ronstarusnak Evicting a tenant in New York is slow, expensive, and loaded with procedural traps. One wrong step and your case gets dismissed. You start over. The tenant stays. You keep losing money. This guide covers the actual process from start to finish, with realistic timelines for Onondaga County and Central New York. No sugarcoating. Two … Read more
You walk into the unit after the tenant moves out and your stomach drops. Holes in the walls. Carpet destroyed. Kitchen cabinets ripped off the hinges. Cigarette burns on countertops. Maybe worse. This happens more often than anyone talks about. Here is exactly what to do, how to recover costs, and how to prevent it … Read more
Bad screening is the single most expensive mistake a landlord makes. Every eviction, every trashed unit, every month of unpaid rent traces back to the moment you handed over the keys to someone you should not have. Proper screening costs about $50 per applicant. A bad tenant costs $7,000-$8,500 on average. The math is not … Read more
You hired a property manager so you would not have to deal with tenants, maintenance, and midnight phone calls. But if your PM is costing you more than they save, you have a different problem. Most property owners do not realize they are losing money until they finally look at the numbers. Here are eight … Read more
A bitterly cold evening in March of 2021, Syracuse police discovered 93-year-old Connie Tuori brutally murdered in her apartment at the Skyline building. Officers stepped around used syringes, scattered drug paraphernalia, and human waste on the hallway floors as they investigate the scene. The corridors, dimly lit and thick with the smell of human waste, … Read more
Once upon a time, in the majestic world of real estate, there existed a sect of wizards known as appraisers. With a wave of their magical wands, (or should we say, calculators) they could decree the value of a kingdom (read: property) with exactitude. Or so the tale goes. In reality, these wizards often … Read more
2 Gen Syracuse: A Comprehensive Guide In an era where the complexities of poverty and housing instability are increasingly recognized, New York State has embraced a progressive approach: the two-generation (2 Gen) strategy. This approach, unlike traditional methods, aims to address the needs of both children and their parents simultaneously, acknowledging that the well-being of … Read more
Purchasing properties from the Greater Syracuse Land Bank presents a unique opportunity for investors, first-time homebuyers, and developers to acquire real estate in Syracuse, NY. Here’s a breakdown of the process, financing options, and some considerations regarding profitability based on the low comps and After Repair Values (ARVs): Purchase Process: The process of acquiring a … Read more
As winter descends upon New York State, property owners are faced with unique challenges that, if not addressed proactively, can lead to complications and unplanned expenses. Today, we’ll focus on critical areas of winter maintenance and legal obligations that every landlord should be attentive to. This comprehensive guide dives into real-life scenarios and offers actionable solutions … Read more
The dynamics of rental property vacancies in the northern regions, especially in New York State (NYS), have been a subject of considerable interest to both property owners and property management companies. Syracuse, being one of the prominent cities in NYS, exemplifies the unique challenges and opportunities that come with managing rental properties in areas that … Read more