The Law Office of Seth Rosenfeld, Esq.
We Can Answer All Your Questions
During A FREE Consultation
800-699-1594
Menu Contact

Attorney-approved tips for novice New York landlords

Investing in rental property is an effective way of building a solid income or padding an existing nest egg. Everyone needs a place to live, after all. However, without proper preparation, novice landlords may begin to experience costly landlord-tenant disputes. Such disputes can quickly deplete your savings and also make you regret your decision to become a landlord in New York.

In some cases, landlord-tenant disputes may occur despite your best efforts. However, armed with a proactive approach, you can head off many disputes before they even occur. The following tips for new landlords can improve the way you manage your rental properties while also helping you avoid potential disputes.

Be firm about collecting rent

When you allow your tenants to fall behind on their rent, you could experience financial hardships. Make sure to be firm about the rent you are due as well as any late fees your tenants owe. It can also help you avoid legal disputes over late or absent rent payments.

Conduct proper tenant screening

Making sure that your tenants are responsible is always a good idea. However, you must also do your best to ensure that the tenants you choose can make their payments. Consider performing credit checks to accomplish this goal, which can also reduce the risk of a landlord-tenant dispute over nonpayment.

Learn the law

One of the biggest mistakes that lead to landlord-tenant disputes is failing to learn and understand the nation's fair housing laws. To avoid an unintentional violation of tenant rights, familiarize yourself with these and other rental laws.

Finally, you may want to consider the possibility of working side-by-side with a lawyer experienced in landlord-tenant matters. This single step helps you avoid landlord-tenant disputes and also ensures that you do not make other mistakes that could upset your new role as a landlord.

No Comments

Leave a comment
Comment Information

Vigorous Advocacy, Cost-Effective Solutions

To schedule a free consultation with experienced landlord-tenant lawyers, please call our firm at 800-699-1594 or send an email using the form provided. We are committed to working together with you to resolve your legal concerns.

Email Us For A Response

Vigorous Advocacy, Cost-Effective Solutions

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

118-21 Queens Blvd.
Suite 509
Forest Hills, NY 11375

Toll Free: 800-699-1594
Fax: 718-793-4089
Forest Hills Law Office Map