Property Management Blog

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...

How Section 8 Decides if Your Rent Is Reasonable: A Guide for NY City Landlords

According to the city of New York, almost 45,000 households in the city alone are currently receiving assistance from the Section 8 program. The data confirms this as around 10,000 landlords, meaning you will not be alone if you start to accept rent from this program.However, do ...

Your Guide to Commercial Property Due Diligence in New York City

The vacancy rate for Manhattan commercial property is over 20%, according to Spectrum News. The complexities of the NYC real estate market make thorough commercial property evaluation a critical step.Are you wondering how you can ensure a profitable investment? Read on to learn w...

Top Commercial Property Marketing Strategies for NYC Success

Unleased office space is a major concern in New York City. Still, that doesn't mean you can't enjoy peak success in the area.Property owners and managers must rely on effective marketing strategies to draw in the perfect tenants and buyers. With thousands of commercial pr...

Rent Collection Strategies for Property Managers

Being a property owner in NYC can net you a serious profit -- the average rent price in Manhattan is over $5,000 -- but that doesn't mean it's not complicated. Maximizing rental income requires deftness when it comes to real estate management.In today's post, we'l...

Rental Management or Tenant Placement - Which Is Better?

If you're curious about how much you can earn by renting your New York City property, then know the average salary landlords here make is $89,564 a year, according to ZipRecruiter.com. The top earners even make nearly twice as much: a whopping $165,199!But to maximize your re...