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Some Potential Good News for Investors in New York’s New Rent Laws
On June 14, 2019, Governor Cuomo signed into law the Housing Stability and Tenant Protection Act of 2019 (S.B. 6458) (“HSTPA”), which reinforces and fundamentally changes the landlord tenant law surrounding rental properties – especially rent stabilized apartments – throughout New York State, making it very difficult to either remove apartments from regulation or to significantly increase income from individual units. Many property owners are concerned that HSTPA will lower the value of properties and discourage investment and development of rent regulated residential buildings. Such decline in property values, however, may also provide … read more
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Still Time to Qualify for 30% Federal Solar Tax Credit!
We have been stating for some time that the time is now to claim your energy independence. The biggest reason - one of the largest subsidies in “Going Solar” is the Federal Tax Credit which has been calculated at 30% and is set to be reduced to 26% on Jan 1 2020. There is still time to qualify for the 30% credit. Find out how by contacting our friends and LNY’s Solar Expert - Best Energy Power. Shoot Kevin (kevin@bestenergypower.com) an email and ask how you can take advantage of the 30% savings before the end of the year.
There has been a lot of talk about this credit being extended but thus far all that is - is talk. With all the political issues … read more
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What Landlords Need To Know About AlphaTouch®
Is your building dumb? “Smart” Buildings and technology seem to be all over the news and real estate industry event circuit, but what does it really mean for you and your building? We spoke with Alpha Communications about their smart video intercom platform “AlphaTouch” to get the skinny on what it is, and why it’s important for your building and tenants.AlphaTouch is a cloud-based smart video intercom platform that can be managed from virtually any web browser in the world. Here are some of the key features and tenant conveniences - which translate not only to building safety & security, but also helping to identify short-term rental usage by knowing who … read more
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Due Diligence on Screening Potential Tenants
We all know the importance of screening tenants before renting out your units and why we should always do so. Screening tenants will help you make sure the people you are entrusting your properties with are credible, reliable, and trustworthy. But what are some other ways you can ensure that this potential candidate is who they claim to be even after a screening report?
Social Media as a Verifying source
Although some candidates may have private socials, often times they do not. Looking into an applicant’s social media accounts can be an amazingly insightful addition to rental applicant screening. LinkedIn is a great resource for validating employment history … read more
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Do You Need an Architect?
Architects are licensed professionals. Like doctors and lawyers, they have completed university programs and lengthy internships, and they have gone through a series of rigorous exams. Their training covers many areas, ranging from landscape design to structural engineering.
This diversity means that architects can see possibilities and find solutions to your individual needs. While a builder or a home designer may make some adaptations at your request, a good architect will anticipate your needs.
What Architects Do
For some projects, architects wear many hats. They may create the design, do the drafting, select the materials, and supervise the entire work process. Ideally, your … read more
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Remodeling's Top Firms - 2019
Hello Landlords!
We are thrilled to be featured on this year's Top Firms for Remodeling Magazine.
We ranked among the Top 150 Replacement & Specialty Contractors (No. 76)!
As a reminder, we offer 24/7/365 Emergency Responses Services if your properties ever encounter:
Fire Damage - Water Damage - Mold Infestations - Hazardous Waste - Natural Disasters
(or any other catastrophic event)
Full Article via Remodeling Magazine
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What Landlords Need to Know About 5G
What Landlords Need to Know About 5GThe future of telecommunications is at the world's doorstep and soon to be a telecom representative at yours. With many speculations arising on the pros and cons of this technology, we felt that it is imperative to inform our members about what to consider when thinking about housing this new telecom technology in your buildings.
What is 5G?
5G stands for “fifth generation cellular wireless” and is the next generation of mobile internet connectivity, offering faster speeds and more reliable connections on smartphones and other devices than ever before. Combining cutting-edge network technology and the very latest research, 5G … read more
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Why Your Homeowners Insurance Policy Isn't Enough
Landlords VS Homeowner
I have one building with 6 units in it, what is the difference between having a Homeowners insurance plan vs landlord plan and why should I consider Landlord plan?
