All Forum Posts by: Maurice W. Evans

Not only is it the time frame but often times the lease is more extensive. All of my mid-terms in Denver are furnished (Which I would always recommend for midterms) so we have to include extra provisions in the lease about that as well. We also have different provisions than long term lease on notice to quit and renewal clauses because travel nurses often have a set time for when they know their stay will be extended and because often times travel nurses can have their contracts cancelled abruptly and sometimes even a few days after arriving. If you have any questions feel free to reach out as I have a few mid-term rentals myself!

For anyone interested in attending the next public hearing on this.  

 @Eugene Fedotov is exactly right on all this. It can be a bit overwhelming if you've never experienced it before. But let me add to this that whether you live there or not, think about what type of tenants you'll have to deal with who will be living there. 

I know I responded to you in the past, but seeing this again, I think anywhere along the 6 train in the Bronx would be ideal. Westchester Square to Pelham Bay. All great Bronx working people and neighborhoods.

Sunnyside or Woodside Queens would be fabulous, but maybe out of your price-range. I don't know Brooklyn. 

If you intend to live in one of the units, look up a crime rate for that area. Better yet drive around on Friday and Saturday when it is warm. You need a bullet proof vest in some of the recommended here areas. And if you will need to commute by public transportation, hop on the subway and take a few rides. This may be an eye-opening experience. Also read about an eviction process in NYC. It takes a long, long time. 

First, you should know that everyone and their mother is looking to get a multifamily property! Therefore, there is some competition and strategy needed in this market

Pick a niche/strategy: Some strategies may include house hacking(FHA), BTR construction, BRRR, or ready-to-rent units

Identify the types of property you want: Smaller units, apartment complexes, etc

Pick a financing tool: Are you raising capital, convention loan, Non-QM loans, venture partners, large banks, local banks, etc

The LTRs in NYC are rent controlled so it's just not an RE market operating on capitalism. You have to buy for appreciation there, not cash flow.