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S&D Residential and Commercial Real Estate Blog

Is Hiring a Property Management Company Really Worth it?

Posted by Collin McGorty on Apr 11, 2018 9:00:00 AM

Without any prior experience, managing an investment property will not come easy. Since there are certain laws and practices that you might be unfamiliar with, one wrong move can bring about serious legal and financial problems. However, when you hire a property management company to oversee your real estate, you can rest easy knowing that these problems are being taken care of by a professional.

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Topics: Property Management, Renting, landlord

Expert Tenant Screening Tips for Finding Quality Residents

Posted by Collin McGorty on Mar 21, 2018 9:00:00 AM

When you have a solid tenant, you never have to worry that your property is being damaged or that the rent isn’t going to be paid on time. The same cannot be said about an unruly renter. Not only could they jeopardize the condition of your investment property, they might also bother other people living in the building. To ensure that you always find the right occupants for your units, utilize these handy tenant screening tips.

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Topics: Renting, landlord, rental property

How Landlords can Successfully Manage a Multifamily Home

Posted by Collin McGorty on Jan 17, 2018 9:00:00 AM

As the owner and landlord of a multifamily home, there are several important responsibilities that you must take care of on a daily basis. Otherwise, if these concerns are not addressed in a timely manner, the condition of your property will gradually diminish, tenants will move out and you’ll lose business. To help ensure that you avoid this nightmare scenario, try practicing these proven tips.

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Topics: Property Management, Renting, Leasing Apartments, landlord, multifamily home

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

How Renters Rights can Protect Tenants and Properties

Posted by Collin McGorty on Feb 10, 2017 10:00:00 AM

As a tenant, there are certain rights that you are entitled to. Many landlords unfortunately neglect their responsibilities and the burden falls on the tenants, who may not be sure of what they are accountable for. To avoid this issue, check out all of the guarantees for tenants under renters rights.

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Topics: leasing tips, lease terms, Renting, landlord, renters rights

How to Win Your Next Real Estate Negotiation

Posted by Collin McGorty on Sep 30, 2016 9:30:00 AM

Sometimes during the real estate buying or renting process, you’ll hit a snag in negotiations and end up disagreeing on a price. Just because your offer was rejected, it doesn’t necessarily mean that you’ve lost all hope for the property. There’s a lot more you can do to remedy the situation. With that said, here’s some insight that could help you gain an edge in your next real estate negotiation.

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Topics: Buying, residential real estate, Tips, Renting, commercial real estate, real estate negotiation

Deciding if a Month-to-Month Lease is Right for You

Posted by Collin McGorty on Sep 21, 2016 9:30:00 AM

Typically, the vast majority of renters use the standard year-long contract when they’re leasing property. However, there’s also another option for paying your rent throughout your stay. Some people decide to utilize a month-to-month lease where they periodically reevaluate and decide to renew their contract throughout the year. Here are some useful things to keep in mind when deciding whether to keep your lease month-to-month or year-to-year.

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Topics: lease, Tips, Renting, landlord

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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