Property Management 
There are currently 8 blog entries related to this category.
Craigslist SCAM strikes again in the Hudson Valley
Monday, August 15th, 2011 at 7:37pm. 31982 Views, 1 Comments.
Dutchess County Brokers and Agents have once again been put on notice that a SCAM Artist is attacking out listings. This scam has been played out in the real estate industry across the country, but thanks to some smart renters who decided to do some research and make some phone calls, the scam was brought to light quickly.
How does it work? It’s quite simple actually. Someone sees a house for sale or rent on line or in person and then pretends to be the listing agent and or owner and posts a Craigslist ad offering to rent the house – usually at quite a discount. If they see it in person, they will usually leave a door or window unlocked so they can sneak back in and change the lock on the back door.
The SCAM Artist posts…
Following Directions - That's all it takes!
Friday, June 24th, 2011 at 1:48pm. 239 Views, 0 Comments.
I was recently working with a Rental Client, that is where I represent the Renter, not the Landlord. Yes, this situation does come up, but not too often as most renters I meet will rent one of our Managed Properties.
I like doing this because it gives me a chance to see things for the Renters perspective. Then again, I get frightened doing this as I see exactly what other agents are – or rather – Are Not doing.
Some of the things I have come across are as complex as Gross Violation of Fair Housing Laws. You know those applications that ask your age, marital status or sex. Then we have the leases that would never hold up in court if the landlord ever had to try to enforce one of the clauses in it either because of how it was…
Who is watching your property?
Tuesday, June 14th, 2011 at 10:00pm. 287 Views, 0 Comments.
So you’ve decided to become a landlord. Was it by choice or due to the current housing crisis? In many cases, a landlord, especially one that is forced into becoming a landlord will seek out the help of a Professional Property Manager. In years past, you would have simply opened up the phone book and today you can just perform a quick internet search for a property manager. Not too bad, but with the housing market being what it is today, we seem to have an influx of “property managers” readily available to manage your property. Who are these property managers and where are they coming from? Well as it turns out, the majority of them are failing real estate agents trying to find another way to supplement their income. What does this mean for you, the…
Heading to Albany for Lobby Day
Monday, May 23rd, 2011 at 12:31pm. 266 Views, 1 Comments.
Monday, May 23, 2011
Westchester County, NY
OUR A G E N D A
1. Support a property tax cap (A.3982 / S.2706) now. We also endorse mandate
relief to accompany a cap, but with Westchester and Putnam Counties having
among the highest property taxes in the nation, we don’t have the luxury of waiting
for mandate relief to be enacted. (John Kope)
2. Do not fund State budget deficits – or allow local governments to fund local
deficits - with new or increased real estate transfer taxes (S.1447) or mortgage
recording taxes (A.3307). It makes no sense to increase closing costs in the midst
of a persistent real estate recession, and especially not when New York already has
HUD Offers Grants to Clean up Lead Based Paint Health Hazzards in Housing
Saturday, May 7th, 2011 at 9:22am. 437 Views, 0 Comments.
The U.S. Department of Housing and Urban Development recently announced that it is offering $2.5 million in grants to improve and develop methods and knowledge for detecting and controlling lead-based paint and other housing-related health and safety hazards. This funding will help protect young children as well as other vulnerable populations.
“The grants awarded under these two programs will allow States, counties and cities who are on the front lines to further protect families from the hazards of lead-based paint and other housing related hazards,” says Jon Gant, Director of the Office of Healthy Homes and Lead Hazard Control. “We have made significant progress in eliminating lead-based paint but haven’t reached that finish line yet. We must…
5 Financial Ratios Every Landlord Should Know
Monday, March 14th, 2011 at 12:05pm. 230 Views, 0 Comments.
Whether numbers are your forte or not, there are certain ratios and calculations every landlord should understand. Following is a look at five key ratios that apply to income properties, how to obtain them, and what they tell you.
1) Vacancy Rate
Your vacancy rate demonstrates the number of units available or unoccupied versus the total number of units available for rent on a property. The lower your vacancy rates, the better. The formula for this is simple:
Vacancy rate = Total number of unoccupied units in a property ÷ Total number of units in a property
This total can then be converted into a percentage.
While average vacancy rates vary from region to region, according to a January 2011 article on MHN Online, “[President of Axiometrics, Inc.…
Tenant Can Terminate Lease for Second-Hand Smoke in New York
Tuesday, March 8th, 2011 at 11:33am. 28623 Views, 0 Comments.
Tenant Can Terminate Lease for Second-Hand Smoke
A New York court has considered whether a tenant could terminate her lease when her landlord failed to remedy, after numerous complaints, second-hand smoke coming from another tenant’s apartment into her apartment.
Danielle Cannon (“Tenant”) leased an apartment from Upper East Lease Associates, LLC (“Landlord”) commencing on May 7, 2008 and ending on May 31, 2009. The lease contained an addendum in which tenants agreed to prevent second-hand smoke from entering the common areas and other apartments.
In September 2008, a new resident occupied the apartment below the Tenant’s apartment and this lease also included the Addendum. This new resident was a smoker and also had a guest that was a smoker.…
New York Carbon Monoxide Detector law to take effect Monday, February 22
Monday, February 22nd, 2010 at 8:31pm. 28894 Views, 0 Comments.
On February 22, 2010, "Amanda's Law" will take effect. The law requires carbon monoxide detectors in every 1-2 family property; apartments in a multiple dwelling; and all condominium and cooperative apartments where the dwelling unit has appliances, devices or systems that may emit carbon monoxide or has an attached garage. Real estate licensees must be aware of the new law and advise clients and customers of the same.
I am all for this law, in fact I still do not understand why all New Construction buildings, residential, commercial or industrial are not required to have Sprinkler Systems, but that's another story. So how different "Amanda's Law" is from the Law that went into effect way back on March 6, 2003? Well that law pertained to any one or…
Realtors® Applaud Congress for Reinstating FHA Loan Limits
Washington, DC, November 18, 2011 WASHINGTON (November 17, 2011) – The National Association of Realtors... 4Comments Read MoreBuyer SCAM
There doesn’t seem to be a day that goes by where another SCAM does not rear its ugly head. A few days a... Add Comment Read MoreCraigslist SCAM strikes again in the Hudson Valley
Dutchess County Brokers and Agents have once again been put on notice that a SCAM Artist is attacking out listings. This... 1Comments Read MoreWe're always on the lookout for talented full time real estate agents to join our growing team. For a confidential interview click on Contact Us
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