nycrealestateguy

04/25/2023

As someone who's managed rentals for 10 years, I have a track record of always getting paid. I'm proud of that, and I know it's because I take the screening process very seriously.

Here are the 5 most important things I consider when qualifying a prospecting renter:

1) Income: I want to make sure my renters can afford the rent. The household income should be at least 3x the monthly rent or 35x the annual rent.

2) Credit score/landlord payment history: A good credit score shows that my tenant is responsible with their finances. I like to see a score of at least 680 + 6 months of rent receipts.

3) Criminal background check: I always run a criminal background check on my renters. This helps me to protect my property and my other tenants.

4) Bank statements: How liquid are they? If they were to lose work, would they still be able to pay rent?

5) Pet policy: If you have a pet policy, make sure the tenant understands and agrees to it.

While the above are certainly not foolproof, it definitely lessens your chances of non-payment or an eviction.

04/21/2022

AVAILABLE FOR JULY 1 MOVE-IN!

Looking for space? Look no more! Over 800 Square Feet with Abundant Closet Space + All Utilities Included!

Spacious apartment in a full-service amenity building, perfect to come home to after a long day. This south-facing apartment features hardwood flooring through and offers excellent light with generous space in each room. The living room fits two libraries, along with a nook for your home office. Adjacent to the living room is a dining area—just off the kitchen, with ample space for entertaining guests, or, simply a private dinner at home. Features one-of-a-kind Skyline SG1200 double-insulated crank handle, which seals off all noises from the outside world The galley kitchen features a stainless-steel stove & dishwasher & full-sized fridge.

The kitchen also comes with tons of cabinets—excellent for storage space. Walls of closets line the entry foyer and hallway. KING sized bedroom with closet space, south facing window and a through-the- wall air conditioning unit. ALL UTILITIES INCLUDED! Best of all—the location—just a stone’s throw away from the Second Avenue subway line and the Lexington Avenue subway. Central Park, along with prime cultural institutions are within walking distance.

Starbucks and CVS are just across the street—and popular restaurants on Second Avenue are close by.

09/02/2021

🚨 𝐅𝐔𝐑𝐍𝐈𝐒𝐇𝐄𝐃!! 🛋 ⁣⁣
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6 month short-term rental in Clinton Hill! 📍 Huge, luxury loft with splendid hardwood floors. This rarely available loft boasts 𝟏𝟐 𝐟𝐨𝐨𝐭 𝐜𝐞𝐢𝐥𝐢𝐧𝐠𝐬, a wall of oversized windows🪟 , southwest exposures, substantial closet space, premium hardwood floors, and a 𝘉𝘰𝘴𝘤𝘩 𝘞𝘢𝘴𝘩𝘦𝘳/𝘋𝘳𝘺𝘦𝘳 in unit. ⁣⁣
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The open chef’s kitchen 🧑🏽‍🍳 features custom cabinetry, granite countertops, kitchen island with additional storage and a high end Bosch appliance package. The marble tile bathroom offers a deep soaking tub 🛁 , his and her double sinks and additional storage space. This 𝐌𝐀𝐒𝐒𝐈𝐕𝐄 floorplan can easily be modified to create a one bedroom home. ⁣
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🏡 91 Grand Street, Brooklyn ⁣

08/14/2020

https://www.cnbc.com/video/2020/08/13/nyc-apartment-vacancies-hit-a-new-all-time-high-as-renters-leave-the-city-amid-the-pandemic.html

CNBC's Robert Frank reports on the apartment vacancy problem in New York City and how landlords are trying to deal with the issue.

07/17/2020

https://hcr.ny.gov/RRP?fbclid=IwAR05QG188GW3elGg7wbfPxnFFcSVFAzajjwhi44W0oKfrBgfGaXfy0JxzKY

We are aware the site has experienced high traffic issues and apologize for the frustration. Please note the application period will be open through July 30. This program is not providing assistance on a first come, first served basis. Applications can be submitted at any point during the two week...

07/09/2020

I shared my thoughts on the current state of the NYC rental market in this article below.

It's essentially a tenants market and there are PLENTY of deals to be found. Many landlords are offering concessions such as paying the broker fee or offering one month free rent.

Stopgap measures are keeping renters in their apartments, even as their bills stack up.

06/27/2020

https://patch.com/new-york/new-york-city/explore-nycs-5-700-restaurants-open-outdoor-dining-map

A new map lets New Yorkers see what restaurants are open for outdoor dining in their neighborhood. The dining program will expand next week.

06/25/2020

Wow! This is great news!!

Restaurants will be able to serve customers at 50% capacity, with details to come in the coming days, Hizzoner said Thursday.

06/25/2020

https://www-barrons-com.cdn.ampproject.org/c/s/www.barrons.com/amp/articles/hopes-are-high-for-new-yorks-real-estate-reopening-as-pent-up-demand-is-expected-to-bolster-activity-01592835330

Homes at the higher end may see a slower rebound, with many buyers and sellers still quarantining outside of the city

06/25/2020

https://therealdeal.com/2020/06/23/rent-rospective-assessing-the-rent-law-one-year-after-its-passage/

A year after the rent law’s passage, The Real Deal’s Kathryn Brenzel and Georgia Kromrei set out to assess the impact the legislation has had so far. Some of the city’s top brokers reflected on the financial fallout, and who the long-term winners and losers might be.

06/22/2020

𝐏𝐇𝐀𝐒𝐄 𝟐!!! Today marks a milestone from where we were in April with around 6,000 new coronavirus cases per day—now to a low of a few hundred cases per day in NYC. The virus has upended how we work, live, and interact with each other. Incomes have been wiped out, businesses have closed, and inequality has run rampant. ⁣
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The virus has also impacted our community more than others—40% of those who died were New Yorkers of color. We’ve come a long way mainly due to the brave and tireless work of our first responders. ⁣
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In Phase 2 we re-open offices, hair salons and barbershops, houses of worship, retail stores and restaurants for outdoor dining. Let’s remember what kept us safe—frequently washing our hands, social distancing when possible and wearing face coverings. ⁣