Mayor wants a vacancy tax for empty storefronts

New York landlords tend to be institutional investors and hedge funds. Small businesses have been having a tough time renting stores, which typically go to chains or temporary luxury businesses.

Mayor wants a vacancy tax for empty storefronts

By Anthony Noto (New York Business Journal) Vacant storefront windows throughout New York City are an urban blight. And with traditional retail being such a tough market, they’re becoming more common. Mayor Bill de Blasio has a plan to solve this problem. While in Albany, the mayor called for the passage of a “commercial vacancy tax.” What […]

Make Wealth! Stay Wealthy!

Real estate is a great way to grow your wealth because asset tends to appreciate over time.

Make Wealth! Stay Wealthy!

We have often seen in the media, celebrities’ rags-to-riches-to-rags stories. It is unfortunate that some people can earn an adequate amount of money, more than the average American, only to squander it on commodities, or sometimes they, unfortunately, fall on hard times. Real estate is a great way to grow your wealth because asset tends […]

How to Fund your Real Estate purchase without Debt

When you make a new purchase, keep in mind its location and size, as it can determine whether you may earn rental income or increase equity.

How to Fund your Real Estate purchase without Debt

For most people, a real estate purchase is the most important transaction of their life. Buying a home holds sentimental value; you’re able to pass on your home to your children, or you can sell it to cash in on the accrued equity. There are various ways to fund a real estate purchase. Financing your […]

Real Estate Sales: Do You Know What’s Up?

As a buyer or seller, you should know who to call to manage each aspect of the transaction.

Real Estate Sales: Do You Know What’s Up?

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 […]

What tenants must know about buyouts, rent hikes and lease termination

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.

What tenants must know about buyouts, rent hikes and lease 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 […]

Residential Multiple-Dwelling Properties: Gold Mines or Coal Pits?

Property managers are devoted to ensuring that your investment does not go to ruin. They take care of violations, keep track of the rent roll and ensure that your property is in good standing. After all, a property in disarray can lose value when it is time to sell.

Residential Multiple-Dwelling Properties: Gold Mines or Coal Pits?

Multiple dwelling buildings are highly sought-after because of their high return on investment. No, they are not coal pits. Here’s why. With multiple apartments and with the increasing market rates, multiple dwellings offer their owners a higher rental income than income from one and two-family properties—all in one location. A responsible multiple-dwelling owner, who seeks […]

Fight Slum Landlords with a Tenants Association

The best way to bring the slum-like conditions to the attention of your landlord is by forming a tenants association.

Fight Slum Landlords with a Tenants Association

By Workers World Today Partners [dropcap]S[/dropcap]lum landlords hinder tenants’ rights to a quiet enjoyment of their premises. How? With no proper maintenance to the dwelling, slum landlords collect tenants’ hard-earned dollars in exchange for unlivable conditions. So, what can we do? We can associate! Landlord-tenant law provides for tenant associations to bring lawsuits known as […]

Want to Invest in Commercial Properties vs. Residential?

Due to the recent poor performance of real estate mortgages, banks and government regulatory agencies are reviewing, reassessing, and reinforcing commercial real estate (CRE) guidelines. This has been imperative at this time because the CRE fundamentals remain weak. Analysts need to review commercial real estate lending practices to determine the nature and extent of the bank's weaknesses and vulnerabilities

Want to Invest in Commercial Properties vs. Residential?

By Workers World Today Partners  Investors looking to purchase real estate quickly learn that the market is divided into two distinct markets: commercial and residential. The residential market is composed of properties that are mainly primary or secondary residences and are generally not purchased for the purpose of generating income. Most residential properties are purchased […]

Can Color Help Sell Your Home?

So, while the simple answer to whether color influences buying decisions is a qualified yes, there is more to the story.

Can Color Help Sell Your Home?

Color psychology is not an exact science, but there are basic principles that marketing pros use to sell everything from greeting cards to automobiles. Much of it has to do with color. Yes, the colors you put on your walls, or on your front door, can help clinch a home sale! Humans have emotional reactions […]