According to statistics, Asian buyers alone have invested about $175 million on multi-family assets in New York, which is probably caused by governments encouraging citizens to invest in foreign territories. China, the country who tops the list of foreign investors in NYC, has loosened insurance regulations with regard to overseas investment. Most of the time, it is the strict U.S. taxation laws that prove to be a bother for foreign investors, making it a necessity for them to work with professionals who practice property management in NYC. Despite the many laws regarding income generated from U.S. properties, the New York real estate industry shows no signs of slowing down. Turning a profit from foreign properties by renting it out can be difficult, but property management companies can help bridge the gap between tenants and investors.
http://www.blueharbourpropertymanagement.com/nyc-property-management-companies-needed-real-estate-industry-grows/
