I'd start the process of non-renewal, notice to vacate and eviction if needed. 

@Anita AinsworthIf you decide to go with a public adjuster, that will almost asuradly add time to the process.

What is your prepayment penalty length and structure?

I think its going to just take some time for the end buyers in the chain (the people responsible for buying the MBS through the whole process - generally banks, insurance cos, pension funds) - by nature are very conservative and slow to adopt to new things like SRO.Its a tough situation because the message a lot of times ends up being "rent it out traditionally on a single lease since thats more conservative" yet they are out of touch with investors who can only cash flow in this current environment with creative solutions such as rent by room, etc.

man this is the best direct-honest-unbiased-transparent I ever heard of. it is like i said before, the local broker that has better cost efficiency and/or tech-driven brokerage would rise in popularity and the slow and decaying process of traditional brokerage. typical agent make 50k, there're more realtor than home to sell with different cost from each brokerage ; seller/buyer not just want lesser commision but they want bigger pie when selling like you said. 

Great insights to help in my decision-making process on the location.Kind regards,

( Can't find any info online for the NYC market) Is there a process to try and get the property in a short sale before it goes on auction, If so who needs to be contacted?

I'm trying to streamline the app process for my tenants (and me). 

We are in the process of building a property management company, does anybody have a simple Property Management Agreement you can share with me? 

I was hoping to connect with individuals in the space that would be able to help guide me through this process.