A homeowners insurance policy also referred to as an HO3 is designed for an owner occupied home, this is your traditional 1-2 family home where the owner of the property is also a resident. The policy is designed to protect the homeowner who is also the named insured, you have the ability to add different types of endorsements that will not only protect the home but it is designed to protect personal property as well as valuable articles such as fine art and jewelry.
A … read more
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Weather in the News: July and August 2019
Weather Blog
from Shade Tree Meteorology
By Alicia Wasula on Aug 09, 2019 01:42 amAs we change the calendar to a new month, it seems like a good time to review how meteorology has made news headlines this summer. While the weather often makes the news as a front-page headline when there is a high-impact event, the work that meteorologists and other scientists do on a day-to-day basis can help to keep the public safe, project changes in climate that can lead to positive changes in public policy, and engage with schoolchildren and teachers to encourage learning in the field of meteorology. This week, we highlight just a sampling of the many ways that weather, … read more
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Why system upgrades are vital for future revenue streams
Property management is the operation, control, and oversight of real estate as used in its most broad terms. Understanding the aspects and importance of utilizing property management will only assist in property organizations such as it would in the workforce. Be it a prop tech company that’s tailored to simplify daily tasks for smaller owners or a firm that specializes in optimizing a building’s operational performance, the future of property management is in the adaptation of more engaging technologies to support and enhance traditional building operations and services. By doing so, property management tech will not only enhance the overall … read more -
Collaborative Citizen Science
By Kelly Neugent on Aug 01, 2019 01:45 am
Did you know that there are millions of everyday citizens across the world that are helping advance science in a wide variety of disciplines? These citizen scientists (a term that refers to everyday citizens who are intrigued by and passionate about science, but don’t necessarily have a formal scientific background) collaborate with scientists to expand Continue reading "Collaborative Citizen Science"
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Vendor Spotlight: Brian Rischmann, UGI Energy Services
In this installment of our Vendor Spotlight feature, we are excited to introduce our great friend and Energy Expert, Brian Rischmann! Brian is the NY Regional Sales Manager for @UGI Energy Services LLC. Meet Brian!
How long have you been in the business and how did you get started?
I started working with UGI Energy 8 years ago in the talent acquisition sector. I was then offered a position and hired 3 years ago to develop the NYC market in Natural Gas Supply.
Tell us about yourself.
At age 8, I enrolled in a martial arts academy. The following 15+ years I spent training with elite athletes in the martial arts industry from around the world. While in … read more
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How To Deal With New Rent Laws in N.Y.
By Ed Barone
The newly passed NY Housing Stability and Tenant Protection Act of 2019 is still being combed over and every day we are alerted to the problems that landlords will encounter. From protections for rent-stabilized tenants to caps on late fees, landlords are looking for any relief and cost savings while at the same time looking to automate some of the new requirements of the law.
That’s where New York based RentRedi is helping DIY landlords, at least with some of the new changes. First, according to the new statute, tenants must receive a written receipt when they pay rent each month. RentRedi’s platform automatically sends a receipt to the tenant’s phone … read more
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Go Solar and Lower Operating Expenses (it's a guaranteed ROI)
The newly passed rental laws, dubbed the “Tenant Protection Laws of 2019,” have changed the way landlords do business. Landlords are faced with decreased opportunities to increase rent and generate additional income, therefore saving money is, arguably, more important than ever to an owner’s bottom line. Landlords are looking for every avenue to cut operating costs since there are currently little options for rental increases.
There is one investment you can make into your property that promises a guaranteed ROI – Go Solar and lower your operating expenses. LandlordsNY Solar Expert, Best Energy Power has the largest commercial market share in … read more
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Gulf of Mexico Tropical Disturbance/DC Floods/Flood Safety
Weather Blog
from Shade Tree Meteorology
By Alicia Wasula on Jul 10, 2019 02:00 am
You may have heard on the news this week that there is a potential tropical system which is forecast to form in the Gulf of Mexico over the next day or two. Satellite imagery shows a broad area of convection over the Florida panhandle and southern Alabama. This convection will be drifting slowly westward over … Continue reading "Gulf of Mexico Tropical Disturbance/DC Floods/Flood Safety"
