The newly passed Rent Laws, dubbed the “Tenant Protection Laws of 2019,” have changed the way landlords do business. One area you may have read bans the use of the “tenant blacklist.” While there is no actual “list”, the “blacklist” is a name commonly used in reference to tenants who have evictions or previous housing court history on their record. The most notable changes to the law as it relates to screening potential applicants are:
Purchased a building with violations on the books. Hired an expediter to help me clear them.
He wants me to install a CO alarm in every room of the apartment except the kitchen and bathroom.
I read the rule and it says "any room containing Carbon Monoxide-producing equipment. Except kitchens and bathrooms.
Do I have to install 4 CO detectors and fire alarms in a 5 room apartment?
Seems a bit excessive.
The apartment is second floor so its not directly above the basement which I could understand the requirement to install in the corridor one story above or below the CO producing equipment.
Preparing to rent out your property to a new tenant? Before handing over the keys, we strongly recommend providing them with a move-in move-out checklist. This important document will be used prior to the tenant moving in and upon the tenant moving out in order to assess any and all damages – including both pre-existing damage and new damage. The cost of repairing pre-existing damage, or damage that existed prior to the tenant moving in, will not be the responsibility of the new tenant. However, damage that occurred while the tenant lived at the property may need to be covered by the tenant. In this case, the landlord typically deducts the cost of repairs … read more
Millennials are the number one consumer in rental properties. It's important to understand this population’s interests in order to know what amenities to offer and how to make your building more attractive to millennial renters.
We often hear that millennials are inherently social. On-the-job, they reportedly prefer co-working spaces that come with myriad networking events to traditional cubicle offices. They are tech savvy and intricately versed in social media; they’ve used it their entire lives. But it’s not just about shared workspaces, developers of new buildings often create communal spaces to appeal to these trends, and we are seeing a rise in … read more
In our LandlordsNY Spotlight series, part of the #IamLandlordsNY campaign, we shine a "spotlight" on some of our featured members and vendors to get a glimpse into their professional and personal backgrounds through an interview-style Q&A.
In this installment of our Vendor Spotlight series we get to know LandlordsNY Legal Expert and Co-Managing Partner at @Holm & O'Hara LLP, Michael L. Landsman, Esq.
How long have you been in the business and how did you get started?
I have been in the business for over 20 years and I got started working for a large law firm under the supervision of Mayor Koch. I have always enjoyed working … read more
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
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 (firstname.lastname@example.org) 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
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
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?
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
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.
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
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)
The 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.
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
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
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
This service gives members instant access to LNY in house DHCR, HPD, and Property Management Counselors for immediate help when you need it.
Just like a concierge at a hotel who knows how to guide guests and to remove some of the uncertainty of trying something new, our staff counselors goal is to provide information and guidance to landlords and to take much of the uncertainty out of owning and operating a property in New York.