All Forum Posts by: Mohammed Rahman

Hey @Jon Pflueger - your best bet will be to retain an architect, they typically have a good understanding of what's feasible and not in a specific zoning/area + will know how to handle variance permissions and etc. 

I was just following this news today. 

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*

Some long term effects I can predict already: 

- Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) 

- Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved

- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

The focus of government policy (regardless of how local) should be on addressing fundamental friction. Supply Vs. Demand. 

Increase supply (or at least encourage development), and the prices will eventually come down (as we've seen in other large cities like Austin where the demand boom was followed by a supply boom - and now both sale prices and rents have gone down). 

Hey @Ricardo Polanco - inspectors, whether it's announced or unannounced, should not be forcing their way into your property. 

If you're not present to let them in (or have the space occupied for whatever reason, etc.), they should be notifying you and you may have to face any repercussions (penalties, pauses on your permits, etc.) 

However - if they're there and verified to be inspectors to ensure the unit is compliant, then yes you are obligated to let them do their jobs.

Hey @David Griffin - this is literally the biggest issue landlords worry about when taking on section 8 tenants. 

Sure, section 8 sometimes pays above market, but good luck trying to get anything out of the case workers. 

I am a landlord, broker, investors, etc. and have section 8 tenants as well - luckily I have a good relationship with my tenants but man oh man... dealing with their case worker was almost like they were paying out of their own wallet for a rent increase when in reality HUD had updated rent guidelines.

Do you not have an online portal or account that you can access the section 8 landlord portal via? I would start there and also figure out which NYC office is issuing the voucher (CityFHEPS, Section8/HCV, etc.) 

Hey @Victor Garcia - I know a few folks in the Bronx, shoot me a text and I'll send you their contact infos thanks

Hey @Tyler Condon - seller credits are capped at whatever the lender's limitations are (ask your lender). 

If you're having trouble finding a way to put the seller credits towards... never hurts to just ask them for a check made out to you at closing ;) 

Hey @Luis Puente - the reality is, the answer depends on you. 

If you're using your real estate license as a means to make the same/more as your W2, then you will face an uphill battle - unless you work extremely hard. 

In most cases, new agents lose money for the first few years (considering the amount of time/work it takes and the payoff). 

It's a great tool to learn more about real estate though, and help you decide whether or not a full time career in this industry is for you. 

Hey @Antonio Reybol, Jr. - creating a single listing/landing page is by no means a silver bullet to move inventory fast, but it won't hurt it. Especially if its a more higher end listing. 

Focused Marketing: A single listing page keeps all the attention on your property—no distractions from other listings. This can help you capture leads who are genuinely interested without them getting sidetracked by other properties.

Lead Capture: With a simple lead form (like a “Request More Info” or “Book a Showing” button), you can collect contact details from potential buyers and follow up. This is especially valuable if you’re running paid ads on social media or Google to drive traffic directly to the listing page.

SEO and Branding: If you create a unique, SEO-friendly URL (e.g., “123MainStreet.com”), it can make the property stand out and be easy to remember. It also gives a professional touch, which helps build trust with potential buyers.

Cost-Effectiveness: Single listing pages don’t have to be expensive. Platforms like WordPress, Squarespace, and services like LeadPages offer templates and tools to create listing pages quickly. If you're working with an agent, some brokerages also provide this as part of their marketing package.

Hey @Calum Bressington - it's not being greedy, it's adjusting the rent to keep up with market rents. 

By the time you raise it bit by bit, the new "market" rent will probably have surpassed the $1300 mark lol. 

Likely your tenant is already aware of this, but I understand its a sensitive topic and a big jump as well - if they've been a good tenant so far, it could be worth it to have a convo of raising the rent but giving a discount for them taking care of XYZ on your property/ies. 

Hey @Cameron Marro

1. Personal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral. Rates may still be high, but sometimes they’re more flexible with repayment options than a mortgage refi.
2. Family Loan Structure: Since you have an existing interest-free loan from family, you could talk to them about restructuring or even adding onto it, if they’re open to it. Set clear terms in writing so that it’s “official,” which can protect everyone involved.
3. Renovation Phasing: If the reno is intensive, consider breaking it into phases. Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.

Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.