Owners of residential apartment buildings in New York City have certain landlord responsibilities for maintenance and safety. Many of these responsibilities are outlined in multiple codes and laws, including the New York City Housing Maintenance Code (HMC) and New York…
Do you have the right amount of insurance coverage for your needs? From time to time, we speak with building owners whose properties are drastically underinsured. They pay lower premiums but receive an unpleasant surprise if they have a claim.…
Building ownership, particularly for landlords, comes with inherent risks of loss. That’s why it’s especially important for owners of rental properties to have liability insurance as part of their risk management strategy. Beyond insurance, this article offers other best practices…
It’s the nightmare of most landlords and co-op and condominium boards: someone trips and falls on their property, and the legal, medical, and insurance costs skyrocket. But what if the trip-and-fall claim turns out to be bogus? Recently, the FBI…
Landlords have a lot on their plates these days. With tougher times than ever to serve predicate notice of defaults, greater lag times in court for eviction proceedings, hardships faced by tenants in possession, and all the rest, they still…
Many landlords and building owners shop for cheap commercial property insurance. Reducing insurance costs is a good thing. In fact, we constantly look for ways to save our clients money. But cutting corners to lower insurance premiums could lead to…
Your breaker panel is supposed to keep your home safe by guarding against serious electrical problems, such as: Circuit overloads Short circuits Outside power surges But sometimes your breaker panel itself is the danger. According to experts, more than 2,800…
There’s not much excitement for most landlords, property managers and building owners when it comes to routine housekeeping and maintenance. But there’s an excellent reason why you should care about housekeeping and maintenance: your insurance company does. And so do…
There’s always a to-do list when it comes to landlord property maintenance, whether you own a multi-family brownstone in Park Slope or an apartment building in Astoria. Something always needs repair, replacement, cleaning or disposal. Yes, your tenants care about…
Owners of apartment buildings and brownstones can lower their insurance premiums by creating a building profile for the insurance company. Simply, this document presents the building in the most favorable way, ultimately demonstrating that the property poses a relatively low…