Posts Tagged ‘property owners’
The 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 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 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…
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 MorePolicy For NYC Co-Op Sublets
When a New Yorker is interested in acquiring a NYC co-op unit, one of the most common concerns is: what is the sublet policy? Even though you may have long-term plans to stay, it’s critical that you understand how the subletting policy will impact you personally as a shareholder. Before you decide to invest in…
Read MoreE-Bikes and Their Danger to Your Building
What Are E-Bikes? Electric bikes employ a motor to help the pedaling, reducing the strain of cycling. Some designs enable the bike to advance on the motor’s power The market for e-bikes is currently experiencing a quite large surge. They are fantastic modes of transportation for reducing global warming, and they are also highly safe…
Read MoreWinter is Coming
The city has been working with The Department of Sanitation (DSNY) to develop and improve their snow map for the approaching winter. You should be familiar with who leads our city’s snow response, DSNY.
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…
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