EJS Equities LLC

Navigating NYC’s XRF Testing Requirements: What Property Managers Need to Know As property managers in New York City, staying ahead of regulatory changes isn’t just good practice—it’s essential for protecting tenants, avoiding costly penalties, and keeping your portfolios compliant. One of the most pressing compliance topics today is the city’s XRF testing requirements for lead-based paint, driven by Local Law 31 and its recent amendments. If you manage pre-1960 buildings (or certain post-1960 properties), this is a deadline you can’t afford to miss. Let’s break it down. What’s XRF Testing, and Why Does It Matter? XRF stands for X-ray Fluorescence—a non-invasive technology that detects lead in paint, even beneath multiple layers, without damaging surfaces. It’s fast, reliable, and the gold standard for identifying lead hazards in residential buildings. In NYC, this testing is mandated under Local Law 31, enacted in August 2020, which requires all dwelling units in pre-1960 buildings—or those built between 1960 and 1978 with known lead issues—to be inspected by August 9, 2025. If a child under six spends significant time in a unit (10+ hours per week), that timeline shrinks to one year from when they start residing there. But the rules don’t stop there. Local Law 111 of 2023 expanded the scope to include common areas—think lobbies, hallways, and stairwells—with the same August 2025 deadline. Meanwhile, Local Law 122 adds a record-keeping layer, requiring annual notices and investigation records starting September 2024, plus submission of all XRF testing records to the Department of Housing Preservation and Development (HPD) by next August. Non-compliance? Expect Class C hazardous violations and fines ranging from $1,000 to $5,000 per instance. The Stakes Are High—But So Are the Opportunities Lead exposure remains a serious health risk, especially for young children and pregnant women. NYC’s push to tighten these regulations reflects a broader commitment to tenant safety, and as property managers, we’re on the front lines of making that happen. Beyond compliance, thorough XRF testing can open doors to exemptions—either “lead-free” (no lead detected) or “lead-safe” (lead encapsulated or abated)—which can reduce ongoing monitoring costs and headaches. For units already exempt under the old 1.0 mg/cm2 threshold, note that those exemptions hold until turnover, but new tests must meet the stricter 0.5 mg/cm2 standard. How We’re Helping Our Clients Stay Ahead At EJS Equities, we’ve been proactive about this. We partner with EPA-certified inspectors to schedule and oversee XRF testing, ensuring every unit and common area meets the deadline. We’re also streamlining record-keeping—those reports need to stick around for 10 years, and we make sure they’re organized and accessible for HPD audits. Plus, we guide clients through exemption applications where applicable, turning a regulatory burden into a strategic advantage.

Reminder: Bedbug Filing Deadline Approaching As we approach the end of the year, it's crucial for all landlords and property managers of multiple dwellings in New York City to be aware of the annual Bedbug Filing Requirement. Here’s what you need to know: Why It Matters: Bedbugs are a significant issue in urban environments like NYC. Compliance with Local Law 69 of 2017 not only helps in maintaining the health and safety of your tenants but also keeps you in good standing with regulatory bodies. Deadline: The annual bedbug report must be filed between December 1st and December 31st. This report covers the infestation history from November of the previous year through October of the current year. What You Need to Do: Gather Information: Collect data on any bedbug infestations and eradication measures taken in each unit over the past year. File the Report: Use the HPD’s online portal to submit your report if you're a registered owner or managing agent. Provide Proof: After filing, you must either distribute the filing receipt to your tenants with each new lease or renewal, or post it in a prominent location within the building. Consequences: Failing to file this report can result in violations from the NYC Department of Housing Preservation and Development (HPD), which could lead to fines and other regulatory actions. How We Can Help: At EJS Equities, we understand the intricacies of NYC property management. Our team is ready to assist you in compiling the necessary information, filing the report accurately, and ensuring compliance. Let's work together to keep our properties safe and compliant. If you have any questions or need assistance, feel free to reach out or comment below. #BedBugCompliance #NYCPropertyManagement #LandlordResponsibilities #HPDReport #RealEstateManagement

