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16 November 2024 | 3 replies
If you’re referring to a special assessment, the ones for major expenses not covered by the regular dues, then maybe.
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11 November 2024 | 4 replies
Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.
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17 November 2024 | 6 replies
You should only be buying if the regular rate works for you guys.One other note to help you on your journey.
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19 November 2024 | 24 replies
They do it because the contractor asks and they don't know that it's not regular.
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12 November 2024 | 2 replies
Yes, you can generally use suspended PALs from other properties to offset gains when you fully dispose of a property in a taxable transaction.
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15 November 2024 | 2 replies
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...
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19 November 2024 | 6 replies
Folks will generally have a fantastic rental strategy but they don't fit the lense of regular guidelines.
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21 November 2024 | 39 replies
Most would be better off with just a regular landlord insurance policy and an umbrella policy.
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14 November 2024 | 5 replies
I've seen insurance premiums for flood go up to 5-6k on a regular single family home depending on the area.
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12 November 2024 | 6 replies
Quote from @Marc Shin: For my STR, should I be using waterproof LVP or regular tiles for the bathroom floors?