Posts Tagged ‘nyc’
New 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 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 MoreCo-Ops vs. Condos: What’s The Difference?
Condos and co-ops are comparable, but they also have distinctive qualities that give residents a wide range of possibilities. The real estate market in New York City is unique from all others in the country in many respects. The fact that apartments for sale in NYC are either condominiums or co-ops is one of the…
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 MoreNoise Complaints in a Co-op
Your board may be within its powers to fine or take action against tenants for excessive noise, depending on the house rules in your building—and the proprietary lease if it’s a co-op. Residents frequently complain about loud late-night parties or unnecessarily loud music. Noise in an apartment building—and smells for that matter—can be very subjective…
Read MoreNew York City is Losing The War Against Rats
A mound of greasy rat carcasses sat in front of Eric Adams. He describes his strategy for ridding the city of its vermin issue in the late summer of 2019. The then-Borough President of Brooklyn remarked that “many people have accepted having rats in their community.” He goes on, “What’s truly holding our city…
Read MoreOfficially, NYC is The World’s Most Expensive City.
New York was listed as one of the ten most expensive cities in the world by the Economist Intelligence Unit (EIU) last year using the Worldwide Cost of Living Index. The city has actually topped that list this year for the first time ever, officially becoming the most expensive city to live in the whole globe,…
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