Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

This is because the financials of the condo project will directly effect the value of the real estate as a collective, as compared to just your financial health on other types.

They are usually worth every dollar plus some (things like dynamic pricing software and property management software like Hospitable if you like the tools). 

Quote from @Rob Williams: Hi everyone,I’m looking for advice on effective ways to connect with private investors locally interested in senior living land development.

@Coty LeBlanc I originally used it as a set it and forget it tool and it was better than not having I suppose, but then I really dug into training and learning and I saw 50% increase in one property and 20% in the other.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Constantly juggling guest messages, cleaning schedules, and last-minute bookings can turn the dream of passive income into a daily grind.But with the right automation tools, STR management can be not only hands-off but also more profitable.

You would go to meetup.com and search, and also you can go to the top tool bar and search events as well on BP.Meetups, search for large teams working with investors in your area (you can do this on Zillow) or on this website.

Receipt Bank (now Dext) is a powerful tool for scanning receipts and invoices, syncing with accounting software like QuickBooks.