One of the challenges New York landlords and property managers face is assessing and determining reasonable charges for tenant damages. When tenants move out, it is not uncommon for there to be some level of wear and tear or damage to the property. Determining the...
It's no secret that New York has some of the most expensive apartments, condos and properties in the United States. So, many money-savvy adults want to split costly monthly rent expenses by taking on a roommate or two. Unfortunately, while roommates can split renters'...
Businesses often lease property or equipment as they expand. This arrangement allows them to grow without cutting deeply into their profits. The company's goals will determine whether a finance or operating lease is the best option. Obtaining assets through an...
Not everyone has the skills to succeed as a landlord. It takes tactfulness, responsiveness and focus. Once you find a good tenant, you don't want to lose them. So, treat them right, and they'll stay. Here are some tips to help you succeed as a property manager in New...
New York is a state that's full of amazing rental properties. With that said, the relationship between a tenant and landlord isn't always guaranteed to go well. If a tenant and landlord can't see eye-to-eye, the latter might try to evict the former. Here's more...
Becoming the owner of a rental property in New York can be the culmination of a life-long dream. You should be aware that taking this step will also bring with it a great many new responsibilities, however. It will be up to you to make sure that everything you do as a...
Owning a rental property may be an ideal way for an individual to diversify his or her portfolio. In some cases, landlords will choose to live in their New York homes alongside their tenants. However, some choose to rent an entire property to tenants while living...
The relationship between a renter and a landlord is a difficult one for both parties to live within. A raft of new laws in New York have defined the relationship and interests of both parties. Despite owning a property, your landlord must abide by some basic rules....
If you own a rental unit in New York, it’s important for you to understand what mandatory disclosures are. In this context they are disclosures about the condition of an apartment that tenants sign off on before they move in. Lead disclosure All landlords in the U.S....
Because renting in New York can be so competitive, some tenants feel like their landlord is “the boss.” However, it’s important to remember that you have rights as a tenant, and your landlord cannot just do whatever they want. Here are three important facts about...