Westchester Real Estate News

If you’re a real estate investor in Westchester County, then you have likely enjoyed nice returns over the past couple of years (and longer). Often, the first foray into rental real estate investing for people is when they rent out their former residence or a residence they inherited. After a few years, these folks realize…

The Never Ending Story is a book that was made into a 1984 film. It’s about a young boy who runs into a bookstore to avoid bullies and happens upon a fantasy book that, as it turns out, is real. He becomes the hero and saves us from the “Nothing,” a darkness that destroys everything…

As landlords, there are some essential tasks that we have to get done every year. Most are repair and maintenance related, but not all of them. I like keeping my annual to-do list handy, so when opportunity knocks (for example, when a tenant moves out and before the new tenant moves in), I can conveniently…

One year ago, then President Trump, through the CDC, issued a moratorium on tenant evictions for non-payment of rent due to the COVID crisis. The moratorium was initially set to expire in December 2020 but was extended through July 31, 2021. In New York State, Governor Cuomo extended the state-wide eviction ban through August 31,…

Most real estate investors are in it for the long haul. We look at our property investment performance over years, even decades. Single-family rentals have an impressive long-term track record. The chart below illustrates the annual returns from stocks, bonds, and single-family rentals: The steady, black line tells it all – single-family rental total income…

Of the things people least like to do, I’d wager that suffering through an IRS audit would be near the top of everyone’s list. Having a government official pour over all of your records and question you about what you did on hundreds of transactions… Yikes! Getting a root canal done with no anesthesia sounds…

The number one topic in the real estate world right now is, when will the red hot housing market cool off? With the pandemic in our rearview mirror, will the housing market return to more normal patterns by the end of the year? In a seller’s market, as we are experiencing right now, competition among…

For me, prioritizing how I spend my time is one of my biggest challenges. Because there are only so many hours in a day, if I don’t use a practical time management strategy to organize my efforts, I’ll run at a hundred miles an hour and still fall behind. I’m sure you can relate to…