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...
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Is someone allowed to share renters insurance with New York roommates?
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'...
Manhattan and Brooklyn home closings rise in February
The residential real estate market in New York City is showing signs of recovery. Home contract signings in Manhattan and Brooklyn rose sharply in February, but they remain far below 2022 levels. Residential sales in the city plummeted in 2022 due to soaring...
Saving business relationships through the process of mediation
New York is a state that's full of thriving businesses. Some of these companies depend on more than one person to lead them. Unfortunately, it's rare for partners to agree on every matter. If you and your business partner can't come to an agreement, mediation is one...
What is a quiet title action in New York?
New York has some of the most expensive properties in the United States. So, it’s no surprise when real estate ownership disputes turn nasty. A quiet title action is often the best solution for solving property disputes that involve several parties. Quiet title...
Understanding equal housing opportunity in New York
Everyone deserves an equal opportunity to live in New York, whether buying or renting. Equal housing opportunity laws, also called EHO laws, apply to people like landlords, mortgage lenders and real estate companies. Why are equal housing opportunity laws so...
Choosing between a finance or an operating lease
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...
Making a smooth transition between property managers
Many people living in New York reside in cooperatives and condominiums. These residents depend on competent property managers to maintain their standard of living. When it is time to make a change in this important position, those in charge must take steps to ensure a...
Landlord’s rights and obligations
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...
What should buyers expect when closing on a home?
The process of buying a new home in New York may involve several challenges in order to find the one that best suits your needs. Once buyers reach the closing step of home buying, they often experience confusion about their rights and responsibilities. If you are...