Helpful Tips
Governing Condo/Co-Op Elections
In many ways, co-ops, condos, and HOAs can all represent the most basic form of representative democracy. How? Read on to see what transpires in the event of a shareholder meeting. Governing Docs Where does the authority of the board come from, and how must board members be chosen? That’s usually determined by a community’s…
Read MoreBefore Signing a Lease, Tenants in New York City Should Ask These Questions:
New year, new home?
A lot of New Yorkers begin to consider change in January, which may mean finding a new apartment.
It pays to learn as much as you can about a building before you commit to a lease because moving is difficult and costly here.
Of course, it’s a good idea to ask questions during an open house or showing, but it’s simple to become sidetracked by the scenery or a cool feature—and lose focus.
Read MoreWater Rate Jumps to 4.42%.
Residents of co-ops and condos in New York City continue to take hits. Gas and electricity costs have recently increased by 8.4% and 9.1%, while their property taxes have recently increased by an average of 8%.
Read MoreNew Bills are Adopted by City Council Increasing Lead Paint Regulations
In order to remove legal loopholes surrounding lead paint enforcement and get the city closer to its objective of ending childhood lead poisoning, the New York City Council has enacted two pieces of legislation. However, supporters are hoping that lawmakers will adopt further reforms in the upcoming week. Peeling or chipped lead-based paint will be…
Read MoreWhich HOA Rules Can Be Implemented and Which Can Not?
HOA concerns are rather common. They are too expensive. It is not allowed for residents to pick their own paint colors. They impose limitations on the breeds of dogs you are allowed to own, the types of basketball goals you are allowed to mount on your home, and even the types of grass you are allowed to grow in your yard.
Read MoreNow Available: No-Penalty Building Inspections for Smaller Co-ops and Condos
Smaller co-ops and condos that are exempt from the Facade Inspection and Safety Program’s (formerly known as Local Law 11) five-year compliance cycles must nonetheless be kept in a safe state. The city’s Department of Buildings (DOB) is once again providing its free No-Penalty Inspection Program to assist the co-op and condo boards in those buildings.
Read MoreReliable Resources: How a Property Management Company’s Network Benefits Your Investment
Investing in real estate can be a lucrative venture, but managing a property comes with its fair share of challenges. From routine maintenance to emergency repairs, it requires a reliable network of resources to ensure your investment is well-maintained and profitable. This is where a reputable property management company can make all the difference in Fort…
Read MoreCurbside Organic Recycling is Now Mandatory
The list of materials that New Yorkers must recycle, which already includes glass, plastic, paper, and cardboard, is now expanding to include food scraps and yard debris.
Read MoreHow a Property Management Company Can Handle Tenant Screening and Selection
Searching for reliable tenants can be a daunting task for property owners in Brooklyn’s vibrant neighborhoods like Clinton Hill and Crown Heights. However, the burden of tenant screening and selection can be lightened with the assistance of a professional property management company. Landlord Management, your trusted partner in real estate in Clinton Hill, Crown Heights,…
Read More5 Warning Signs Your Rental Applicant May Stop Paying Rent
You cannot predict the future. However, as an independent landlord trying to discover excellent tenants, you must perform your own tenant screening. Every potential tenant you speak with has a unique situation and narrative to share. It’s up to you to collect the proper documentation, ask the necessary questions, and research someone’s background to clear…
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