When evaluating improvements for rental property, the smartest choices are both strategic and marketable. Landlords often face the same challenges as homeowners, such as budget limitations and cash flow concerns. Fortunately, improvements that increase the value of rental properties are…
By now, you’ve no doubt heard about the Climate Mobilization Act. Dubbed New York City’s Green New Deal, the legislation seeks to reduce greenhouse gas emissions by more than 80% as of 2050. Many of the laws passed to support…
As a building owner, even if you don’t own a company car, you may need special auto coverage on your commercial property insurance. Two forms of auto coverage are available: non-owned auto and hired auto. The first covers vehicles owned…
As a landlord or rental property manager, deciding on updates to attract new renters can be difficult—especially now, with higher costs for both labor and materials. Property improvements like plumbing and HVAC upgrades don’t photograph well for thumbnails on online…
Owning and renting properties can be a lucrative business endeavor but remains a serious undertaking, regardless of location. An overwhelming amount of time and energy often goes into learning the ins and outs of a constantly evolving market. As a…
If your building is a rental property, then a standard homeowner or building insurance policy may not offer adequate protection. That’s where landlord insurance comes in. Rental properties face different risks than primary residences and are treated differently by insurance…
Clients frequently ask us whether security cameras in their buildings will reduce their insurance premiums. Unfortunately, the answer is “no.” The sad fact is that too many business owners have tried to cut corners with fake security cameras, or by…
As discussed in previous articles, landlord insurance is a different animal than homeowner insurance. New York City building owners have different needs, as well as different options, than their counterparts in other cities. When shopping for insurance, it’s important to…
As a building owner, you want to keep your building and your tenants safe. But in a world of increasing crime rates, it can be difficult. Many things can happen, both in and around your building. Luckily, you can take…
You’ve decided it’s time to sell your commercial building. Whether you own an apartment building, office space, an industrial/manufacturing facility, or some other commercial property, follow these tips to maximize your return and avoid extra stress and delays in the…