New York Laws for Landlords.
Your Resource for laws affecting landlords in New York

(Information is updated daily)

New York Landlord Legislation

Below is a list of laws for landlords in New York. New resources, bills and articles are updated daily. You can also type in a Bill Number or Keyword in the search bar to find additional details on laws.

NY A05988 Imposes a fee on landlords who have residential dwelling units which remain vacant for a period greater than three months and deposits such fee into a fund to provide housing vouchers for homeless individuals.

Introduced Session

2021-2022 General Assembly

Summary
Imposes a fee on landlords who have residential dwelling units which remain vacant for a period greater than three months and deposits such fee into a fund to provide housing vouchers for homeless individuals.
Sponsors
Linda Rosenthal
Last Action
referred to housing
View Details
https://lawsforlandlords.com/bill/ny-2021-a05988/

NY S03084 Requires landlords to furnish each tenant either renewing or entering into a lease with a rider describing the rights and duties of landlords and tenants; further requires the rider to conform to the intent of section 5-702 of the general obligations law.

Introduced Session

2021-2022 General Assembly

Summary
Requires landlords to furnish each tenant either renewing or entering into a lease with a rider describing the rights and duties of landlords and tenants; further requires the rider to conform to the intent of section 5-702 of the general obligations law.
Sponsors
Andrea Stewart-Cousins
Last Action
REFERRED TO JUDICIARY
View Details
https://lawsforlandlords.com/bill/ny-2021-s03084/

NY S01041 Establishes a rent increase exemption for certain nonprofit organizations; provides a tax abatement for limiting rent increases on nonprofit organizations in a city of one million or more persons.

Introduced Session

2021-2022 General Assembly

Summary
Establishes a rent increase exemption for certain nonprofit organizations; provides a tax abatement for limiting rent increases on nonprofit organizations in a city of one million or more persons.
Sponsors
Jessica Ramos
Last Action
REFERRED TO
View Details
https://lawsforlandlords.com/bill/ny-2021-s01041/

NY A05521 Removes certain restrictions relating to the “immediate and compelling necessity” of the landlord on a landlord’s ability in certain New York city apartments which are rent stabilized or rent controlled to recover possession of a housing accommodation for his own personal use and occupancy or for the use and occupancy of his or her immediate family.

Introduced Session

2021-2022 General Assembly

Summary
Removes certain restrictions relating to the "immediate and compelling necessity" of the landlord on a landlord's ability in certain New York city apartments which are rent stabilized or rent controlled to recover possession of a housing accommodation for his own personal use and occupancy or for the use and occupancy of his or her immediate family.
Sponsors
Michael Fitzpatrick
Last Action
referred to housing
View Details
https://lawsforlandlords.com/bill/ny-2021-a05521/

NY A04379 Provides that in cities with a population of one million or more, a tenant or group of tenants, after proper notice to the landlord of the existence of a hazardous violation of housing codes and certification of the existence of such violation by the local agency charged with enforcement of housing codes, may contract for the repair of such condition and offset the price of such repair from his rental payments if the landlord fails to commence work to correct the condition within a certain period after notice is received.

Introduced Session

2021-2022 General Assembly

Summary
Provides that in cities with a population of one million or more, a tenant or group of tenants, after proper notice to the landlord of the existence of a hazardous violation of housing codes and certification of the existence of such violation by the local agency charged with enforcement of housing codes, may contract for the repair of such condition and offset the price of such repair from his rental payments if the landlord fails to commence work to correct the condition within a certain period after notice is received.
Sponsors
Daniel O'Donnell
Last Action
referred to housing
View Details
https://lawsforlandlords.com/bill/ny-2021-a04379/

NY S05105 Excludes tenant-shareholders in cooperative housing corporations from certain housing provisions, fixing certain unintended effects of the Housing Stability and Tenant Protection Act of 2019.

