Finding the best insurance for a small condo or co-op building, especially if the building is self-managed, can be challenging. How do you know how much insurance you need? What types of coverage are critical to protect the residents and…
Several times a week, people ask us about the difference between an insurance agent and an insurance broker. Here's the short answer: An insurance agent represents a specific insurance carrier and has the power to bind a policy on behalf…
Once you've found the right commercial property coverage for your residential building, the final item you should consider is an umbrella policy, sometimes known as an excess liability policy. This type of insurance policy provides additional protection in the event…
Every landlord wants to find good tenants who pay their rent on time, treat the property with respect, and follow the rules established in the lease. Considering the many expenses associated with turnover (e.g., marketing, screening, vacancy-related rent loss, professional…
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 property owner or manager, you’re responsible in many ways for the safety and security of your tenants, as well as passersby. For instance, if someone slips and falls on a wet floor, icy sidewalk or uneven steps, you…
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…