Attention NYC Property Owners: A new era for building safety began on January 1, 2024, with Local Law 126 mandating annual parapet inspections for all buildings facing public spaces. Here's what you must know: Inspections Required Annually: Reports are due by December 31st each year. Qualified Inspectors Only: Ensure your parapets are checked by professionals who can identify potential hazards. Record Keeping: Inspection reports must be preserved for six years, available for NYC DOB upon request. Immediate Action on Unsafe Conditions: If a parapet is compromised, protective measures must be taken immediately, with corrections within 90 days. At EJS Equities, we're proactive: Ahead of the Curve: We began preparing for these inspections well before the law's effective date to ensure our properties were in compliance. Expert Coordination: Our team of experts will handle the scheduling and execution of these inspections with precision. Comprehensive Service: From inspection to potential repairs, we offer a full-service solution, keeping your property safe and up to code. Stay ahead with EJS Equities. Let us manage your parapet inspections to keep your property compliant, safe, and secure. Reach out for a consultation today. #NYCBuildingRegulations #EJSOnTop #ParapetSafety #PropertyManagementExcellence

?? Navigating NYC's New Rent Rules with EJS Equities ?? Big news for NYC property stakeholders! New rent regulations are here, and they're shaping the future of real estate: - Lease Renewals: Expect a 2.75% hike for 1-year leases and 5.25% for 2-year leases starting October 2024. - Stabilization Laws: Extended to 2027, ensuring more units stay affordable. - Vacant Units: A significant 49% increase in rent for newly vacated, stabilized apartments. - Legal Watch: Over 300 units reclaimed as rent-stabilized, showcasing enforcement in action. EJS Equities is your compass in this regulatory landscape, turning complexity into opportunity. Let's discuss how these changes can work in your favor. #NYCRentUpdate #RealEstateLaw #EJSInsights #PropertyManagement

?? New Law Alert: Understanding the Good Cause Eviction Law in NYC In April 2024, the New York State Legislature passed a significant amendment to Article-6A of New York’s Real Property Law—the newly named “Good Cause Eviction Law.” This law introduces new protections for tenants, making it crucial for NYC landlords to fully understand its implications. Under this law, landlords must now provide a legally valid reason—or "good cause"—before they can evict a tenant. Acceptable reasons include non-payment of rent, violation of lease terms, or the landlord’s intention to use the property for personal use. However, evictions for reasons like raising rent without cause are now more restricted. Why does this matter for you as a landlord? This law changes the landscape of tenant relations and requires careful consideration of how you manage lease renewals and rental agreements. Ensuring compliance is key to avoiding legal complications and maintaining a positive relationship with your tenants. At EJS Equities, we’re dedicated to helping landlords navigate these changes smoothly. If you need guidance on how this new law affects your property management strategy or assistance with compliance, we’re here to support you. Stay informed and prepared—reach out to us for more details on how the Good Cause Eviction Law impacts your property. #NYCRealEstate #PropertyManagement #EJSEquities #GoodCauseEviction #LandlordTips #LegalUpdates #TenantRights #RealEstateLaw #EvictionProtection #NYRealEstate #PropertyCompliance #LandlordLaws #RealEstateUpdates #PropertyManagementNYC #RentalMarket #PropertyInvestment #LandlordResources #NYCPropertyOwners #RealEstateCompliance #GoodCauseEvictionLaw #NYCPropertyManagement

