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Understanding the Rights and Responsibilities of Landlords in NYC

Jun 06, 2023 ,,,,,,,,,

Living in the bustling city of New York can be an exciting and vibrant experience. As a tenant, it’s essential to be aware of your rights and your landlord’s responsibilities. Let’s delve into what landlords in New York City must provide to their tenants and what they are not obligated to provide (lots of things […]

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Water Damage in Your Brooklyn Apartment or Home: Essential Steps for Recovery

Jun 06, 2023 ,,,,,,,,

Water damage in your apartment can be a stressful and overwhelming experience. Brooklyn residents, in particular, are no strangers to the challenges posed by flooding and water damage. As climate change intensifies storms and increases the frequency, water-related issues have become more prevalent. Whether it’s a burst pipe, a leaking roof, or another cause, dealing […]

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Two Birds, One Stone:  Leveraging Tax Benefits By Using Cost Segregation to Immediately Write-Off All Impaired Assets

May 11, 2023 ,,,,,

By Eli Loebenberg, CPA, CEO, Madison SPECS Over the last several years, the use of cost segregation studies as a means of lowering income taxes has gone from being a niche practice utilized by the savviest of real estate investors to an almost standard part of purchasing commercial real estate properties, whenever applicable.  This has […]

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Spring Cleaning Tips For Homeowners

May 11, 2023 ,,,,,,,,,,

Spring has sprung, and you know what that means…spring cleaning! It’s time to open those windows, let the fresh air in, and clean out the grime your home collected during winter. It’s a new season, and what better way to start fresh than giving your home a good old cleaning! Keep reading below for a […]

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New NYC Airbnb Law Requires You To Register Your Short-Term Rentals

May 11, 2023 ,,,,,,,

A short-term rental property has become a popular side hustle to provide an additional income stream. This is where tenants, landlords, and building owners are at battle. Some New York residents are applying for rentals without intending to live there. The idea is to list them as short-term rental properties on websites like Airbnb, Vrbo, […]

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Did New Construction In Brooklyn Move in Next Door? Here is how to handle it.

May 10, 2023 ,,,,,,,,

Construction can be noisy and overall irritating, especially when you’re living right next to it. This is the case for most Brooklynites and New York City residents. On the bright side, there are actions you can take to block out the construction and keep your discomfort at a minimum during this time.  Collect All The […]

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Sustainable Buildings Local Law 97 To Affect Brooklyn Buildings In 2024

Apr 18, 2023 ,,,,,,,,,

If your local Brooklyn apartment has not been making sustainability efforts, it’s time to call your landlord and building owners. Local law 97 (LL97), part of the city’s Climate Mobilization Act in 2019, states that buildings 25,000 square feet and larger must limit harmful energy emissions.  Buildings across NYC will need to comply with the […]

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What Tax Documents Do I Need To File My Taxes as a Landlord?

Apr 18, 2023 ,,,,,,,,,,

When becoming a landlord or property manager, you are responsible for reporting your rental income each tax season. You can be subject to costly fees, fines, or penalties if you don’t report the proper landlord taxes. This is especially true with the current 1099 requirement from the IRS.  1099 requires landlords to report rental income […]

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To Ban or Not To Ban E-Bike Battery Storage

Mar 21, 2023 ,,,,,,,,,

This year alone, there have been more than 30 fires all around New York City due to faulty e-bike batteries, leaving landlords & management companies unsure on how to mitigate the potential risk. NYC lawmakers, too, are concerned about the safety of tenants across the five boroughs, banning the sale of non-certified batteries to reduce […]

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Top 7 Important To-Dos that Make Life Easier When NYC Apartment Hunting

Feb 21, 2023 ,,,,,,

Moving to New York City is super exciting – think of all the adventures you will have! What might be less exciting is NYC apartment hunting. But when you find the perfect place, it all seems just to fall into place. To make this part of the journey a little easier, Realty Collective has come […]

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