Evictions are never easy, but it is a necessary part of property management. It’s never simple to settle on the choice to drive an individual from their home, however, there are conditions in which a tenure ends up untenable and landlords are forced to seek legal action to regain possession of a unit. One question …
What to do With a Tenant’s Possessions After an Eviction? Read More »
If a tenant is not paying rent, you can give them a written notice demanding that they pay the rent or leave the rental property. This is formally known as a Written Demand. A Written Demand must be given to the tenant in the same way as a Notice of Petition and Petition. You are …
Although cleaning or painting a water tank doesn’t sound like a complicated task, city law requires any cleaning, painting, or coating be done by a certified person or entity to ensure the water supply is not contaminated. Make sure you hire someone who is qualified to do the work!
If an investment property is sold or otherwise changes ownership, the landlord must do two things within five days of the transfer of ownership. Transfer all security deposits over to the new owner. Notify all tenants whom he or she has received a security deposit from, in writing, by certified or registered mail, of the …
What Happens to the Security Deposit If You Sell Your Property? Read More »
No. A landlord in the state of New York cannot charge a tenant a nonrefundable security deposit. In the state of New York, the security deposit is always considered the property of the tenant. The landlord is responsible for placing this deposit in a trust for the term of the lease or rental agreement.
For over 56 years, McGrath Companies have prodly served the Hudson Valley. Management, Brokerage, Consulting and analysis are just a small scale of the services we provide. We help on all levels of development and aquisitions while finding ways to strategically maxime your investments. We are here to assist with any questions or concerns you …
McGrath Management’s Property Management Services Read More »
New York, NY, July 2018 – McGrath Management LLC, a property management company, has just recently announced the new update to their property management system to the more advanced and user friendly platform. This upgrade was slated to create an improvement in services and bring more convenience to all parties involved in the rentals, purchase and …
McGrath Management LLC Upgrades their property management system to Appfolio Read More »
