Property Management Blog

5 Rental Analysis Tips for First-Time Landlords in New York City

As the heartbeat of the real estate world, the Big Apple offers a unique landscape for rental investments. If you're new to this world, you might not be aware of how important rental analysis is.Quite simply, it can make or break you. Skimping in this area can make you lose a...

Security Deposits in New York City: A Guide for Landlords

It's no secret that being a landlord comes with a lot of risks. The people you rent your property to might damage it, stop paying rent, or cause disruptions to other tenants.Security deposits are a great way to mitigate these risks. They encourage tenants to be on their best ...

Facility Management Best Practices: Optimizing Efficiency and Tenant Experience

New York City is reeling under the multi-billion-dollar impact of remote work, as fewer employees return to their desks full time. The transport industry is suffering, restaurants are closing their doors, and office vacancies are increasing every day.So, if you're an NYC land...

Mastering Lease Negotiations: Tips for Achieving Favorable Terms

When you hear "negotiation," you might envision a movie scene where the silver-tongued executive talks his way into the ultimate deal that no one else thought possible. In the real work, lease negotiations are less glamorous. However, almost anyone can do it, if they kn...

Strategies to Become a Real Estate Investor in New York

Did you know that the average yearly pay for a real estate investor in New York is $161,675 as of October 2023?As a real estate investor, you can make some major cash if you know what you are doing. Real estate investing is more than just buying property and becoming a landlord. ...

Understanding the Importance of Tenant Relations, and How to Improve Them

It's mind-boggling to know that over 67% of people who live in New York City are renters.Having a revolving door of tenants isn't the greatest move for your rental property business. Keeping tenants in place for longer periods will end up saving you a fortune.How can you ...

Lease Renewal Strategies: How to Retain Valuable Tenants in New York City

Currently, there's a housing shortage in New York City; the city has a vacancy rate of just 3%. You'd think that since housing is in such high demand, it'd be easy to keep tenants in your property.However, those with more disposable income will move away if they don&#...

Credit Checks and Other Useful Tools for Landlords in New York City to Screen a Tenant

Most landlords conduct a tenant background check before making a decision on an application. Screening helps find applicants who are likely to be good tenants.If you're a DIY or first-time landlord, it's essential to know how to screen a tenant. There are a handful of too...

How to Properly Understand a Tenant's Credit Score Report During Screening in New York City

Rents in New York City keep breaking records. As a landlord, this is a historic opportunity. You can only take advantage of the trend in the rental market if you find good tenants, though.Tenant screening is essential. A tenant credit check is an important part of the screening p...

What You Need to Know About Full-Service Property Management in New York City

Are you overwhelmed with handling your investment properties on your own? Do you have multiple new tenants that need your attention? If so, it's time to hire a property manager.When it comes to owning rentals, full-service property management is essential. Property management...