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Brick Underground,June 12, 2019Over two million rent-stabilized tenants in New York City are going to be better protected from rent hikes under newly announced rent reforms. The Democratic-held New York State Assembly and Senate have agreed to change the rules on rent-regulated apartments just as the law that governs rent stabilized apartments was set to expire. The newly hammered-out agreement ends vacancy decontrol, makes preferential rent last for the entire tenancy, and addresses Major Capital Improvements (aka building renovations) so they don’t create such a weighty rent burden.The agreement, which is expected to be signed by governor, also makes these changes permanent by taking away the expiration period that brought the law up for renewal every four years.Landlords have fought hard against the measures and argued buildings would fall into disrepair unless there were incentives for upgrades. They’ve also predicted a wave of condo conversions if landlords can’t make ends meet. J'Nell Simmons, CEO of Landlords NY, a landlord resource, says these changes have 'many landlords questioning their choice to become a landlord in the first place.' Crain's New York,June 10, 2019J'Nell Simmons is the CEO of LandlordsNY.com, a platform where property owners can share advice, questions and experiences.
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The most frequent concerns Simmons reports seeing from her 5,500 members are about complying with ever-more-burdensome laws and regulations—and staying financially viable while doing so.' Owners are trying to best plan and prepare how they can continue to manage their properties and afford the upkeep, maintenance, improvements, etc., with decreasing options for rent increases,' she said. 'I see a lot of owners just making sure they're compliant, and what they need to do to avoid more costly violations, how to dot all their I's on the applications.' The problem, says lawyer Michelle Itkowitz, who has represented both owners and tenants, is that politicians respond to renter complaints about landlord misbehavior by pushing for more regulation, not enhanced enforcement. That creates more hurdles for the law-abiding, while offenders ignore the rules.'
Brick Underground,January 09, 2019Many residential buildings in New York City—and their plumbing systems—are old, so if you live in one of them you can expect a clogged drain in your sink or bathtub to happen. And when that does happen, your nice, hot shower can quickly go from “ahh” to “ugh” as water starts rising past your feet.But a perk of being a renter is that your super or landlord is responsible for many of your apartment’s repairs, including clogged pipes. If you own your place, however, those things are pretty much all on you—to handle yourself or contact a professional to deal with.' Generally, a blocked drain will be handled by your landlord. Mostly they prefer you let them handle it as opposed to trying to deal with it yourself because you could potentially damage the pipes,” says J’Nell Simmons, CEO of LandlordsNY, a social network for vetted landlords and property owners that own and manage more than 1 million residential apartments across the city. Brick Underground,December 14, 2018Most New Yorkers can share stories of spats with their landlord. Whether they are sparked by erupting toilets or rainfall in the kitchen or more minor issues, it's rarely an easy relationship to navigate.
There’s an inherent imbalance between the tenant and the landlord.“You’re coming from two different points of interest,” says Jay Fox, content director of Landlords NY, “so there’s always going to be tension there.”There’s plenty at stake—your home, your security deposit, and possibly a reference letter for your next apartment. The best advice is to start the relationship on a good foundation, keep lines of communication open, build trust, and sometimes just suck up the small stuff.1) Pick a good landlordWhen you’re apartment hunting, consider an assessment of the landlord as part of your decision process. Teresa Stephenson, a broker at Platinum Properties, says, “You can often get a tenor of the landlord just through the application process.” She recommends. NTDTV.com,September 30, 2016LNY Contributor and staff member Cassy Yuen speaks with New Tang Dynasty Television about LandlordsNY services for Landlords and property managers. LandlordsNY offers Concierge Service available for all owners in many languages such as Chinese, Spanish, French, Russian, Hebrew, Japanese, etc. Concierge service gives owners immediate access to DHCR, HPD, and Property Mgmt Advisors on any question they may have. Join LandlordsNY to sign up for Concierge Services and connect with thousands of fellow landlords & managers.
Mann Report Management,June 02, 2016J'Nell Simmons is the executive director at LandordsNY, the social network for landlords and property managers, which is free to those who own or manage property as a business.How long have you been in the business?My company LandlordsNY, the social network for landlords and property managers, launched four years ago.What Attracted you to the business?I entered the real estate industry from a different angle than most. As an entrepreneur with a background. Twilight saga ita pdf indonesia pdf creator. The News Funnel,October 01, 2013'As the only full-scale real estate expo geared toward real estate professionals, over 3,000 CRE representatives were in attendance. According to Holly, 'I was in awe of how many innovative tech companies were there, especially startups! The energy in the room was overwhelming and we left feeling encouraged and motivated. The turnout was great and I look forward to attending the next NYC Real Estate Expo.' We spoke to LandlordsNY Executive Director top hear her thoughts.
NYREJ,November 01, 2012As a landlord or property manager it's an ongoing challenge to run a successful, efficient business in a complex market like New York. Many landlords often say it feels like every day of the year a new law or regulation comes out from the city or state.
A problem for many landlords is that short of having a large circle of close friends or family in the real estate business to turn to for guidance, landlords and managers are left trying to process these new laws/regulations on their own. Get answers when you need them.This service gives members instant access to LNY in house DHCR, HPD, and Property Management Counselors for immediate help when you need it.Our concierge service offers unlimited access & guaranteed response time.Just like a concierge at a hotel who knows how to guide guests and to remove some of the uncertainty of trying something new, our staff counselors goal is to provide information and guidance to landlords and to take much of the uncertainty out of owning and operating a property in New York.