All Forum Posts by: Maurice W. Evans

 They all own 2 family properties and were airbnbing the 2nd unit while living in the first.   You can no longer rent entire apartments at all.  Only rooms in an apartment in which you owner occupy.  That doesn't work for them as they like having their own space.   So Long Term makes more sense in these situation for them. 

I've met with 4 past clients in the last week who currently do airbnb.  We're going to list 3 of their apartments for long term rentals and one is considering selling.   In NYC long term rental market has been very resilient so i think most will opt for that.      

@Maurice Evans

Don’t discount parts of Hudson County NJ like Jersey City, Union City, Weehawken, West New York, both Bergen or even Bayonne.

Commuter times from these areas are comparable and sometimes a lot more convenient to Manhattan which I’d good for renters.

Prices on small multi family are better than in almost any area of NYC.

Good luck!

Hi Maurice,

You could always find a room mate situation in a place near grocery and some fast foods.

Just pick someone who matches you (introvert, extrovert, likes sports, or reads online most of the time).

That way you will be less likely to get in each others way.

Ask friends first--because the are a known item, vs the unknown.

Good Luck!

Hey @Maurice W. Evans - was this something you discovered when looking up low cost ways to make another acquisition? 

Asking since although it sounds feasible in theory, it will be tough to find a landlord in NYC willing to do this - unless you work with them full time onsite as a super/manager/agent/etc. 

@Maurice W. Evans very common for 50+ doors buildings to offer free rent for onsite agent/handyman. Often it's a couple, one does showings, the other maintenance.

You do have them still sign a lease, so you can chage rent if you fire them. You give them a rent credit during their engagement.

"Provides a door" means exactly what? 

Free rent or ownership?

Hey Maurice. you should pop by one of our meetups if you get a chance.   Would love to connect with you.