NYC Housing的动态

Property Industry Eye reports on the latest figures from Ministry of Justice UK that show an increase in delays it takes to gain possession of a #rentalproperty. Paul Shamplina of Landlord Action points out that a shortage of bailiffs is a principle cause. #landlords #lettingagents #propertymanagers #propertymanagement #evictioncrisis https://lnkd.in/eEJw6R-h

Recent debates and court rulings on broker fees in New York City have brought great concern for possible broader implications applied to other rental markets nationwide. The quickly overturned and highly questionable mandate requiring landlords to pay all brokers fees underscores that government should not interfere with private market negotiations. Commissions reflect the individual efforts and expertise of real estate agents in navigating complex transactions. Agents must be provided with the liberty of working to create deals without needless restrictions. Restrictive policies harm housing supply, and increasing production and consumer choices is key to lowering prices and encouraging landlords to pay broker fees. As Massachusetts legislators move to mandate the responsibility of paying the broker's fee falls upon the landlord, it's imperative to call and message your legislators to ensure poorly thought out policies don't get passed. Thomas Macdonald does a great job of breaking down the lessons we can learn from NYC, and how to do better in Boston. Please let me know your thoughts in the comments. #BostonApartments #BostonRealEstate #BrokerFees #MALegislature #HousingSupply #Landlords #Renters #RealEstateAgents #MostListings #MostApartments #MostKeys #MostData #MostLeads #MostDeals #MostTrusted #BostonPads

As New York City’s housing crisis deepens, the City Council’s proposed Intro 360 bill seeks to ban broker fees for renters. While advocates argue this change could make housing more accessible, many experts caution that it may have unintended negative impacts on the rental market, reducing inventory and increasing costs for both tenants and landlords. Although a broker fee ban may sound appealing, in practice, it may place landlords in a challenging position. For non-rent-controlled units, landlords may raise rents to cover the lost fees, effectively passing costs to tenants. In rent-controlled settings, alternate charges or hidden fees could emerge as property owners struggle to stay profitable. This risks straining an already delicate housing ecosystem where small landlords, who play a key role in housing stability, face rising costs and tighter regulations. According to the Community Housing Improvement Program, many small landlords are already financially stressed, with some unable to meet mortgage payments. This bill could lead to reduced housing availability, deferred maintenance, or even increased slumlord activities, as property owners exit the market or sell to less reputable investors. The approach could lead to an underground market, where tenants may end up paying informal “finder’s fees,” making transparency and regulation more difficult—a scenario seen in over-regulated markets like Detroit, which suffered from reduced property standards and landlord attrition. Moreover, a fee ban risks discouraging real estate professionals, who are vital in advocating for fair housing, ensuring compliance with housing laws, and matching tenants with appropriate homes. New York City’s complex rental market already offers no-fee options for those wanting to avoid broker fees, which reflects a balanced approach within a free-market system. Overhauling this with added regulations could erode trust and flexibility within the industry. As housing shortages continue, initiatives like Intro 360 highlight the need for policies that consider long-term impacts rather than short-term fixes. Advocates for sustainable reform suggest exploring incentives for landlords and developers to maintain affordable units rather than punitive measures that might inadvertently reduce housing options. #HousingCrisis #Intro360 #AffordableHousing #RealEstatePolicy #NewYorkCity #HousingRegulation #RealEstateProfessionals NYC Office of the Mayor New York City Council Office of the New York City Public Advocate Dr. Yusef Salaam https://lnkd.in/eBbs2crg

New York City Council Member Chi Ossé is spearheading a renewed effort to shift broker fees away from renters through proposed legislation, the Fairness in Apartment Rental Expenses Act (Intro 360). Set for City Council consideration, this bill aims to make the party who hires the broker responsible for the fees, a significant change from the current practice where tenants often shoulder these costs. The fees, ranging from one month’s rent to 20% of the annual rent, are a notable barrier for many New Yorkers, especially amid the city's ongoing housing crisis and a low 1.4% vacancy rate. The legislation has sparked a heated debate, galvanizing both supporters and opponents ahead of its Wednesday committee hearing. Over 1,500 real estate professionals plan to rally against the measure at City Hall, while tenant rights and housing advocates are also mobilizing in support. With 32 co-sponsors, the bill is nearing a veto-proof majority, bolstered by endorsements from over 30 advocacy groups and unions, including the New York Working Families Party and the New York State Nurses Association. Ossé has actively campaigned on social media to garner support, emphasizing that tenants should not have to pay broker fees unless they choose to hire one. Despite this, the Real Estate Board of New York (REBNY) strongly opposes the bill, arguing it will lead to higher rents as landlords incorporate broker fees into annual costs and reduce transparency by taking listings off public platforms. Douglas Wagner of Bond New York echoed this concern, stating, "The consumers won’t be able to find it on public listing aggregators like Zillow or Trulia or Realtor, apartments.com – they’ll have to hire a broker just to find out what’s available." Mayor Eric Adams, reflecting on his experience as a former real estate agent, has urged careful consideration of the bill's potential impacts, highlighting the clash between idealism and realism in altering industry practices. #NYC #HousingCrisis #TenantRights #BrokerFees #RealEstate #ChiOssé #Intro360 #REBNY #AffordableHousing #CityCouncil #HousingPolicy #Collaboration #NYCCouncil #AdrienneAdams #MayorAdams #NYCRealEstate

