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New York Real Estate Experts Blog

Friday, August 29, 2014   /   by Rummy Dhanoa

What to do when tenant leave the rental or the property

Have you ever had a tenant leave in the middle of the night or the middle of an eviction?  Did you ever wonder what to do?

Basically when a tenant abandons the property, you do not need to file an eviction or wait for the sheriff.  You can change the locks.  As for the tenant's stuff, in most states you can simply toss it.  You should check your state or local law to see what your legal obligation is to store the items for the tenant.
HOWEVER...

If you are not certain whether the tenant has abandoned the property, you should not change the locks.  If you have the keys, you could enter the premises, but KNOCK FIRST.  Whether or not the tenant has abandoned is often a judgment call, looking at a combination of factors, such as:

Did the neighbors see them move?
Are the utilities shut off?
Did the tenant put in a change of address at the post office?
Is there any significant furniture left?
If you have access, are there sheets on the ...

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Thursday, August 28, 2014   /   by Rummy Dhanoa

The ‘Renter’s Trap’ and how to get OUT

 

In a recent press release, Zillow stated that the affordability of the nation’s rental inventory is currently much worse than affordability of the country’s home sale inventory. The release revealed two things: 



Nationally, renters signing a lease at the end of the second quarter paid 29.5% of their income to rent
U.S. home buyers at the end of the second quarter could expect to pay 15.3% of their incomes to a mortgage on the typical home

Furthermore, renters pay more than the average of 24.9% that was paid in the pre-bubble period while buyers actually pay far less than the 22.1% share homeowners devoted to mortgages in the pre-bubble days. 


Don’t Become Trapped
If you are currently renting you could get caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down payment. ZillowChief Economist Dr. Stan Humphries explains:
"The affordability of for-sale homes ...

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Tuesday, August 26, 2014   /   by June Quilantang

The Value of Seeing the Good In Everything

How can you be a more positive person?
Being a positive person doesn't happen by accident. In fact, it is sometimes very difficult to do… but it is completely worth it! Here are some quick tips that can help to eliminate negativity and highlight positive thinking.
 
 1… Stop talking badly about people
Talking badly about people is very negative. Even though they may never hear it, you will still be affected by it. It fills you with bad vibes and causes you to adopt a more ‘jaded’ view of people around you.
 2… Don’t be judgmental
Everyone is different, but that does not mean that you are better or worse than someone else. Judging people for being different from you in a negative light is very bad for your overall state of well-being. We should try to accept those around us and strive to treat them as well as we can.
 3… Smile often
It is often forgotten that a smile can make a huge diff ...

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Monday, August 25, 2014   /   by June Quilantang

New Blog Post

WHITE PLAINS, N.Y. -- Motorists are advised that the ongoing bridge work will close the northbound Bronx River Parkway between Tuesday, Aug. 26, through Thursday, Aug. 28, from 9:30 a.m.-3:30 p.m. from the Sprain Brook Parkway in Yonkers to the Westchester County Center (Exit 22) in White Plains.

All northbound Bronx River Parkway traffic in Yonkers  will be detoured onto the Sprain Brook Parkway, then to Central Park Avenue (NY 100) to White Plains.
Local traffic will have access to the northbound Bronx River Parkway at the following locations (between the Sprain Brook Parkway and Harney Road): Paxton Avenue, Elm Street, Scarsdale Road, Thompson Street and Leewood Drive.
Local northbound parkway traffic will be detoured at Harney Road to Scarsdale Avenue and East Parkway and re-entering the northbound parkway at Crane Road.
Northbound parkway will be open to traffic at Crane Road and all points north.

full article in this link
 

www.NYREEX.com ...

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The information appearing herein has not been verified by the Hudson Gateway Multiple Listing Service, Inc. or the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.

The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than eXp Realty - New York Real Estate Experts are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2019 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.