This fee is typically a fraction of the amount of a traditional security deposit.Coverage: The surety bond provides coverage for the landlord in case the tenant fails to meet their obligations, such as unpaid rent or property damage.Claims Process: If the landlord needs to file a claim, they submit documentation to the surety company.

But I noted that places like North Tonawanda as @Pravit Jarriyapurttipong mentioned are actually outside of Erie County, it's in Niagara County, which follows the stricter landlord laws as New York State... https://ag.ny.gov/sites/default/files/changes-in-nys-rent-la...Would you recommend sticking to Erie County boundaries for this purpose?

Beneficial Ownership Information is back on the table. Register your corporation by 1-13-25

It occurred to me today that I've never asked about umbrella insurance claims.I’m particularly interested in real-world examples where this type of policy came through during:Property damage (fires, storms, floods, etc.)Liability claims involving tenants or third partiesMajor unforeseen eventsIf you’ve ever had to file a claim and your umbrella policy saved your bacon, I’d love to hear:What happened?

I haven't filed a claim all these years but insurance is for the what-if and to be used for the high-ticker items, but chances of damages exceeding the 5% is low.  

Once you file your 2nd year of tax returns, you may now be able to qualify for Agency Loans (FHA/Conventional).

If not, the only requirement may be filing plans with the dept of buildings.One of our contractors does the bulk of his work on contracts with NYC.Mainly work related to bathrooms & tiles/flooring, I will shoot you a PM if I can get any information on this.All the best!

You could overwhelm your tax assessor with love by simply filing an appeal every year.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Homeowner filed chp 7.