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Updates on the Federal Eviction Moratorium
October 14, 2020
By Abby Volin
Published late Friday night on October 9, the Centers for Disease Control and Prevention (CDC), the Department of Justice (DOJ), the Department of Health and Human Services (HHS), and the Department of Housing and Urban Development (HUD) issued new clarification on the federal eviction moratorium. It contains several updates with important implications.
1. This revised guidance is coming from 4 federal agencies, meaning that we can expect this to be the official, coordinated government response.
2. The eviction moratorium will not prevent landlords from starting eviction proceedings.
This is different from the original moratorium, … read more
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What Causes Insurance Premiums to Increase?
There are many factors that contribute to the rise and fall of insurance premiums.
The marketplace of insurance is very reliant on the supply and demand of the market. Entering 2020, the insurance industry was in what we call a “hard market”. We’ve been in a soft market for several years. A soft market typically means insurance companies are focused on premium growth, as they are making money elsewhere, such as investment income. This allows them to charge lower premiums to grow their market share. In addition, they relax their guidelines. In turn, this means more carriers are willing to provide quotes resulting in lower insurance premiums for insureds.
Over the … read more
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It's In-concede-able! Confronting Rent Concessions
With the classic movie The Princess Bride grabbing headlines this week, it seems appropriate to discuss something in multifamily housing that is truly inconceivable: rent concessions. Recently published data shows that concessions of all types are growing fast in order to attract new residents in the wake of the COVID-19 pandemic, and free rent leads the way in offerings. According to RHJ, “The rate of rental concessions can often be a leading indicator of a coming price drop, because landlords will often [sic] concessions first, before reducing rent.”It’s time to storm the castle using a new tactic: pets. Living in a pet-inclusive community is one of … read more
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Preparing for the COVID Eviction Crisis
It’s not a secret that we’re heading straight into a housing crisis as eviction moratoriums expire. But that doesn’t mean that animal welfare organizations are powerless in the quest to keep people and their pets together.
There are several tools you can put into place now to reduce the number of pets who lose their homes:
- Understand the eviction moratorium laws in your state and jurisdiction. These laws are complicated, but you need to know the answers to questions such as: When does the moratorium in your state end? Which housing providers are subject to the CARES Act and are thus still prohibited from evicting tenants? Are all renters protected or just ones who … read more
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Vendor Spotlight: Eric Eggert, Mackoul Risk Solutions
How long have you been in the business and how did you get started?
6 years. I was eating dinner on a vacation when the owner of the company sat down next to me. This was before I worked here so we were meeting for the first time and we were talking about a bunch of different things; everything from Syracuse Basketball to what I was doing for a living. Not knowing I was on an interview at the time, I did everything they say you shouldn’t do. We were drinking (again it was vacation) and I was complaining about my boss. By the end of the dinner, he offered me a job and I took it. Best decision I ever made and I am very grateful to have the opportunities … read more
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LandlordsNY MemberCON ED BLACKOUT
last Friday power was out for an hour, when it was restored, the surge blew out a circuit board that controls our elevator door, the "Titronic Safety Edge," The replacerment and repair was done the same day to get the elevator going and cost $4500. Will Con Ed remimburse me or am I wasting my time to file a claim?
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Developing a Safer and Healthier Pet-Inclusive Community - A New Guide for Housing Provider
Opening Doors has just released its guidebook "Building Safer Pet-Inclusive Communities,” a manual that provides landlords and property managers with tools to implement a comprehensive pet program that fosters a safer and healthier community for all residents — even those without pets. It addresses ways to curb poor resident waste management practices, resolve nuisance issues and neighbor disputes, respond to questionable ESA verification letters, and other policies to ensure better communication, management, and accountability with all two- and four-legged residents.
Save 20% with code PET20 https://bit.ly/3gAS9Fo … read more
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Care of Kilim Rugs
Kilims are flat woven textiles made of intersecting wefts and warps. They have been woven for purposes such as baby cradles, tent bands, tent covers, floor coverings of tents, and many other functions for thousands of years. The kilim rugs provide more than utilitarian benefits.
They have unique aesthetics and great beauty. In recent times, kilims have gained popularity in European and American interior design. Here are some guidelines on the care of handwoven kilims so they are preserved and can be handed down to future generations.
Many companies for rug cleaning in NYC offer oriental rug care services but few really know how to handle kilim rugs the right way.
Kilim Materials
In the … read more
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Reasons the NYC Covid-19 Anti-Personal Guaranty Law Is Just Not That Great For Commercial Tenants
Our Legal Expert Michelle, with @Itkowitz PLLC , wrote a blog: "Reasons the NYC Covid-19 Anti-Personal Guaranty Law Is Just Not That Great For Commercial Tenants " Click here to read more blogs and helpful educational content from Michelle!
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On May 26, 2020, the Mayor signed into law Bill Nos. 1932A-2020 and 1914-2020 (collectively “New Law”). These laws were apparently intended to limit the personal liability of good guy guarantors for liability incurred by a commercial tenant in New York City between March 7, 2020 and September 30, … read more
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Leonardo cutonePandemic Proofing results in Cleaner, more Energy Efficient Buildings
Learn how we can help you pandemic proof your building. Click on our banner below and check out our blog post where we discuss various technologies and how to get funding from ConEdison.
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How to clean an oriental rug professionally?
Oriental Rug Cleaning and Repair
Many people know little about Persian or Oriental rugs until they inherit one from a parent, grandparent, or another family member. A reliable Oriental rug cleaner should professionally clean Oriental or other handmade rugs.
Dirt that is deeply embedded between the fibers on the rug cannot be removed by routine vacuuming. Having carpets professionally cleaned minimizes the risk of damage by moths. Professional cleaning is imperative if the rug is to be stored for an extended amount of time.
If planning to use the rug, check for damaged areas. Have fringes and selvages repaired and worn pile addressed. It is easier and costs less … read more
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LandlordsNY Member
Governer Cuomo announces that he will allow security deposits to be used for rent.Does this apply to commercial tenants?
Is this just for residential tenants or does this edict include commercial tenants also?
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Why Business Interruption Insurance Doesn’t Cover COVID-19 Losses
With all that’s going on, plenty of business owners have probably heard the term ‘business interruption insurance’ more than ever before. As everyone continues to navigate the COVID-19 pandemic day by day, we have been receiving numerous questions about business interruption coverage and why, unfortunately, it is typically not available for COVID-19 related losses.
Business interruption insurance covers financial losses when a business cannot function because of physical damage to a commercial property due to a covered loss. For example, if you owned a restaurant and had a fire in the kitchen, the restaurant would not be able to run as … read more
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COVID-19: What Property Managers and Board Members Should Know...
While the coronavirus pandemic continues to affect the world as a whole, New York City is proving to be hit particularly hard. As we know, the city is very densely populated, and the majority of its residents live in community associations. Building owners, board members, and property managers have new responsibilities when it comes to their property and their tenants.
- What to do if you know that you have a tenant who has been diagnosed with COVID-19:
If you know that there is a positive case of coronavirus in your building, it’s best to notify your residents and instruct them to take extra precaution. Do not disclose the sick tenants name, … read more
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LandlordsNY Member
