Property Management Blog

Demystifying Commercial Lease Agreements: What You Need to Know

Are you a business owner or investor stepping into the world of leasing? It can feel overwhelming when faced with the complexities of commercial lease agreements.However, understanding what to look out for can save you time, money, and frustration in the long run, so it's wor...

Tips for Rental Property Accounting Records in New York City

New York City is a hotspot for property investors, with rental vacancy rates at their lowest since 1968. Yet, managing your rental property in New York City can be rewarding and challenging.One critical aspect many property owners struggle with is rental property accounting, espe...

Do Property Managers Pay for Repairs in New York City?

Have you ever wondered who foots the bill when unexpected repairs arise in rental properties? Living in New York City brings a unique set of challenges for both tenants and landlords, especially when it comes to maintenance issues. Understanding the nuances of rental property man...

How to Manage Landlord Stress in New York City

Managing a property in the bustling and competitive environment of New York City can be overwhelmingly stressful. Did you know that landlords in NYC report feeling stressed due to their rental properties? NYC rental market challenges can leave even the most seasoned landlords on ...

How Often Should a Landlord Inspect Rental Property in New York City?

As a landlord, it's essential to ensure that your property remains in excellent condition and complies with local regulations. According to a study by Ashish Kumar, satisfied tenants are happier to pay higher rent. Still, many NYC landlords don't see the importance of reg...

Effective Portfolio Management Strategies for Success in New York City

New York City's real estate market recently saw its best start to the fall since 2021. It's an active market presenting a lot of opportunities for investors in the area.In a competitive market, you need to have the right approach. Effective portfolio management and i...

Top 4 Lease Enforcement Practices in New York City

Due to government steps, residential evictions in New York have declined by over 40% since 2014, causing issues for landlords needing to remove problematic tenants. This example is only one of many unique challenges landlords face in the Big Apple, with overcomplex property manag...

Financial Reporting Made Easy: Effective Budgeting and Reporting for Property Managers

You're managing a portfolio of rental properties, juggling tenant concerns, maintenance requests, and lease renewals. Amid all the chaos, a financial report lands on your desk - pages of numbers, charts, and jargon that make your head spin. You need clear insights fast, but t...

How to Keep Great Tenants in Your Investment Property in New York City, New York

Having trouble keeping tenants past the first year lease? You're not alone. One of the top reasons people give for moving is cheaper housing.With rising rents during a time of economic uncertainty, tenants aren't going to stay just because they're all moved in and com...

Tenant Criminal Background Check: Essential Insights for NYC landlords

As an NYC landlord, you can afford to be careful when selecting your tenants. With apartment vacancy rates in the city at their lowest level since 1968, demand is far higher than supply.However, with greater demand comes greater screening needs. If you are trying to narrow down d...