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What does it mean when an apartment listing says “net effective rent”?

What does it mean when an apartment listing says “net effective rent”?

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

You might find a listing that says “net effective rent” when searching for that perfect Brooklyn apartment. What does this mean? Is the price listed the price I pay? How is it calculated? We have all your answers below.  What is net effective rent? Before we explain the definition, let’s understand two other real estate […]

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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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Who is Responsible for Snow Removal in NYC, Tenants or Landlords?

Feb 21, 2023 ,,,,,,,,,

Close your eyes and think about that one window in your dream New York City home with the fantastic view and the winter snow falling. Peaceful, isn’t it? After the snow has fallen, your first thought might be, “who will clean up this snow? I need to get to work. Do I clean up the […]

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Rents in New York City are still at a record high, but will it be like this forever?

Jan 19, 2023 ,,,,

Let the battle for lower rent rage on in 2023. Rents in New York City are still at record highs or close since the Summer of 2022. The Manhattan, Brooklyn, and Queens rental markets in December 2022 saw a slight decrease in the median rent. However, they were more significant than before the pandemic. Typically […]

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Emergency Rent Assistance Program Application Form Closing January 20

Jan 19, 2023 ,,,,,,,,

If you’re still behind on rent since March 2020, there are still resources out there to help – but you should act fast.  The deadline to apply for the Emergency Rental Assistance Program (ERAP) is this Friday, January 20th 2023 by 9 PM.  According to cuffh.org, The Emergency Rental Assistance Program is the strongest protection we […]

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What You Need To Know About A Certificate Of Occupancy in NYC

Jan 19, 2023 ,,,,,,,,,,,

So you decided to move to New York City or you already found the perfect place. That’s great news! NYC can open so many new opportunities and experiences, just on one little island. Something to know about before you move in is a Certificate of Occupancy or C of O, for short, or CO, for […]

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Real Estate Market in NYC: What to Expect in 2023

Jan 19, 2023 ,,,,,,,,,,,,

The real estate market in NYC is a dynamic one, with the value of homes and apartments being affected by a number of economic and cultural factors. Let’s take an in-depth look at the 2023 NYC real estate forecast, so you have a great idea of how to navigate your real estate purchases this year. […]

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New Rent Laws — Are You Aware of the Updates?

Nov 08, 2022 ,,,,,,,,

There have been a few important changes to New York Rent Law. These are exciting and important, as they’re designed to protect you and the space you live in! Read on to find some of the most important points. Be sure to keep this information in your records, as well, so you can look back […]

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There’s Mold in My Apartment — What Now?

Nov 08, 2022 ,,,,,,

Mold is by far one of the most unwanted apartment guests. The substance can lead to health issues and home safety concerns, and it can appear in both new and old homes. Some common causes include a leak that’s seeping in from another unit, clogged PTACs, and broken washing machine hoses. Though mold can also […]

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