Introduced Session

2021-2022 General Assembly

Summary
Excludes tenant-shareholders in cooperative housing corporations from certain housing provisions, fixing certain unintended effects of the Housing Stability and Tenant Protection Act of 2019.
Sponsors
John Liu Alessandra Biaggi Leroy Comrie Anna Kaplan Liz Krueger Shelley Mayer Roxanne Persaud Luis Sepulveda Toby Stavisky
Last Action
REFERRED TO JUDICIARY
View Details
https://lawsforlandlords.com/bill/ny-2021-s05105/

NY S05387 Provides that no landlord shall deny access to a licensed professional engineer or licensed registered architect hired by any tenant or tenant association representing tenants of a multiple dwelling of six units or more for the purpose of conducting an inspection of a major capital improvement for which an application for a maximum rent adjustment has been filed by the landlord; provides that such inspection shall be conducted after notice to the landlord and during normal business hours; provides for the filing of such inspection report by such tenants with the New York city rent agency for consideration in such application’s determination.

Introduced Session

2021-2022 General Assembly

Summary
Provides that no landlord shall deny access to a licensed professional engineer or licensed registered architect hired by any tenant or tenant association representing tenants of a multiple dwelling of six units or more for the purpose of conducting an inspection of a major capital improvement for which an application for a maximum rent adjustment has been filed by the landlord; provides that such inspection shall be conducted after notice to the landlord and during normal business hours; provides for the filing of such inspection report by such tenants with the New York city rent agency for consideration in such application's determination.
Sponsors
Kevin Parker Luis Sepulveda
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
View Details
https://lawsforlandlords.com/bill/ny-2021-s05387/

NY A06825 Provides that all residential leases shall contain a detailed description of tenant’s statutory rights including among others, warranty of habitability, willful violation of lease, right to participate in tenants’ associations, no eviction for good faith complaint, utility payment offset and sublet rights; grants tenant the right to install extra locks; sets out landlord obligations with respect to heating and oil delivery.

Introduced Session

2021-2022 General Assembly

Summary
Provides that all residential leases shall contain a detailed description of tenant's statutory rights including among others, warranty of habitability, willful violation of lease, right to participate in tenants' associations, no eviction for good faith complaint, utility payment offset and sublet rights; grants tenant the right to install extra locks; sets out landlord obligations with respect to heating and oil delivery.
Sponsors
Rebecca Seawright Diane Richardson
View Details
https://lawsforlandlords.com/bill/ny-2021-a06825/

NY A05869 Establishes the lease and landlord fraud public awareness program to promote public awareness of the potential risks of signing a fraudulent lease with an individual misrepresenting themselves as a landlord.

Introduced Session

2021-2022 General Assembly

Summary
Establishes the lease and landlord fraud public awareness program to promote public awareness of the potential risks of signing a fraudulent lease with an individual misrepresenting themselves as a landlord.
Sponsors
Latoya Joyner Vivian Cook
Last Action
reported referred to ways and means
View Details
https://lawsforlandlords.com/bill/ny-2021-a05869/

NY S05708 Tolls the four year statute of limitations look back period on rent overcharges where the owner of a housing accommodation acts in a wrongful or fraudulent manner.

Introduced Session

2021-2022 General Assembly

Summary
Tolls the four year statute of limitations look back period on rent overcharges where the owner of a housing accommodation acts in a wrongful or fraudulent manner.
Sponsors
Leroy Comrie
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
View Details
https://lawsforlandlords.com/bill/ny-2021-s05708/

NY S05746 Provides a deceased tenants legal representative the option to terminate such tenants lease upon notice to the landlord.

Introduced Session

2021-2022 General Assembly

Summary
Provides a deceased tenants legal representative the option to terminate such tenants lease upon notice to the landlord.
Sponsors
Brad Hoylman
Last Action
REFERRED TO JUDICIARY
View Details
https://lawsforlandlords.com/bill/ny-2021-s05746/

NY S04050 Enacts the COVID-19 housing relief and recovery for all act.

Introduced Session

2021-2022 General Assembly

Summary
Enacts the COVID-19 housing relief and recovery for all act.
Sponsors
Julia Salazar Robert Jackson Alessandra Biaggi Jabari Brisport Michael Gianaris Brad Hoylman Zellnor Myrie Kevin Parker Jessica Ramos Gustavo Rivera Luis Sepulveda Jose Serrano
Last Action
PRINT NUMBER 4050A
View Details
https://lawsforlandlords.com/bill/ny-2021-s04050/

NY A00116 Prohibits certain regulations of the state division of housing and community renewal, for cities having a population of less than one million and towns and villages, from permitting an owner to refuse to renew a lease on grounds that the housing accommodation is sought for personal use or occupancy (i.e. use or occupancy by the owner or the owner’s immediate family); repeals provisions of the administrative code of the city of New York and of the Emergency Housing Rent Control Law which permit evictions for personal use and occupancy.

