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Home · Articles posted by Debbie Snyder

Starting next month, Bronx tenants will have one extra tool in the fight against bad landlords, thanks to a newly passed piece of legislation from Assemblyman Jeffrey Dinowitz. The law would require that property owners complete court-ordered repairs to their properties within a maximum of 60 days. This comes after a nearly two-decade battle in honor…


Do you remember the last time you left home without your smartphone? Neither do I. We have integrated technology into almost every part of our daily lives. The average U.S. adult spends around three hours on their smartphones every day, from listening to music to scrolling through social media and streaming videos. Today, technology is changing…


Many renters are struggling to stay afloat amid the coronavirus pandemic, a pair of recent studies showed, putting increasing pressure on their landlords. About 1 in 12 renters — or 2.82 million households — missed, delayed, or made a reduced payment in September, according to the Mortgage Bankers Association, a trade organization. The percentage of…


As many real estate investors know, the most important factor for a property is “location, location, location.” Because of that, leading apartment REITs like Equity Residential (NYSE: EQR) and AvalonBay Communities (NYSE: AVB) have concentrated on owning apartments in the urban core areas of major gateway cities because these are the best locations. Thus, apartments are almost always in high demand, which…


The pandemic has driven gen-Z and millennials back home to live with parents or relatives— a trend that will negatively impact apartment demand, according to a new report from Marcus & Millichap. Unemployment has been the biggest driver of young adults moving home, but college closures have also had an impact. In April and May,…


Apartments in Phoenix are extremely popular right now and demand for them does not seem to be waning. The soaring interest in the Phoenix apartment market leaves potential investors with a few questions. Why is this happening? What are the specific areas that one should give attention to? Finally, how can you structure a deal…


In a year of immense uncertainty and volatility, the multifamily sector has remained one bright spot for commercial real estate investors. Multifamily property fundamentals have held up well, with rents deceasing by only .3 percent in September year-over-year, according to a Yardi Matrix report. While the outlook for hospitality, retail and even office remains cloudy, a recent CBRE report…


Decidedly weak quarterly earnings reports from major apartment real estate investment trusts this week paint a bleak picture for some of the largest urban rental markets. The coronavirus pandemic has caused thousands of apartment dwellers to seek safer, larger, single-family suburban homes, causing vacancies in high-rise rental buildings to spike. Equity Residential, whose portfolio consists mostly of…


As a landlord, you expect tenants to pay rent on time and take care of their space. In return, you have an obligation to be responsive and open with your tenants when they need something or when there’s a change in building or lease policies. When both parties uphold their end of the deal, it…


Lease Renewal: What You Need to Know  Every time the lease renewal period comes around, owners have to figure out whether they want to continue renting to the same person or want a new tenant. However, both choices have significant implications. Each can potentially cost you time and money. As such, it’s essential to carefully…

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