Renters
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…
Read MoreHow 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…
Read MoreWhat 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…
Read MoreSix Budget-Friendly Rental Property Renovations
Rental renovations are a terrific method to draw in new tenants and raise the value of your home, which will allow you to charge higher rental rates and boost your income. There are various rental improvements you as a landlord may do, all for less than $1,000. Some low-cost remodeling suggestions include outside improvements like…
Read MoreAre You Setting Too Strict a Standard for Tenant Screening?
You must have objectives in mind as a landlord when looking for the ideal tenants for your rental property. How can you determine if your tenant screening standards are too stringent, though? Overly tight tenant criteria can make it difficult for you to fill openings or perhaps cause you to ignore qualified candidates. Your screening…
Read MoreThe Common Methods of Rent Collection
For many landlords, collecting rent can be a hassle and a cause of worry. Payment issues seem to be landlords’ top concern. You should set up a reliable rent collection system before renting out any property. How can you ensure that you are paid on time then? There are numerous methods for collecting your monthly…
Read MoreHow to Check If Your Apartment is Rent-Stabilized
Do you want to know if your apartment is or was rent stabilized? The state’s Housing and Community Renewal agency will have the rent history information. This is how: You will receive a printed copy of your rental history in the mail. View here! According to tenant advocates, the techniques listed above are the simplest…
Read MoreNY Rent Assistance Program Could Be Gone Jan. 15
According to an agreement made between the state and lawyers who fought to keep the program running, New York’s rental assistance program might close to new applicants as early as next month. The agreement lifts a temporary injunction that allowed renters to avoid eviction proceedings while they awaited rulings on their cases and maintained the…
Read MoreWhat is a Landlord or Tenant Responsible for Repairing Inside a Rental Property?
The following is a list of maintenance issues that you, as a landlord, are generally in charge of. They should prepare to address if they arise in your rental. 1. The property has to abide by local building and health codes Ideally, this was taken care of before anyone moved in. If a renter complains…
Read MoreNYC Tenant Screening Guide For Landlords
Selecting the ideal tenant is a crucial choice for any landlord. Finding a suitable property and obtaining good mortgage rates are both important for your success, but if you rent your apartment to a tenant who will eventually be evicted, all of your hard work will be for nothing. In the end, you want a…
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