Introduced Session

2021-2022 General Assembly

Summary
Prohibits certain regulations of the state division of housing and community renewal, for cities having a population of less than one million and towns and villages, from permitting an owner to refuse to renew a lease on grounds that the housing accommodation is sought for personal use or occupancy (i.e. use or occupancy by the owner or the owner's immediate family); repeals provisions of the administrative code of the city of New York and of the Emergency Housing Rent Control Law which permit evictions for personal use and occupancy.
Sponsors
Richard Gottfried Deborah Glick Jeffrey Dinowitz William Colton Emily Gallagher Robert Carroll Sandra Galef Nick Perry
Last Action
referred to housing
View Details
https://lawsforlandlords.com/bill/ny-2021-a00116/

NY A03918 Establishes a COVID-19 emergency rental assistance program; implements a program of rental and utility payment assistance to eligible households; defines terms.

NY S05742 Provides for certain commercial small businesses to be eligible for relief under the “COVID-19 Emergency Protect Our Small Businesses Act of 2021”.

Introduced Session

2021-2022 General Assembly

Summary
Provides for certain commercial small businesses to be eligible for relief under the "COVID-19 Emergency Protect Our Small Businesses Act of 2021".
Sponsors
Anna Kaplan
Last Action
REFERRED TO RULES
View Details
https://lawsforlandlords.com/bill/ny-2021-s05742/

NY A03110 Relates to establishing commercial rent regulation; establishes a right to renew leases and authorizes the rent guidelines board to establish maximum rents.

Introduced Session

2021-2022 General Assembly

Summary
Relates to establishing commercial rent regulation; establishes a right to renew leases and authorizes the rent guidelines board to establish maximum rents.
Sponsors
Harvey Epstein William Colton
Last Action
referred to cities
View Details
https://lawsforlandlords.com/bill/ny-2021-a03110/

NY S02001 Establishes rental security insurance and the security deposit guarantee program to give tenants an option to pay any deposit or advance to rent or use residential real property or a dwelling unit.

Introduced Session

2021-2022 General Assembly

Summary
Establishes rental security insurance and the security deposit guarantee program to give tenants an option to pay any deposit or advance to rent or use residential real property or a dwelling unit.
Sponsors
Robert Jackson
Last Action
REFERRED TO JUDICIARY
View Details
https://lawsforlandlords.com/bill/ny-2021-s02001/

NY A01300 Authorizes public welfare officials to withhold rent from a landlord when real estate taxes for the rental property are unpaid.

Introduced Session

2021-2022 General Assembly

Summary
Authorizes public welfare officials to withhold rent from a landlord when real estate taxes for the rental property are unpaid.
Sponsors
William Magnarelli
Last Action
referred to social services
View Details
https://lawsforlandlords.com/bill/ny-2021-a01300/

NY A01669 Relates to the installation of radiator covers.

Introduced Session

2021-2022 General Assembly

Summary
Relates to the installation of radiator covers.
Sponsors
Linda Rosenthal Patricia Fahy Nick Perry
Last Action
referred to housing
View Details
https://lawsforlandlords.com/bill/ny-2021-a01669/

NY A01416 Establishes the definitions of non-compliant dwelling and harm reduction services and provides that every patient in a chemical dependence residential service or in a residential service that has a length of stay of thirty days or more shall have the right to remain unless removed through a special proceeding under article seven of the real property actions and proceedings law.

Introduced Session

2021-2022 General Assembly

Summary
Establishes the definitions of non-compliant dwelling and harm reduction services and provides that every patient in a chemical dependence residential service or in a residential service that has a length of stay of thirty days or more shall have the right to remain unless removed through a special proceeding under article seven of the real property actions and proceedings law.
Sponsors
Linda Rosenthal
Last Action
referred to alcoholism and drug abuse
View Details
https://lawsforlandlords.com/bill/ny-2021-a01416/

NY S03133 Prevents landlords from raising commercial rents during a lease without a determination by an arbitrator that such rent increase is not fraudulent and is fair.

