Being a landlord in New York City comes with its unique set of challenges and rewards. With its diverse population and competitive rental market, NYC demands landlords who are not only business-savvy but also empathetic and proactive. From our experience as local Queens realtors, we’ve observed that the landlords who face the least issues are […]
Hi all, hope you’re all doing well! Below is this month’s edition of our Queens Homeowner Newsletter. In this month’s edition we cover recent changes to the Property Condition Disclosure Act, some information about squatters rights in New York, and some information on the recent NAR settlement regarding real estate agent commissions. A lot of […]
Owning property in Queens can be a lucrative investment, but it also comes with risks, especially for absentee homeowners. One of the most concerning risks is the possibility of squatters illegally occupying your property and potentially gaining legal rights to it. Squatter situations can be costly, time-consuming, and emotionally draining to resolve. However, with proactive […]
For homeowners in Queens, New York, understanding the value of your property is essential for various reasons. Whether you’re considering selling, refinancing, or merely curious about your home’s worth, getting an appraisal or home valuation is a crucial step. The good news is that there are ways to obtain a home appraisal or valuation in […]
Hi all, as always we’re publishing our latest roundup of articles, content, and information which we believe are specifically relevant to NYC Homeowners. This month includes a forensic study of NYC by the Chairman of Market and Investment Strategy for JP Morgan, a nice primer on Reverse Mortgages from the team at KPP Financial, a […]
A wet basement can be a Queens homeowner’s nightmare, leading to potential damage, mold growth, and compromised structural integrity. Addressing this issue promptly is crucial to prevent further problems and maintain a safe and dry living space. In this blog post, we will explore effective tips for local homeowners to dry up a wet basement […]
Information provided by: www.hcr.ny.gov A number of communities in New York State have rent regulation programs known as rent control and rent stabilization. Two aspects of rent regulation are to protect tenants in privately-owned buildings from illegal rent increases and to allow owners to maintain their buildings while realizing a reasonable profit. Rent control is the […]
Source: Housing Stability & Tenant Protection Act (HSTPA) of 2019 A preferential rent is a rent which an owner agrees to charge that is lower than the legal regulated rent that the owner could lawfully collect. Pursuant to the Housing Stability & Tenant Protection Act (HSTPA) of 2019, tenants that were paying a preferential rent as […]
Source: www.hcr.ny.gov This fact sheet will be updated annually to reflect the new lease guideline rates. It can be reviewed along with a rent registration history of an apartment to assist in determining if the apartment’s registration status and the rent being charged are lawful. The apartment rent registration history and a rent overcharge complaint form can be […]
As a homeowner in Queens NY, one of the most crucial responsibilities is safeguarding your property from potential damages caused by harsh winter weather. Burst water pipes can lead to costly repairs, property damage, and inconvenience. In this blog post, we will explore some essential tips to help you prevent water pipes from bursting, ensuring […]
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