All Forum Posts by: Scott Williams

Hello Everyone at BP. 

I'm looking at a property in VA with moisture issues in the basement. There's a clear musty smell and it's down to the studs, insulation was pulled out too. I thinnk the issue is coming from the walls under 2 windows, but I can't tell is it's water coming through the foundation walls or from the windows.

Based on the two pictures, is the issue obvious to any of you? I can fix lots of things, just haven't dealt with this before. My best guess is water is coming through the foundation wall. Property was built in 1973. The grade is just below the windows.

Thank you all for everything!

Hii @Christopher Rodriguez. I have not yet found a managing agent. I will consider building this function into whomever I rent the first floor unit to. I've received some good examples from others here on BP. Thank you again to all of you. I don't like the idea of having to give a percentage of the rents to someone for doing almost nothing with the property. Please let me know your thoughts if you like. I'm always open to new opinions and info.

Thank you for the question.

Scott

 Hi Nishbell. The property is in Brownsville. Im happy to talk with you about it. Please PM me.

Hey Everyone. I need to get the stairs in the common hallway of my 3 unit property in Brooklyn re-carpeted. The original carpet lasted 10 years and just wore through. Can anyone recommend a company that can supply the carpet and install it without breaking the bank? Needs to be commercial or heavy duty carpet so it will last.

Thank you all in advance.

Scott

I've already PMd Brooklyn R. Some of the questions I have with the shared trash/snow responsibility is this: 

1) Who curbs the recycling if it's a communal bin (we have to provide one)? 

2) Who's responsible for keeping the sidewalk and 18" of the street clean? $100 ticket anyone. I'm sure the "they're not pulling their fair share" argument comes up at some point.

3) Who's responsible for shoveling snow? How would they distribute that fairly?

This sounds like a great idea. For my purposes I would also want to have whomever be listed as the property contact for the Dept of Buildings since I'm moving out of state myself. 

Did your Pedro do the trash as well? I have a person I pay 250 a month so I don't have to deal with it. It's worth it for me.

Hi Hamish. Thank you for your questions, but I think they are irrelevant for my topic. It's great cash flow and I'm not getting rid of the building anytime soon.

Hi @Scott Wolf. It's a 3 unit in Brownsville, Brooklyn

For those of you not familiar with owning property in New York City, if You own a building with 3 or more units it must be registered with the city and you have to provide contact information for someone that actually lives in the city. This person, if not the owner" is call the Managing Agent.

I find myself moving away from NYC, but am not sure what to do about finding a Managing Agent. I'm looking to the forums for advise or ideas. I've found property managers very scarce here, I haven't actually found one yet. I've heard they exist and may charge upwards of 20% (may or may not be true). I don't need anyone to manage the property. I just need someone to satisfy this city requirement of having a Managing Agent.

I know there's alot of snowbirds out there that live in Florida or other places, but own property here. What does one do when they're not big enough to have a Superintendent, but  just big enough to have to register with the city?

I look forward to discussing this with everyone. Thank you in advance.

Hi Lee. Just to add to Matt's info...buildings with 3 or more units must be registered with the city. If you move out of the city you must register a property rep with the city that will be contacted in case of emergency. Like, if there's a fire, the city would check the registry and contact that person.

Evictions depend on the circumstances. Judges have the latitude to give a maximum of 6 months for someone to get out of your property. That is the maximum, but if you have a solid case you can press for a much shorter time frame.