Also, their pos only pertains to sidewalks, aprons, driveways, sewer dye, and smoke/CO detectors.

The is currently a full revamp of the main street and sidewalks.  

The sink and tub clogged up again on that day, so I called the city, they came out that day and ran a camera and found that it was clogged on their side, the next 4 days they dug up the side walk, my yard and the street, replaced the pipe on their side and fixed everything.

One of the major things they always site is cracked and or poorly maintained driveways and sidewalks.

Remember though that the plans have to fit the site, and allow for required set backs for landscaping, side yard, curb, gutter and sidewalk if required, etc.

NYC hates landlords and that is a fact when you get a $300 fine for having a dirty sidewalk or $5000 violation for being falsely reported by the DoB.

. $20,000.00 annually for 1st 2 yrs. for Reserves.I am deducting for a Vacancy Rate of 5% for $7,860.00 annual loss.Annual Water/Sewer of $10,800.00Annual Trash Pickup $4,600.00 I am using an estimate from another 16 unit within 1 mile for this figure.Annual Electric Service $5,400.00 or $450.00 per mo.Annual Pest Control of $1,200.00Legal and Accounting $2,150.00Elevator Mantenance $1,200.00 verified but condition of elevator is unknown at this point.Snow removal of sidewalk $725.00Advertising for 21 days in the Newspapers $397.05 Verified.Licenses for Rental Property $240.00I am getting Total Annual Expenses of $81,800.05 or 52.88% of Total Gross Income.OTHER FACTORS: Zillow shows this place as a 9 unit and has the value at $600,000.

We have had to correct city owned sidewalk cracks/holes that could be a trip hazard!!!

That little 5-10% taken for collecting the rent every month and managing the unit - most of that gets turned over to the insurance company for liability insurance that protects you as an owner and your tenants in case I mess up or someone I hire messes up, and workers comp that protects you and your investment in case an employee trips on the sidewalk while going to deliver notice, or a repairman falls off a ladder while cleaning your gutters.Since any reputable PM will likely be covered by these insurances, it means their subs also will need to have their own coverage.

When I drive by the houses where I sent the letters, there are no notices on the doors, and most of them look like they are perfectly normal, (shoveled sidewalks, nice landscaping, Xmas decorations installed during the season, etc.)