NYC Rent Regulation Guidelines Impact Small Landlords, Too
Real estate is a large industry impacting virtually everyone. In New York City, where rental units comprise 63% of the housing stock, (compared to an average rental stock of 37% in the United States), the proclamations of the Rent Guideline Board have an outsized public policy impact. Governor Cuomo signed the Housing Stability and Tenant…
Some New York City Housing and Economic Stats
New York is a city of renters. Of the 3,463,870 housing units recorded in the City as of 2016, approximately 63% or 2.2 million are rentals. The most popular housing size by number of bedrooms are 2-bedroom units. There are 1.1 million such units, which represents 32% of the housing stock. Studios have the fewest…
The Risk of Landlords Representing Themselves in New York City
Often times a small homeowner becomes the most limited of all specialists – a jack of all trades. While being the owner of the property, as a matter of expediency, you also serve as the manager of the property, the contractor for the property, and sometimes the lawyer of the property. Representing yourself in Court can…