All Forum Posts by: Meti Kay

Buying a condo in NYC got the estimated closing costs (primary residence) of 12,500$ on a 240,000 purchase with 20% down.. does this seem excessive ? Any advice thank you

John Spina jr hey John I'm in the Staten Island area as well and work as an agent.. I'm closing in on a flip.. it's a tight market but there are still opportunities.. message me if you want to talk

Mindy Jensen thank you yes I believe those are the only 2 options was just branching out how others would del with this. That's what I recommended as well don't take the check seems to be the best solution then draft up evictor papers. Thank you again!

Thomas S. They have over 5 properties and over 4 mill in equity but there older and English isn't to great so at this point I want to figure the most logical decision on how to deal with the tenant and nothing else

Thomas S. They have the property for over 40 years with mostly no issues throughout the years just of recent with a specific tenant. I didn't ask for advice on getting a PM I'm asking what would a landlord in NY do in this situation.

Anybody?

A relative owns a 4 units non rent stabilized building in one of the 5 Boro's in NYC. There having an issue with a tenant who's leave expired 3 months ago and want to raise the rent (current rent $1650 2 bedrooms huge 1,000 sqft apartment) local rents are in the area of 1800-2000+ They've approached the tenant on a few occasions and the tenant keeps complaining it's too much and they cannot afford it. He already has a waiting list of tenants who are wanting to pay $1800... current tenant paying 1650 and they they want to have it raised to 1725 ($75 increase) they explained r.e taxes, water went up. Tenant does not give a crap. Besides doing the natural route of filing for eviction are there any alternatives then to possibly losing 5-6 months rent?

Samantha Klein hey Samantha I tried sending you a PM no luck.. would like to reach out to you. Thank you

Chris Mason excellent.. what about when selling? Just trying to double check the numbers .. my LO said around 5k.. no realtor fees since I will sell on my own

Anyone have any idea on estimated closing costs when selling? On a 300k property in NY