In NYC, different types of properties have different rent, rules, regulations, zoning laws, specifications, and restrictions. In Manhattan, the average rent of a 4-bedroom rental unit is $9,000 as compared to $3,479 for a studio. Similarly, the rules and regulations of renting both properties are different. To abide by the rules and regulations and to […]
Renting an apartment requires sound financial planning, a strong credit score, and an excellent rental history. Sometimes, it requires a guarantor who also takes responsibility for any default in payment made by the tenant. As the rent in NYC is rising daily, the need for a guarantor is also rising. At present, the Average rent […]
Property management in the USA is a vast market with a value of $81.52 billion. The market comprises various segments that include overseeing residential properties, commercial properties, and business assets. The segment dealing with managing assets is generally referred to as asset property management. It ensures that the assets of the property are in good […]
Tenant improvement allowances are the benefits offered by a landlord to the tenant for renovating or modifying commercial properties. As commercial property prices are rising day by day, the need for tenant improvement allowances is increasing. The average price per sq. ft. for an office is $37, the retail outlet is $23, and the industrial […]
Property management and maintenance are pretty tricky but necessary tasks. The property management market value is $81.52 billion and increasing with a CAGR of 3.94%, allowing the landlord to enhance return on investment. The landlord is responsible for every task related to the property, such as management, maintenance, and tenant management. However, when they hire […]
Prorated rent is the rent paid by a tenant for the time, duration, or days for which they stayed in a property. It is a useful concept in short-term rentals or when a property is rented between the months. It allows the tenant to avoid overpaying for a property while enabling the landlord to prevent […]
The property management market is a vast market with a value of $81.52 billion. It is generally anticipated that the market is one of the fastest-growing ones and will reach a value of $98.88 billion by 2029. In this market, property managers play a vital role in maintaining the smooth functioning and operations of the […]
The U.S. property management market is one of the toughest, most challenging, and fastest-growing markets. At present, it has a value of $81.52 billion and a growth rate of 3.94%. In this market, investors deal with two types of properties: residential and commercial. Residential properties are generally for living purposes, while commercial properties are for […]
Commercial vs. residential real estate has always been a debatable topic for investors. Both real estate properties offer investors an excellent opportunity to invest. However, which property is more suitable to invest in remains a question of interest. By the end of 2024, commercial real estate will have a value of $25.28 trillion with a […]
New York is a highly competitive and profitable real estate market. In August 2024, the median listing price of a home in New York was $799,000 with a per sq. ft. price of $825. The city offers various deluxe, affluent, cozy, and comfortable spaces to families. Here, a family can enjoy a high-class lifestyle with […]
