Housing Crisis
Water 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 MoreHow Property Management Companies Shield Landlords from Costly Mistakes and Headaches
Being a landlord in Flatbush can be a rewarding investment opportunity, but it comes with a host of responsibilities and potential challenges. Managing properties, dealing with tenants, and navigating the intricacies of rental regulations can quickly become overwhelming and lead to costly mistakes. This is where a trusted property management company steps in, serving as…
Read MoreWhat Can You Do If Your Tenant Is Unable to Pay Rent?
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 rates.
Read MoreRent-stabilized Apartments That Are Vacant Will Be Repaired By The City
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 to a statement made on Wednesday by Mayor Eric Adams, the “Unlocking Doors” project would offer up to $25,000 per unit to owners of empty, rent-stabilized units that…
Read MoreHow To Make Renting In New York a Breeze
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 a competitive market.
But if you apply the appropriate strategy, you can control the situation and buy your ideal New York City home.
Read on to learn how to negotiate the NYC rental market and simplify the process of putting up your house rental application. By doing so, you’ll be able to get your dream property.
Read MoreThe NYC Lithium-ion Battery Safety Package Has Been Signed into Law.
E-bikes, other powered mobility devices like e-scooters, and batteries that don’t meet established certification standards like UL are among the items that will be illegal to sell once the legislation is signed into law in 180 days.
Read MoreNew York’s Housing Crisis
Years have passed since public housing in New York City received adequate funding from the government to address the deteriorating structures, erratic heating systems, broken elevators, vermin, and other issues that have made it a symbol of neglect.
The nation’s oldest and largest public housing system is currently experiencing a problem that could get worse due to residents’ declining rent payments.
Read MoreThe Two Sides of The Fair Chance For Housing Act
The New York City Council is in the process of voting to end criminal background checks for potential tenants. Those who are in favor of the law claim that it provides poor New Yorkers with a second opportunity. Opponents propose there is a significant safety concern. What is the Fair Chance for Housing Act? The…
Read MoreAffordability in New York City
New York City has gotten more expensive. No one can deny that. With rising inflation, the cost of living has increased. Food is more expensive. Gas prices are outrageous. Rent in the city continues to rise. Many people are starting to leave New York due to the reasons lists above. For those who have stayed,…
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