Posts Tagged ‘landlords’
Taking Action in Your NYC Neighbourhood to Prevent Rats
Do you reside in a New York City area where rats are an issue? Don’t know where to start in fixing the problem?
Read on to learn about the safety precautions you should take.
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 MoreNYC 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 MoreLandlords 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…
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 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 MoreWhy Communication Consistency Is Vital To Your HOA
Implementing and upholding HOA rules that support resident safety and lifestyle amenities is a key component of administering a homeowner’s association (HOA).It might be difficult to create strong HOA rules that satisfy community needs and are reasonable to uphold. Boards must develop a solid foundation with open communication at their core to ensure success; this…
Read MoreHow to Know When It’s Time to Switch Management Companies
It’s common for landlords to break up ties with their property management. Here are five explanations of why this occurs: Communication Breakdown: The property manager does not reply to calls, texts, or email messages from the landlord. The landlord could become upset by this as they feel ignored by the manager. One business day is…
Read MoreThe Appropriate Co-op Board Response to a Hoarder
When a co-op board learns that a hoarder is residing in the building, what should it do—and not do? Take these actions: Send a Notice: The first step in resolving the problem is to contact the shareholder and send a notice. This can point out that there have been complaints of odors and infestations. As…
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