Tips for Landlords, Building and Home Owners
How to Choose Directors and Officers Liability Insurance
In our litigious society, association boards and property managers need to protect themselves against legal action. Consider the following examples of actual disputes: One association board spent $1 million defending…
Do Insurance Needs Change When the Mortgage Is Paid Off?
Congratulations! You’ve paid off your mortgage. Your mortgage payment probably included extra funds for property taxes and insurance. Of course, you’ll still have to pay taxes. But now that you…
Quiz: Test Your Fire Safety Knowledge
The Fire Department City of New York (FDNY) responds to more than 2,000 structural fires (those that occur in buildings) each month. Hopefully, you’ll never be involved in such an…
Request a Free Tree from the NYC Parks Department
Did you know that New York City property owners can request to have a free tree planted on their street? Among its many duties, the New York City Department of…
Does Your Insurance Policy Match the Property Deed?
Does the name on your insurance policy match the name on your property deed? This might sound like a trick question. Unfortunately, it’s a situation that we’ve encountered a couple…
Considerations for Finishing a New York City Basement or Cellar
While finishing a basement can expand a home’s living space, this home improvement project carries additional considerations in the five boroughs. Other blog posts address New York City requirements for basement…
A Move-in Checklist for NYC Area Landlords
Your tenant has signed a lease. The moving date is set. Now all you have to do is sit back and collect rent, right? There’s one more important step that…
How to Buy a Master Policy for Condos and Co-ops
The master insurance policy of a condo or co-op affects not only the property, but also individual residents. When buying insurance for a condo or co-op building, the managing entity…
NYC Homeowners Can Save on Water and Sewer Line Protection
While New York City maintains its water and sewage system, homeowners are responsible for the lines that run from the exterior of their property to the service lines in the…
It’s Property Registration Time for New York City Landlords
New York City’s Department of Housing Preservation & Development (HPD) requires annual property registration by owners of residential buildings that meet the following requirements: Multiple dwelling (3 or more residential…