In order to make the decision on whether to get a renters insurance policy, it is important to know what’s covered, the three types of coverages typically available, and what to watch out for when purchasing your own policy. Please note that each insurance company has different exclusions and coverage limits. Problems and frustrations can arise down the road if you don’t fully understand what’s included and excluded in your policy. There are three essential types of coverage: 1) Personal…
Tag: renters
Three Ways to Find a Good Landlord
Finding a good landlord is just as important as finding a good apartment, especially now with unemployment and health concerns. Apartment Therapy has a helpful article, “How to Find a Good Landlord” with three things renters should look when they want a good landlord-tenant relationship that’s beyond one that’s transactional. Since real estate is a financial investment, tenants should look for these three things: Alignment – Relationship that is a good fit for the landlord and for you Responsiveness –…
4 Tips for Renters Affected by COVID-19
There are always unknowables in New York real estate. Now there is infinitely more uncertainty regardless of your individual situation. That’s what GoHomeNY is here for. GoHomeNY cares and wants to help you with helpful tips, resources and information for living well through a crisis. 1. Care for Renters in NYC Want to know how you can help or need help? Any New Yorker’s affected by COVID-19 and needs help or wants to help those affected go to Help…
U.S. Orders Up To A Yearlong Break On Mortgage Payments
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months. Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly…
One Click Away From NYC Rent Stabilized Apartments
One Click Away From NYC Rent Stabilized Apartments Quick Recap On NYC Rent Stabilized Apartments When the lease for a NYC rent stabilized apartment is up, the rental increase is regulated and you are guaranteed to get a renewal lease. After the initial approval of the application, the landlord of the apartment is basically stuck with you forever because they have no recourse in getting you out of the apartment barring some illegal activity or lack of payment that would void…
This Is How You Find An Apartment In NYC Without A Broker
This Is How You Find An Apartment In NYC Without A Broker At this moment, you are contemplating finding an apartment in NYC on your own without the help of a broker and you are second guessing if it is even possible having read everywhere how difficult it is. Regardless, you’re going to explore the possibilities and take your shot because you’re finding a difficult time finding a reputable broker or you literally do not want to pay the thousands…
The New Rent Laws: What You Need To Know (For Now) by Jessica Feder-Birnbaum
The new rent laws that went into affect in June 2019 have been overhauled to protect tenants. Landlords and management companies are scrambling to be law abiding and stay profitable. As with any new system, there’s a learning curve. Landlord feedback is that the laws skew too highly in favor of tenants. How pushback will alter these policies remains to be seen. Whether you’re a rent stabilized or market rate tenant, read on to see what these changes are and…
Neighborhood Guide to North Brooklyn’s Iconic Hipster ‘Hoods
The North Brooklyn neighborhoods of Williamsburg, Greenpoint, and Bushwick have a similar vibe and lifestyle. A long standing Hassidic and Dominican neighborhood, Williamsburg’s transformation to arts enclave come hipster HQ began in the late 1980’s/early 1990’s. When artists were priced out of Manhattan’s downtown villages, they sought new digs, preferably with live/work art spaces and easy access to the galleries, theaters, and vibrant creative community they’d left behind. Enter north Brooklyn. The neighborhood of Williamsburg had everything the artists were…
What You Need to Know About the L-Train Shut Down & How It Will Affect You
Are You Ready? The temporary shut down of one of New York City’s most-used trains has been creeping up on commuters for over a year now, but it’s official date of shut down is no longer too far out of reach. According to AM New York, the MTA announced the 15-month long shutdown of the L-train will begin on April 27, 2019. A mere 4 months from now. Hurricane Sandy Although, it is not the entire L-train that will be…
How to Have a Good Relationship with Your Landlord
Your relationship with your landlord in New York will be, at best, complicated. Because there is such a high demand for housing in New York, your landlord might be less than thrilled to do all the work to keep you as a happy tenant. After all, they probably can rent the apartment or house to someone else in a month. Does this mean your landlord is scum? Of course not, but there are several things you can do as a…