Introduced Session

2021-2022 General Assembly

Summary
Prevents landlords from raising commercial rents during a lease without a determination by an arbitrator that such rent increase is not fraudulent and is fair.
Sponsors
Brian Kavanagh
Last Action
REFERRED TO
View Details
https://lawsforlandlords.com/bill/ny-2021-s03133/

NY A03778 Allows a tenant to offset against future rental payments the cost of certain emergency repairs a landlord is either unwilling or unable to correct within twenty-four hours of notice to the landlord of the need for such emergency repair, provided that the tenant provides landlord with itemized cost accounting of all emergency repairs made.

Introduced Session

2021-2022 General Assembly

Summary
Allows a tenant to offset against future rental payments the cost of certain emergency repairs a landlord is either unwilling or unable to correct within twenty-four hours of notice to the landlord of the need for such emergency repair, provided that the tenant provides landlord with itemized cost accounting of all emergency repairs made.
Sponsors
Inez Dickens
Last Action
referred to judiciary
View Details
https://lawsforlandlords.com/bill/ny-2021-a03778/

NY A04523 Relates to allowing public welfare officials to withhold payment of rent to landlords who owe delinquent tax liabilities to local municipalities, school districts or counties.

Introduced Session

2021-2022 General Assembly

Summary
Relates to allowing public welfare officials to withhold payment of rent to landlords who owe delinquent tax liabilities to local municipalities, school districts or counties.
Sponsors
Angelo Morinello Brian Miller Jacob Ashby David McDonough Robert Smullen John Salka Michael Norris Joseph DeStefano Brian Manktelow
Last Action
referred to social services
View Details
https://lawsforlandlords.com/bill/ny-2021-a04523/

NY A03190 Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.

Introduced Session

2021-2022 General Assembly

Summary
Relates to suspending rent payments for certain tenants due to the state of emergency declared by Executive Order No. 202, where they have lost earned income or were forced to close their place of business; requires landlords to accept 20 percent or one-third of contractual rent each month; requires the superintendent of the department of financial services to establish and implement an interim commercial rent relief program to support covered tenants and landlords impacted by the COVID-19 pandemic.
Sponsors
Harvey Epstein Richard Gottfried Jo Simon Robert Carroll Phillip Steck Mathylde Frontus Rebecca Seawright Charles Barron Nick Perry Inez Dickens Alfred Taylor Harry Bronson Diane Richardson Pamela Hunter Carmen De La Rosa Ron Kim Brian Barnwell Khaleel Anderson Nily Rozic Anna Kelles Yuh-line Niou Phara Souffrant Forrest Zohran Kwame Mamdani Emily Gallagher Catalina Cruz Jessica Gonzalez-Rojas Stefani Zinerman Robert Rodriguez
Last Action
referred to small business
View Details
https://lawsforlandlords.com/bill/ny-2021-a03190/

Must-Know New York Landlord-Tenant Laws

Law For Landlords

In the U.S., there are nearly 48.5 million rental units. A little over half of these rental units are owned by business entities, while the rest are owned by individual investors.

There are a lot of good reasons to own rental property in, including providing a passive income source as well as the potential for property value appreciation. Many Americans have managed to make rental property ownership their full-time job, while others might keep a few rental properties as a way of making extra income.

If you are considering becoming a landlord, you likely have a lot of questions. What regulations do landlords need to know? What should I know as a landlord in general?

Understanding landlord-tenant laws is essential for protecting yourself legally and financially. Here’s a brief guide for self-managing landlords regarding some of the most important federal and state laws.

The Fair Housing Act

The Fair Housing Act is one of the two major federal laws that impact all property managers and landlords across the country. This is a law that prohibits discrimination due to national origin, race, religion, color, disability, sex or familial status. This law applies to:

  • Renting or buying a home
  • Seeking housing assistance
  • Getting a mortgage
  • Engaging in other housing-related activities

This law extends beyond leasing where landlords are concerned. It also applies to advertising, meaning that it is illegal to market your properties to any specific group of people.

Fair Credit Reporting Act

The Fair Credit Reporting Act is a law that requires landlords to do a number of things when running a credit check. These include receiving permission from an applicant to run a credit report, informing the applicant if their credit report was the basis for adverse action or denial, and providing specific information regarding the credit reporting agency they used

Law Paint Law

It is required by landlords under federal law to disclose the presence of lead paint. They are not required to remove lead paint under federal law, but state laws might dictate otherwise. It’s important to learn about your state and municipality laws regarding lead paint in addition to the federal law.