??? New Law Alert: NYC’s Short-Term Rental Regulations Are Tightening Up! ?? Big news for NYC property owners—starting September 5th, 2024, the city's new short-term rental law (Local Law 18) will drastically change the game for platforms like Airbnb. Hosts must now register with the city, and properties can only be rented out if the host is present and for a maximum of two guests. This law is part of the city's effort to curb illegal short-term rentals and ensure compliance with zoning regulations. ???? For landlords, this means adapting to stricter regulations and potentially reevaluating their rental strategies. At EJS Equities, we’re already working with our clients to navigate these changes, ensuring their properties remain profitable and fully compliant. Whether it's transitioning to long-term rentals or optimizing your property management approach, we've got you covered. ???? Let’s talk about how these new regulations might affect your investments and what steps we can take to protect your rental income. Being proactive today means avoiding headaches tomorrow. ??? #NYCRealEstate #PropertyManagement #EJSEquities #ShortTermRentals #LocalLaw18 #Airbnb #RealEstateRegulations

Attention NYC Landlords: Stay Compliant with New HPD Lead-Based Paint Requirements** Starting from 2020, New York City has ramped up its regulations to ensure safer living environments, especially for our youngest residents. If your property was built before 1960—or even before 1978 in some cases—there are important updates you need to be aware of: ?? Mandatory XRF Inspections: NYC Local Law 31 now requires X-ray fluorescence (XRF) inspections to detect lead-based paint in properties where children under six reside. This isn’t just a one-time check. ?? When? - Every 5 Years: If a child under six lives in the unit. - At Tenant Turnover: Each time a new tenant moves in, regardless of age. Compliance is crucial not only for the safety of your tenants but also to avoid potential fines and legal complications. Ensure that these inspections are conducted by an EPA-certified inspector or risk assessor to meet HPD requirements. At EJS Equities, we’re here to help you navigate these regulations and maintain a safe, compliant property. Reach out to learn how we can support your property management needs! #NYCRealEstate #PropertyManagement #LandlordTips #Compliance #LeadSafety #EJSEquities

?? Stay Cool and Compliant: Understanding the New AC Bill in New York?? Attention, New York landlords and property managers! ???? New York is taking significant steps to ensure tenant comfort during the hot summer months with the introduction of a new AC bill. As a property management company committed to staying ahead of regulatory changes, EJS Equities wants to keep you informed about what this means for you and your properties. ?? What is the AC Bill? The proposed bill mandates that landlords must provide and maintain air conditioning units in all rental properties. This is part of a broader initiative to improve living conditions and tenant satisfaction across the city. ?? Implications for Landlords: - Installation Requirements: Landlords will be responsible for installing AC units in all occupied rental units. - Maintenance Standards: Regular maintenance and prompt repairs will be required to ensure units are in good working condition. - Compliance Deadlines: Specific deadlines for compliance will be set, making it crucial to act swiftly. ?? How EJS Equities Can Help: Navigating new regulations can be challenging, but you don't have to do it alone. Our team is dedicated to helping landlords like you remain compliant while ensuring tenant satisfaction. We offer: - AC Installation Coordination: Partnering with reliable contractors to install units efficiently. - Maintenance Services: Scheduled maintenance and repair services to keep your AC units running smoothly. - Regulatory Guidance: Staying updated with the latest legislative changes to keep you informed and prepared. ?? Get in Touch: If you have questions or need assistance with the new AC requirements, contact us today. Let's ensure your properties remain cool, compliant, and comfortable for your tenants. --- Stay proactive, stay informed, and let EJS Equities be your partner in navigating these changes. #PropertyManagement #RealEstate #NewYork #TenantComfort #Regulations #EJSEquities #LandlordTips #ACBill

???Navigating New York's Rent Regulations With the complexities of rent stabilization laws in New York, having a knowledgeable property management partner is crucial. EJS Equities specializes in managing rent-stabilized units, ensuring compliance and optimizing returns. Let us handle the regulations so you can focus on your investments. #RentRegulations #NYRealEstate #PropertyManagement #EJSEquities

???New York Real Estate Market Insights The New York real estate market continues to evolve, with increasing demand for rental properties. At EJS Equities, we're committed to staying ahead of these trends to ensure our clients maximize their investments. Discover how our expertise can help you navigate this dynamic market! #RealEstate #NYC #PropertyManagement #MarketTrends