Helpful Tips
5 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…
Read MoreFor The First Time, Gas Stoves Are Prohibited With New Construction in New York.
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 recently adopted $229 billion state budget by Governor Kathy Hochul and lawmakers.
Read MoreHow Frequently Should The Board Conduct a Reserve Study For Your Building?
You can learn more about the modifications required to keep your apartment complex running by ordering a reserve study. A reserve study should happen every three to five years.
Read MoreThe Challenges of Maintaining Condo Buildings
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 repairs to noise complaints and disputes with their condo board or association. Let’s discuss some of the common challenges that come with maintaining a condo building and how…
Read MoreChatGPT Implementation In The Property Management Sector
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 fields. This includes the property management sector, which historically relies heavily on labor and paperwork. Many property management companies are looking to automate their customer service, reduce response…
Read MoreThe Most Costly HOA Fees
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 tennis courts and snow removal are provided. But, running and maintaining an HOA costs millions of dollars. To cover both routine charges and unforeseen needs, finances must be…
Read MoreWhat is a Co-Op or Condo Assessment?
Co-op and condo buildings frequently have capital expenses, such as elevator, roof, or façade maintenance.
Boards frequently employ assessments to fund these renovations. These are brief hikes in your maintenance or common fees that are imposed to pay for a particular development or top off a cooperative’s reserve fund.
Read MoreWhy Hiring a Property Management Company in Queens is Worth the Investment
As a landlord in Queens, you likely have a lot on your plate. Between managing tenant relationships, collecting rent, and handling maintenance requests, it can be difficult to keep up with everything that needs to be done. If you’re feeling overwhelmed by the demands of property management, it may be time to consider hiring professional…
Read More5 Things Every Landlord Needs to Know About Property Management
If you own rental properties in East Flatbush, you know that property management can be a complex and demanding task. In order to successfully manage your properties and maximize your rental income, there are a few key things that every landlord needs to know. In this blog post, we’ll outline the top five things that…
Read MoreNew Trash Regulations Will Be Implemented in New York City
As the city attempts to handle its escalating rat problem, residents of New York will have to put out their trash much later in the day beginning of April 1. As the city works to combat its expanding rat problem, New Yorkers will soon have to leave out their trash much later in the day.…
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