Real estate news and product updates for New York
It would be great if renting a home was as easy as finding a place and signing a lease. But any experienced renter knows that the real challenge starts long before a lease is signed. Every home you consider living in requires an application and a background check before a landlord or property manager will even consider a new tenant.
The New York City real estate market is overwhelming for buyers at best. With a median sales price of $1,335,000, affordable housing isn’t easy to find. Maybe that’s why only 31 percent of NYC households own their homes.
Investing in rental property in New York can become a very rewarding experience considering how many people want to move there for professional careers. You likely won't have trouble finding tenants in any rental properties you own, whether in New York City or upstate New York.
To expand your rental properties, you've perhaps decided to invest on the East Coast, particularly New York. While you shouldn't have an issue finding renters in New York, or New York City, it's inevitable you'll run into troublesome tenants eventually.
The State of New York has clear legislation on the topic of security deposits. Landlords should know the law, and follow it.
Price hikes in rent have become a common occurrence in the New York City rental market, where during the previous year, Brooklyn, Manhattan, and Queens all witnessed spikes in rental prices.