It’s no secret. Slumlords do exist. In fact, every year, the Public Advocate’s Office releases a Landlord Watch List which features the worst landlords of NYC, not exactly a credential you’ll be adding to your resumé. Though properties owned by slumlords should always be avoided by potential tenants, there does lie an attractive quality from a business perspective. Sites like GoHomeNY can help both renters and investors discover what people are saying about properties they are interested in. Given the right investor, you…
Category: Owners
How to Treat Your Doorman
With so many residential high rises in New York competing for tenants, prospective residents need to weigh all the factors. Amenities abound in NYC real estate, from concierge services and pools to multi-story courtyards with breathtaking river views. But while trends and features in urban living come and go, one figure remains stalwart and sure. That figure, of course, is the doorman. Ubiquitous in films and tv shows about New York, uniformed and steady, the doorman is the embodiment of…
Are we in a Buyer’s Market
The heat wave that characterized much of August seems to have broken and the cool weather of the fall is on the horizon. The cooling of the Real Estate market has continued and I’m frequently asked “What exactly is a buyer’s market?” and “What does that mean for me?” There is one simple answer and one much more complex. A Buyer’s market is one in which an increase in inventory and a decrease in demand, along with other market indicators, causes sellers to lower their prices…