Property Management Blog

How Do You Calculate Prorated Rent in New York?

Moving into a new apartment can be an exciting time, especially in a vibrant place like New York City. One of the best times to move into the city is around early fall, when you can find better rent deals.However, what happens when a prospective tenant wants to move into your ren...

How We Screen Your Rental Applicants in New York

According to BestNeighborhood.org, nearly 45% of residents in New York, NY, rent their homes. So, if you're considering becoming a landlord in New York City, take this as excellent news, as a high renter population means you have an expansive, solid target market.Ho...

Boost Your Skills in Budgeting and Financial Reporting in New York

Did you know that effective budgeting can dramatically enhance the financial health of your business? If you're operating in the bustling New York area, mastering budgeting and financial reporting, along with financial literacy, is crucial for success.The right financial stra...

3 Secrets to Mastering Lease Negotiations in New York

Winning lease negotiations in New York can feel like stepping into a high-stakes chess match. Every move matters, and one wrong step can lock you into an expensive, inflexible agreement.Whether you're renting office space, securing a retail storefront, or negotiating an indus...

New York Sustainable Property Management: A Brighter Future

In a world increasingly focused on sustainability, new strategies are emerging in full-service property management to address environmental concerns while maintaining profitability.Did you know that the building sector accounts for approximately 30% of global energy consumption, ...

5 Key Factors in New York Commercial Property Valuation

The average gross rate for Manhattan offices is $71 per square foot, as reported by Offices.net. Commercial buildings throughout New York City are some of the most valuable in the country due to the city's role as a hub for commerce.When navigating the competitive landscape o...

How to Get Tenants to Renew Leases in New York

As a property owner in New York, keeping your tenants satisfied is essential for maintaining a stable income. Retaining a tenant in a city where 69% of households rent is often much more cost-effective than finding a new one.Tenants are often inundated with housing opti...

Rent-to-Own Homes: A Path to Homeownership in NY

Homeownership is a goal for many-it's not called the American Dream for no reason-but rising costs and stringent loan requirements can make it challenging to achieve. Rent-to-own homes, however, offer an alternative path that combines renting with the option to purchase a pro...

Tips for Rental Property Accounting Records in New York

Did you know that nearly 70% of New York City households rent their homes? This presents excellent opportunities for property owners but also unique financial challenges. Whether you're a seasoned landlord or just starting out, mastering rental property accounting is cru...

Open House Success: Tips for Hosting a Memorable Property Showing in New York

According to Quicken Loans, selling a home in the US can take between 30 and 90 days.This timeline varies depending on the local real estate market and the property type. While market conditions are beyond your control, some factors aren't.Hosting a memorable open house in Ne...