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30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.
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31 October 2024 | 7 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
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31 October 2024 | 7 replies
Sometimes it also could be a lack of marketing by the realtor but it's usually price and the area.
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30 October 2024 | 4 replies
Evictions are one outgrowth of the U.S. housing shortage and lack of affordability.
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1 November 2024 | 9 replies
Dishonesty in marketing is one of my arch nemesis's and I know it can seep into a marketing campaign if someone is inexperienced in marketing or uses some agency in which that is all they know - well this is using it.2.
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1 November 2024 | 5 replies
Negotiate the price down to cover that repair, or walk away from the deal.Based on your lack of experience, I would walk away and keep looking.
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2 November 2024 | 22 replies
Bad season for us means shorter season or less people coming up during the season because of the lack of snow as most of our money is made in this season.
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28 October 2024 | 3 replies
If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.
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31 October 2024 | 8 replies
That inventory is lacking and 3 bedroom homes are consistently being absorbed in less than 30 days without concessions.
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31 October 2024 | 24 replies
I appreciate all criticism in pointing out my lack of knowledge.