Monday, June 29, 2015

The Ins and Outs of Property Management: Building Management In NYC


Buying a property in NYC and renting it out, seem like a great business especially nowadays when so many people flood the New York streets in hopes of building a career. Being a landlord, however, is not as easy as some may think. There are so many rules and regulations that must be met in order to ensure the safety of both tenant and landlord—so much so that it can be intimidating and confusing for individuals or businesses who first assumed that managing a property was easy. The following are some of the many federal laws that New York implements when it comes to property management: Anti-Discrimination Laws – Landlords are not allowed to refuse prospective tenants based on race, religion, nationality, sex, medical condition, or family status. When advertising their properties, they are also not allowed to set limits on who can and cannot rent, if it discriminates the individual based on the mentioned categories.
http://www.blueharbourpropertymanagement.com/the-ins-and-outs-of-property-management-building-management-in-nyc/

Saturday, June 27, 2015

Hiring an NYC Property Management Company: Does It Have Real Merits?


So you’ve invested in a rental property, and you’re ready to make a profit. Owning such, however, presents you with a burden of responsibility trying to keep it up and running. This can quickly become overwhelming given specific circumstances, making the hiring of a local NYC property management company a valuable option. Is there true merit to seeking professional assistance, though? Here are a few things you must consider. Location of Your Property Compared to Your Primary Residence The distance between your primary place of residence and your rental property has a direct effect on management difficulty—the farther you live from your property, the trickier it is to keep tabs on it. For instance, if you primarily live in Buffalo, New York and your property is in NYC, you wouldn’t want to drive to and from your home (4 hours each way at 65mph) every single day just to check on your property.
http://www.blueharbourpropertymanagement.com/hiring-an-nyc-property-management-company-does-it-have-real-merits/

Tuesday, June 16, 2015

Apartment Management Companies to Manage your Units



Investing in real estate could turn out quite profitable, especially in a major city like New York. If you are a landlord of several apartment units, you might have considered checking out apartment management companies to help you with the nitty-gritty of maintaining and managing your properties. Here are some pointers to help you make the right choice.
  1. Number of Properties
If you’re currently juggling three or more units, you might find it useful to hire an apartment management condo. This is most useful if you’re not around most of the time to handle finding the right tenants and maintaining your units.  

  1. Employee Responsibility
You can always hire an employee or a resident manager to take over your landlord tasks. However, if you don’t want to handle payroll and other legal requirements, having a property management company handle these details for you seems a reasonable option.