All of my buildings are three stories.

Hi @Reeti Peshawaria You can try this resources: Build Your Bnb: short term rental & Airbnb regulations For 400+ U.S.

Meaning you cannot just evict a tenant because their lease has expired.You will have to build sufficient evidence admissible in court and to the satisfaction of a judge to prove good cause to get a warrant of eviction.Many housing providers kept high risk tenants on month to month leases so that if the tenant stopped paying rent, you could simply give them a notice to vacate and recover possession of the rental unit that way.The reason for this methodology was because the HSTPA of 2019 passed in NYS made it extremely onerous and costly for housing providers to evict due to non payment.That method under good cause will be eliminated.So you can still keep tenants month to month but you will need to document the lease violation due to nonpayment rigorously.How many times and how late is “good” enough?

This separation creates a clear distinction between ownership and the right to revenue.That said, one key difference is the upkeep required for income-generating properties like homes or rental buildings.

But they had to jump through a dozen HOA hoops..eventually, the building got stricter on short-term stays.For single-family homes, if you can snag something with a scenic deck or quick access to popular spots, you’d be surprised how many travelers pay a premium for that “living like a local” vibe.

I’m particularly interested in strategies for scaling in the multi-family space, creative financing options, and building strong partnerships.If you’ve worked on similar deals or have insights into the best ways to grow in this industry, I’d love to hear from you.

We are deciding between hiring a property management company, finding a full time handyman or a hybrid of hiring a property management company for our bigger buildings and using a handyman contracting company for the easier ones.

Building Strong Relationships: The Key to Property Management SuccessIn property management, success isn’t just about managing properties—it’s about managing relationships.

In my market I have found there are under performing apartment buildings between 10-20units that have potential to increase rents and cash flow.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.