New City Property Management Blog

3 Efficient Commercial Lease Management Tools for New City, New York

Owning a commercial property is a wonderful way to build community in the Rockland area.You have an opportunity to lease out to small businesses that can enrich the lives of residents. Everything from office buildings and restaurants to local services can go a long way.Even bette...

What Are the Best Ways to Manage Rentals in HOA Community Homes?

There are many reasons why homeowners choose to live in an HOA, from community-centered philosophy to property maintenance.Yet, an important question remains: can HOA property owners rent out their homes to tenants?The answer is "yes!"There are plenty of reasons why suc...

Tips for Rental Property Accounting Records

It's estimated that landlords receive approximately $353.7 billion in rental income each year. While this form of passive income is great, there's no denying that it can come with some annoyances.One of them is keeping track of all your rental property accounting. Often t...

What Do Landlords Need to Know About Security Deposits?

Rents in New York City are higher than anywhere else in the country, and that means security deposits are higher as well. For new landlords, that may be stressful. How much should you be charging tenants for security deposits, and what are those deposits for anyway?Don't pani...

How to Decrease Vacancy Rate With Creative Rental Leasing Strategies

Even though New York City has one of the lowest vacancy rates of 3.1%, it is still something that most landlords want to avoid.If you are having trouble keeping your tenants or filling your rental units fast enough, it can cost you money in expenses and a loss of profit.Ensure yo...

5 Great Benefits of Introducing a Tenant Portal for Your New City, NY Rental

New York City has one of the highest numbers of renters in the country with 66.7% of households used as rental units. The city also has large apartment buildings with significant renter capacity, which means multiple tenants under one roof.As a landlord, you may lease more than o...

3 Tips for Property Investing in Rockland County NY

Did you know that around 50,000 people move to New York City each year?NYC has long been an alluring destination for real estate investors, offering a diverse range of properties and the potential for substantial returns.However, navigating the dynamic and competitive real estate...

3 Tips for Conducting Rental Property Inspections in New York City

Are you a landlord in New York City? If so, you're likely familiar with rental property inspections, as they are absolutely crucial to your success.After all, when it comes to renting properties, ensuring that your units are in top shape can make all the difference between a ...

Want to sell your property? Use a 1031 Exchange

Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it. In such cases, a ...

Why Conduct Regular Inspections of Your Rental Properties

If we didn’t trust our tenants, we probably wouldn’t rent to them, but when it comes to your properties and the protection of their value, here are 3 reasons as to why it is a good idea to conduct regular inspections of your rental properties. First, to confirm that no ill...