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S&D Residential and Commercial Real Estate Blog

How to Approach and Win your Next Lease Renewal Negotiation

Posted by Collin McGorty on Oct 18, 2017 9:00:00 AM

As your lease comes to an end, you must decide whether or not you’re going to renew for a longer period of time. If you’re like most renters, that decision will depend on a multitude of factors. In the case that a monthly rent increase is out of your means, you should not have to abandon an apartment or home that you love just like that. You must first learn how to approach your next lease renewal negotiation like a professional!

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Topics: leasing tips, Renting, Leasing Apartments, rental property

Smart Ways for Landlords to Deal with and Avoid Bad Tenants

Posted by Collin McGorty on Aug 23, 2017 10:00:00 AM

As a landlord, you’re regularly required to deal with tenants. Most of the time, they’re respectful, pay their rent on-time and cause minimal disruption, but not always. In some cases, you will have flat out bad tenants that are having a negative effect on your property and the other renters. This may seem like a nightmare situation, but there are certainly some steps you can take to fix and even prevent it altogether.

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Topics: lease terms, lease agreement, Renting, landlord, rental property

How to Run a Rental Property that Turns a Profit

Posted by Collin McGorty on Jul 26, 2017 10:00:00 AM

Real estate investments are a tricky business. While they might eventually reap profits, it often takes years for their value to appreciate and for the owner to receive a significant return-on-investment. In the meantime, some owners have created a cash flow by renting out space in their properties to qualified tenants and collecting rent. Whether its commercial or residential real estate, savvy landlords can turn insane profits if they can successful manage their rental property and address tenants’ needs.

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Topics: renting commercial real estate, Renting, vacation rentals, landlord, rental property

Rental Scams: The Tell-Tale Signs to Look out for and Avoid

Posted by Collin McGorty on Jun 7, 2017 10:00:00 AM

Trying to find the right rental property can often become a stressful, difficult and time-consuming process. Sometimes, the overwhelming desire to find the best property will cloud your judgment and prevent you from realizing that you’re getting ripped off in the form of rental scams. Therefore, here are a few obvious signs that a rental property may not be as legitimate as it seems.

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Topics: Renting, rental property, real estate investing, rental scams

The Merits of Becoming a Landlord

Posted by Collin McGorty on Sep 20, 2016 4:35:12 PM

With rent prices peaking and the value of homes quickly rising, there has never been a more lucrative time to become a landlord. To many people, owning a rental property might seem like a prime opportunity for a steady income. However, there are plenty of other responsibilities and expenses that factor into the equation.  If you’re interested in becoming a landlord, here are some things to keep in mind.

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Topics: long island commercial real estate, rental property

Easy Ways to Cut Expenses when Owning Rental Property

Posted by Collin McGorty on Jul 15, 2016 10:00:00 AM

Owning rental property is usually a sound financial investment. Besides all the money you’ll save by becoming your own landlord, there are still costs and expenses that people never even think of when they take on this responsibility. But if you have the right knowledge to make informed financial decisions, it won’t be difficult to yield a lucrative return on interest. When it comes to owning rental property, just follow these tips and you’ll be saving money in no time.

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Topics: Renting, Finance, Mortgage, investment property, Summer, rental property

Smith & DeGroat Real Estate

Find helpful blogs of both residential and commercial real estate on Long Island. For more questions, feel free to contact us at info@sdnyrealty.com

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