The Upstate Downstate Housing Alliance, a coalition of activist groups advocating for tenant protections, has clearly laid out a universal rent platform consisting of seven pieces of legislation.
By Rebecca C. Lewis (City and State New York) Before the 2018 state election cycle, universal rent control was not a common phrase among New Yorkers. When the idea gained popularity, thanks to the campaigns of progressive insurgents such as Cynthia Nixon, Jumaane Williams and Julia Salazar, it seemed to some like an ill-defined pipe-dream. […]
Block associations are groups of residents who decide to collaborate to strengthen a block or area.
By Alanna Schubach (brickunderground) We New Yorkers are not necessarily known for our neighborliness—according to New York magazine, we’d rather “endure an electric shock” than run into the strangers who share our apartment buildings and blocks. But our supposed aloofness doesn’t hold up when you consider the prevalence of block associations throughout the city—this list, […]
Making smart financial decisions is important in the ownership of a commercial property, and you can enjoy the increase of its value for years to come.
By Equity Smart Realty Owning an investment residential property will allow you to earn rental income, which helps increase the property’s equity. Owning a commercial property allows for rental income, an increase in equity and oftentimes an opportunity to earn from business ventures. Commercial properties can have mixed uses. A building with office space can […]
As a buyer or seller, you should know who to call to manage each aspect of the transaction.
By Equity Smart Realty Before you buy, sell or invest in real estate, know your role and know your goal. There are multiple participants in a typical real estate transaction: the buyer, seller, their respective attorneys, and the title company. Many homeowners seek the assistance of a real estate broker to negotiate the sales price […]
Some facts to keep in mind when you sell your home.
By Equity Smart Realty In most cases, gains from sales are taxable. But did you know that if you sell your home, you may not have to pay taxes? Here are ten facts to keep in mind if you sell your home this year: Exclusion of Gain. You may be able to exclude part or […]
If you are a tenant of a multiple dwelling unit, you should know your rights when offered a buyout, when you are facing a rent increase and when your lease is facing termination.
Throughout New York City, tenants of multiple dwellings have found themselves making the critical decision of whether they should accept a buyout for their rent-stabilized apartment. Rent stabilization usually applies to buildings with 6 or more units, although there are exceptions. What Landlords have realized is that tenants with rent-stabilized leases typically have lower than […]
Information is power. Get the information you need to become a first-time homebuyer in New York City.
Workers World Today has partnered with Equity Smart Realty, Chamber Coalition, Caribbean American Weekly, The Immigrant’s Journal and Figeroux and Associates to bring you the following seminar on Home Ownership. If you are a first-time homebuyer and are interested in learning about the home-buying process, this will be a great opportunity for you. Register now […]
Don't let landlords trick you into relinquishing your rights as a tenant. Consult a landlord-tenant attorney for assistance in court procedures and even before you sign your lease. -- Chereen James
Officials are currently seeking ways to combat the Housing crisis, where an increasing number of renters have found themselves searching for affordable units. Landlords are attempting to evict tenants in hopes of earning a higher rental income, and in hopes of delivering their property vacant upon its sale. In response to the growing eviction campaign, […]
Not only does rental income provide additional revenue to a homeowner, it has tax benefits. The rental income that a homeowner receives is not federal taxable income and is thus deducted. Homeowners can also deduct the interest paid on their mortgage.
By Chereen James With the influx of new residents, the increasing demand for livable space and the prevalence of real estate development, New York City may seem a daunting place for first-time homebuyers. But, there is no need to fear. With the help of a landlord-tenant attorney, a one and two-family homeowner can navigate landlord-tenant […]
Do you have enough money for a down payment? Can you afford the monthly mortgage payments? How much are your debts? What is your credit score? And can you fix your own leaks?
By Tatyana Bellamy – Walker, Special to Workers World Today For Caribbean-immigrant households, buying their first home can be the pathway to stability. Many Caribbean immigrants first came to the United States during the early 1900s, bought brownstones in largely white neighborhoods in Harlem and Brooklyn, then anchored dozens of generations. According to a report […]