Here's all you need to know ?? Buying a home in a community with a homeowners association (HOA) is a common choice these days. Over 30% of US housing falls under HOA rules. As your trusted top Portland realtors, we @wildwoodrealtypdx are here to shed a light on key considerations around HOAs! (There are some definite upsides, but note that there are also pitfalls you need to watch out for.) ?? The Upside of HOAs Enhanced community aesthetics and maintenance Shared amenities like pools, gyms, and trails Added security through gated entries and patrols Dispute resolution support for neighbor conflicts ?? The Downside Risks Unexpected special assessments for repairs/upgrades Uneven enforcement of rules, leading to frustration Broad legal powers that can include property liens Strict limitations on personal freedoms like landscaping/renovations The bottom line is that each HOA is unique, with its own quirks buried in the ??????????????????, ????????????????????, ?????? ???????????????????????? (????&??) — and it's important to partner with a trusted realtor to help you review the fine print and identify potential red flags! ?? When you work with us, we'll thoroughly review the HOA's CC&R documents to understand the fees, rules, and restrictions, identify any potential issues or limitations that could impact your homeownership experience. ?? We'll also connect you with specialized legal and HOA experts to get insights and ensure you have complete clarity on what you're signing up for before buying. Consult our licensed broker today to get started ?? Amy Munsey ??971-258-5500? ??[email protected] #pdxnow?#pdx101?#pdx?#portland?#portlandor

Can it only be a month ago when the UK welcomed a new government into office? In a matter of weeks, the issue of #housing saw new faces, policies and statements of intent, but in this article our Head of Property Lettings & Revenue, Gina Peters, highlights that true change will only come from action. #landlords #landlordsuk #lettingagents #lettingsuk #rentalproperty #tenants #investmentproperties #RentersReformBill #RentersRightsBill

I'm sure all of my real estate folks have heard about the FBI raid on Real page... If I've said it once, I've said it 1,000 times... supply is a painful symptom, but not the core problem. There is an 'interest alignment' issue that must be first addressed. If you read up on the case, this case is especially nefarious, because the addition of more supply actually promoted higher prices - wild. #haab #housingasabenefit #benefits #housing https://lnkd.in/gxZVVsHd

Cleveland has introduced new regulations for residential landlords, requiring property owners residing outside Cuyahoga County to appoint a Local Agent in Charge. KJK's Jeff Vaisa and James Scherer analyze these new requirements: https://hubs.li/Q02Zr3bg0 #KJKLaw #ClevelandResidentsFirst #LocalAgent

LA’s New Tenant Protection Fee – Why Professional Property Management Is Important. Starting January 2025, LA landlords will pay a $31 annual fee per rental unit to fund tenant protection enforcement. At Earnest Homes, we ensure landlords stay compliant while fostering strong landlord-tenant relationships. As regulations evolve, we’re here to navigate these changes seamlessly. Learn more: https://lnkd.in/gcVn_6tz #PropertyManagement #RealEstate #TenantProtection

The ongoing debate surrounding the proposed broker fee bill in New York City continues to intensify as the measure advances within the City Council. Introduced by Councilmember Chi Ossé, the bill seeks to shift the burden of paying broker fees from tenants to landlords, fundamentally altering the landscape of NYC’s real estate market. Currently, tenants often face fees amounting to 15% of annual rent, a cost largely unique to the city. Ossé’s bill aims to require the party that hires the broker, typically the landlord, to cover these costs. Despite significant pushback from the real estate industry, including prominent brokers and firms such as Brown Harris Stevens and Corcoran, the bill has garnered support from 33 council members, signaling potential passage. Real estate professionals have expressed concerns about the impact on their livelihoods, arguing that landlords may simply pass the fees onto tenants through rent hikes. However, Ossé and his supporters maintain that rent levels are dictated by market forces, which already have New York City rents at historic highs, leaving little room for further increases. While the bill’s fate rests with City Council Speaker Adrienne Adams, who has not yet taken a public stance, it appears to be moving towards a vote. New provisions, including tenant protections and enhanced enforcement measures, have been added to the bill, suggesting a deliberate effort to address concerns. If passed, the legislation would not only represent a significant shift in real estate transactions but also challenge the influence of the Real Estate Board of New York (REBNY), which has aggressively lobbied against it. The bill also faces potential legal challenges, as REBNY has previously taken similar actions to block tenant-friendly regulations. Mayor Eric Adams, who has maintained a pro-real estate stance, has expressed a desire to find a middle ground, though his willingness to veto the bill remains uncertain. The council, however, has shown its ability to override mayoral vetoes, having done so three times in the past year. With the City Council leaning towards passage, this bill could reshape how residential real estate transactions are conducted in one of the world’s most expensive cities. #NYCRealEstate #BrokerFeeShift #TenantRights #LandlordFees #CityCouncilNYC #ChiOssé #REBNY #RealEstateReform #AffordableHousing #RealEstateIndustry #RentalMarket #PolicyChange https://lnkd.in/e82a4zgg