Discrimination Law

Beyond the Federal Fair Housing Act, state and local laws might provide additional protection beyond the federal law. These might extend protections to people based on their sexual orientation, age, marital status, political association and even hairstyle.

Tenant Duties

While your tenant is responsible for some things, you should know what those things are as the landlord. Then, you can include those duties in your lease agreement. If a tenant doesn’t fulfill their duties, you may be able to provide a notice to vacate in law. Your tenants need to comply with local health and building codes to keep themselves and others safe. They also need to dispose of garbage safely and legally, and they need to use the property reasonably. That means living in the property, but unreasonable uses could include conducting business. Tenants are also responsible for keeping the property clean on a daily basis. They also can’t do anything that would disturb their neighbors, especially if you own a duplex or a similar property. A tenant must also ensure their guests also comply with these requirements. And whenever your tenant has any issues, they must notify you so that you can correct the problem.

Security Deposit Limit

Before a tenant moves in, you can charge them a security deposit. Fortunately, doesn’t have any limitations regarding the amount the deposit can be. You can set an amount based on the property’s rent or value. And you can charge a security deposit for short-term or long-term leases. Then, you can hold onto that amount for the duration of the tenant’s stay. While you can use the money from the deposit, it’s smart to keep it in a separate account. When the tenant moves out, you can make sure you have enough money to pay them back. You can outline the terms of the security deposit, such as the amount and when you will return it, in your lease agreement. That way, you and your tenant both understand the terms, and you can use similar language if you ever buy property in another state.

A Legal Lease Document

Each state and some municipalities might have laws regarding the lease contract. Rental contracts must abide by all laws and be legally written. It is necessary to indicate tenant names, monthly rental rates, and leasing periods clearly.

In some jurisdictions, it is required that certain legal disclosures be included in the lease document. Working with a lawyer to produce your rental contract can help ensure that the lease provides all of the required information and doesn’t break any federal, state, or local laws.

Required Disclosures

It is common in many states to require landlords to inform tenants about individual landlord policies, certain state laws, or specific information about the rental. It might be required that this is disclosed within the lease itself or in additional documentation.

It’s important to look into your state’s requirements about disclosures. However, some commonly required disclosures include notice of recent deaths, mold, meth contamination, or other safety or health hazards.

Providing a Safe Environment

One important landlord-tenant law has to do with the habitability of the rental unit. The definition of “safe, habitable condition” might be different between states. For this reason, you must familiarize yourself with the laws for landlords in your location.

Typically, this means that the property cannot have serious deficiencies. It also means that fixtures, appliances, heating, and plumbing need to be in working order. You also cannot rent out a property that is infested with pests or insects.

 Landlords are usually responsible for dealing with infestations even if the outbreak happens after the tenant moves in. However, in many states, this can be avoided by specifying that the renter is responsible for pest control.

Laws About Making Repairs

In the lease agreement, it will be outlined that the tenants are responsible for reporting necessary repairs. It then becomes the landlord’s responsibility to complete the repairs within an appropriate amount of time.

If a landlord doesn’t make a repair in a timely manner in a way that impacts the safety or health of a tenant, a tenant might have the right to withhold rent.

Security Deposits

It is common for landlords to require a security deposit from the tenant. This is in order to cover the costs of any damage the tenant causes or if they fail to pay rent. A landlord must refund the security deposit unless it is needed to cover the cost of fixing property damage or covering default rent payments.

In some states, how the security deposit is kept is dictated by the law. It is also typically required that an itemized list of deductions must be provided to the tenant if the landlord is using some of the deposit for these purposes.

The unused portion of the deposit must be returned and the itemized statement must be provided. If they aren’t, the landlord can face financial and legal repercussions.

Renters Right To Privacy

Most landlord-tenant rules and regulations cover the right to quiet enjoyment of a tenant. This means that it is their right to live on a property undisturbed. The landlord must give proper notice before entering the rental unit, which is usually 24 to 48 hours unless there is an emergency.

Landlords can only enter the rental property for valid reasons and at a reasonable time of day after giving notice.

Landlord-Tenant Laws: Essential For Protecting Yourself Legally and Financially

Without a good understanding of landlord-tenant laws, you can find yourself in a mess of legal and financial trouble. It’s therefore very important to familiarize yourself with the federal, state, and local laws regarding the rights of tenants and the responsibilities of landlords.

