Future tenants will want to sign the lease right away due to your new appliances, lovely landscaping, and light windows. But what’s that odor all about? It can truly turn away prospective excellent…
What to Charge for Rent in an Environment of High Inflation
When determining a reasonable market rental rate during a period of significant inflation, it’s critical to stick to the fundamentals. Look for comparable property prices in the area to establish a benchmark before deciding on the rent. Then, to vary from the base rent, take into account additional elements such as location, amenities provided, unit…
How to Switch HOA Management Companies
Do you encounter issues with your HOA management company? You might be unsure of what to do if the board has determined that your current management is ineffective. How to Change Your HOA Management Company: A GuideHaving an HOA management company on your team has a lot of advantages. What does an HOA’s management company do?…
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