Property Management News

As someone who's rented apartments in New York City for nearly 10 years, I used to see landlords as the enemy—heartless tyrants who bleed tenants of their paychecks, drag their feet on making repairs, and generally abuse their power to unduly fatten their own coffers. Well, guess what? My attitude all changed once I became a landlord myself. After selling our small condo to find something with more space for our growing family, my husband and I ended up purchasing a two-family home, figuring that the steady rental income could be easy money. "What could possibly go wrong?" we thought as we made an offer on the home that was soon accepted. Then I began searching...Read more >

An unknown apartment hazard could end up causing injury to residents. Experts weigh in on how to keep your building safe and limit your own liability. A loose board on a stairway, an exposed wire, a leaky ceiling: each has the potential to cause serious injury to a resident of or visitor to a multifamily property and lead to costly judgments against the property owner. To recover against the property owner in most jurisdictions, plaintiffs must prove that (1) the defendant had actual or constructive knowledge of the hazard, and (2) the plaintiff lacked knowledge of the hazard despite the exercise of ordinary care. The basis for the owner’s liability is the owner’s superior...Read more >