Your management company is a key asset in running your business and ensuring that it is profitable. If you own a commercial property on Long Island, follow these three business practices to help save money and put dollars back on your bottom line: Read More
The American Dream – The Rules Have Changed
At one time, living the American Dream consisted of buying a dream house that you lived in throughout your golden years. The Baby Boom generation has rewritten the rules. Some baby boomers are giving up their palatial suburban houses to live a more maintenance-free lifestyle in a nice apartment, condo or penthouse that they rent. According to research, 60 percent of renter household growth is from the 55+ generation. The apartment industry is embracing the older generation and they’re not letting go. Here’s why: Read More
A recent survey* of 1300 millennials (also known As Gen Y; born est. 1982) states that 60% of participants would rather rent a home than buy one in the next 5 years. Is this a signal of an anti-buying trend for the younger generation? According to an article on marketwatch(dot)com, many millennials surveyed say they just can’t afford to buy. Read More
There is nothing more frustrating than accidentally stepping into a waste left behind by animals … and then being the one that’s forced to clean it up. Especially during the cold winter months, some pet owners become a little lackadaisical when it comes to cleaning up after their pets. This type of situation is very common in many apartment buildings and condominiums. As a result, some companies have reacted. Read More
The cold, rigid weather over the past few days makes the recent mild winter weather prediction seem like a fluke to many New Yorkers. According to weather experts, we are still on course for a mild winter (so far). Recently, Mayor Bill de Blasio has issued the following winter Do’s and Don’ts: Read More
Innovation and technology are no longer an afterthought when managing a property — it’s a necessity. Steve Jobs once said, “Innovation distinguishes between a leader and a follower.” His statement will forever ring true, especially when it comes to managing a residential or commercial property in New York City. Read More
It has been predicted New York will experience a mild winter this year and the early part of 2015. That means less shoveling and less wear and tear on your heating system. But, even a mild winter day/night can be brutal if you live in a drafty home. The following are a few tips on how to winterize your home before winter. Read More
Having a good business credit score is invaluable these days. Credit scores help suppliers and lenders predict whether a business owner will pay his/her bills on time. Here are a few ways property owners and real estate investors can take control over their business credit and give it a boost: Read More
Is it time to hire a professional property management company?
If you own and operate a rental property in NYC, you have surely experienced the financial challenges and day-to-day operations issues that are impacting your investment’s success.
While you may be quite skilled in many areas of property management, there is often a ‘tipping point’ based on the size, scope or type of your property that will make your property better suited for a professional property management firm. Read More
Tips on Evaluating a Potential Property Manager
Hiring a good condo property management company in NYCoffers an array of benefits. For one, you can attract a higher caliber of tenants. You do not have to personally maintain your property or be responsible for performing move-in and move-out inspections. Plus, you don’t want to forget about the tax advantages it has to offer. Read More
Tips on Finding the Best Property Management Team in New York City
In a previous blog post, we mentioned the importance of doing your due diligence when evaluating potential property management companies in NYC. Now we’re going to share a few ways of determining the best property manager to oversee your day-to-day building operations. Read More