All Forum Posts by: Przemek Kos

@Jai Reddy

Sure but I think the point is - out some sort of a value on whether it ultimately is a sale or gift or goes into your estate. Relatively conservative assumption is probably to assume no further gains from the point of valuation (today or whenever you do the IRR calc). Most conservative to assume no gain upon sale.

Bottom line, whether you dispose of the property or not- you are getting an idea of how it has performed over its life.

Patience is key, Orange County is definitely a hot market this summer/fall.

Middletown and Newburgh make up the bulk of multi family listings in Orange County.

@Austin Pesce

Welcome! We should definitely connect (I live 15 min from you)! So far I have only pulled the trigger (buy and hold rentals) in Orange County, but have looked at Westchester as well.

Found this interesting footnote in a Bloomberg Article on CDC's action.  So in states with moratoriums of their own somehow this does not apply? Any thoughts?

"The CDC's eviction moratorium expressly exempts localities that have adopted moratoria of their own, so our hypothetical voting order might exempt those localities where everyone (Oregon) or almost everyone (Washington the state not the city) already votes by mail."

@Sharlene Mulchandani @Karl B.

Thank you both, will definitely move forward with sending a notice that the tenant is in violation of state occupancy laws.

Hi,

Hypothetical situation - picture a tenant with a family (total of 4) living in a 2 bedroom / 1 bath apartment. That tenant at some point has another 4 people move in (total of 8) and as a result is violating state safe occupancy limits.

As a landlord, what options do you have? How can you enforce safe occupancy rules?

Thanks.

Very helpful, thank you.  Was leaning towards putting both, as at the very least, both are agreeing to the rules stated in the lease and there is no excuses.

I think we will ask for co-signer, as its the parents of the applicant with good income/credit, just more protection. 

Hi All,

Have a situation where I have an applicant who has good income, good credit history, but is applying and will move in with a significant other who has delinquencies across the credit spectrum.  

Should both be on the lease? Only one?  They are also offering a co-signor.  This is in New York, any advice? Thank you.

Regards,

Przemek
 

@Jason Aro

I work In the city and invest (and live) around Newburgh. Personally, I haven’t been comfortable buying anything in Newburgh. I like Warwick and Cornwall. Beacon is definitely a good area to look in, but often pricey.