Whether renting out an apartment for the first time or you are an experienced landlord, your main goal is to attract perfect tenants that will take good care of the property. As you are gearing up for this undertaking, you will probably want to ensure your place is in top shape. Renting out a property provides a consistent cash flow, especially if there are long-term agreements involved. However, being a dedicated landlord doesn’t mean just handing over the keys and awaiting for the monthly rent. As it turns out, it’s not as straight-forward as putting a ‘’for sale’’ sign in the front yard hoping that some of the best tenants … [Read more...]
Guidelines to tenants’ responsibilities
Moving to NYC is like no other experience. The Big Apple is famous for being one of the toughest places to live in. Even if homeownership is out of reach for many people, many people decide to pursue their dreams in the city that never sleeps. Due to a high demand there are lots of challenges for NYC tenants. Whether you end up renting in Manhattan or in some of the outer boroughs, chances are that you will struggle to find an apartment that meets your requirements. Picking the right neighborhood in terms of safety, accessibility and amenities is a good starting point for each NYC renter. It’s highly advisable to balance your … [Read more...]
Moving out of a rental apartment
Whether you are looking for a nicer place or your lease is up, moving out from a rental can be both exciting and frustrating. Relocating to a bigger place or to your own apartment can be a rewarding experience. However, there's a number of reasons why you should organize properly your move-out. With so many things going on, it's easy to overlook some of the most important steps. Hopefully the following considerations will guide you through the moving out process and help you end the tenancy on good terms with your landlord. Take advantage of our suggestions to protect yourself and have a smooth moving process. Renters' obligations … [Read more...]
A beginner’s guide to renting in NYC
Having decided to put roots down in the city that never sleeps you will come to realize that renting in NYC can be an overwhelming experience. While trying to find an apartment that meets your need you may stumble upon a series of difficulties. Regardless of whether you’ve been renting an apartment elsewhere or not, finding an apartment in NYC is a whole new experience. In comparison with any other US location, a competitive nature of the NYC real estate market requires a totally different approach. An apartment hunting in NYC usually requires a lot of legwork and a comprehensive advance research. At the earliest stage of the … [Read more...]
Guidelines to renting out your property
There are a lot of advantages of renting out a vacant property. Not only will it lessen the financial burden, but also it will generate some additional income and tax breaks. Furthermore, if you are moving to another location temporarily for an extended period of time or you cannot sell the apartment for acceptable price, renting out can be a viable option. If you are wondering how to make the most of your vacant apartment, read on the following tips on how to make your place ready for showing and attracting potential tenants. What to do before renting out an apartment Being a landlord comes with a series of responsibilities … [Read more...]
Tips for recovering your security deposit
Moving into a rented apartment involves a lot of expenses, but knowing that some of them are refundable may be a bit comforting. When you are about to sign a lease with your landlord, you should set aside certain amount of money for a big upfront payment - first month's rent along with the security deposit. If you are abiding by the rules and leaving the apartment in good condition you may have your security deposit back when you decide to move out. How can I retrieve my security deposit? - Understand your rights and responsibilities. Although regulations may vary by location, in most cases a landlord is obliged by law to return a … [Read more...]
