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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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14 November 2024 | 30 replies
Especially in a Metro market.
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14 November 2024 | 15 replies
I wanted to start with a multi family.
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25 October 2024 | 12 replies
Somebody will figure out a creative way to work it into a deal though.
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14 November 2024 | 8 replies
Lilburn is a great market for a long-term buy and hold, but don't expect significant cash flow for the first few years of holding.
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14 November 2024 | 8 replies
My other property is in another state and has a property manager.
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15 November 2024 | 10 replies
I also own a bookkeeping business.