Are you looking for more valuable resources to serve as a guide for self-managing landlords? You can find more You can find more resources and guides here.

Reviewing Laws for Landlords

Understanding laws for landlords is essential for keeping your properties up and running. It can also protect you and your finances if you have a problematic tenant or experience other issues. Whether you just bought your first rental property or are looking to expand, you should understand how these laws affect you. That way, you won’t have to worry about losing everything. Do you want to learn more about laws for landlords? Let us know.

Please understand that because of the nature of the topic, this page has been written in a generalized form. Further guidance should be sought on the topic being searched by the landlord.

New York Landlord Legislation Blog

Governor’s Latest Executive Order

KEY FACTS: Issued:  October 15, 2020
Expires:  November 14, 2020 Caveat:
Late Fee Prohibition Remains in Effect
Through December 31, 2020 KEY ISSUES:
Rent Demands: Extends 30-day rent
demand until November 14th The 30-day
rent demand applies to ALL Landlords
(residential and commercial). Late Fees:
The Order establishes a ban […]

Governor’s Latest Executive Order

KEY FACTS: Issued:  October 15, 2020
Expires:  November 14, 2020 Caveat:
Late Fee Prohibition Remains in Effect
Through December 31, 2020 KEY ISSUES:
Rent Demands: Extends 30-day rent
demand until November 14th The 30-day
rent demand applies to ALL Landlords
(residential and commercial). Late Fees:
The Order establishes a ban […]

Governor’s Latest Executive Order

KEY FACTS: Issued:  October 15, 2020
Expires:  November 14, 2020 Caveat:
Late Fee Prohibition Remains in Effect
Through December 31, 2020 KEY ISSUES:
Rent Demands: Extends 30-day rent
demand until November 14th The 30-day
rent demand applies to ALL Landlords
(residential and commercial). Late Fees:
The Order establishes a ban […]

A Guide to Section 8 for Landlords

Over 10 million Americans are afforded federal rental assistance under a program known as Section 8 housing. This federal rental assistance can be used all over the United States, which means that all US landlords should have a basic understanding of what Section 8 is and how it works. In short, Section 8 housing provides a solution for low-income families and individuals who are in need of housing. But how does Section 8 housing work for landlords? If you’ve poked around online

Read More »

Pros and Cons of Month-to-Month Rental Leases

The real estate market is in a particularly unusual state in 2021 as the overall economy seeks to correct itself during an ongoing pandemic. One of the more surprising results of the past year is that while housing prices are going up, the cost to rent is, in many places, going down or stabilizing. Now is a great time for property owners to analyze the kind of leasing agreements they typically offer. Is month-to-month rental a better solution in the present,

Read More »

A Guide to Squatter Rights- What Landlords Absolutely Need to Know

If you’re a landlord who has recently discovered the presence of unknown tenants living in one of your properties, you’re probably wondering what to do next. Is this trespassing? Can you simply kick them out? The answer is not quite so simple, assuming these unexpected tenants are squatters. We tend to think of squatters in basic, colloquial terms: people who have moved into a property they don’t own or rent and live there without permission. However, you’ve probably also heard

Read More »

A Complete Guide to Every Step in the Eviction Process

As a landlord, your hope is to bring on high-quality tenants that abide by the lease and pay rent on time each month. However, you might be surprised at how likely it is that you could find yourself going through the eviction process at some point in your tenure. In the past few years, US eviction data was compiled and revealed just how common evictions actually are. In fact, in 2016 alone, 2.3 million evictions were filed in America. Our goal is

Read More »

The Landlord’s Guide to Rent Collection

There are over 10 million individual landlords in the United States, each with its own methods for rent collection. How a landlord collects rent, what they charge, and how they deal with late payments has to do both with their personal preferences and the laws in their state. Renting is a great way to earn side money or even a full liveable income, but there are many things to consider before you begin looking for tenants. If you have a property you’re interested

Read More »

What to Know Before Creating an LLC for a Rental Property

Interested in joining the more than 11 million real estate investors making money off rental properties? It’s a form of potentially passive income with great appeal, but like any investment, it also comes with potential risks. One way to mitigate risk is by setting up a business that would own the property rather than buying it in your own name. Creating an LLC for a rental property can help manage income, taxes, and liability for your rental business. If you’ve been wondering,

Read More »

Contact Us

    National Resources