Sterling Propery Solutions

Most of us, myself included, will be thrilled to put 2020 in our rearview mirror. A year ago, who could have predicted the COVID pandemic, social unrest, and the economic turmoil we’ve all had to endure over the past twelve months? Instability has become the new normal. Ben Franklin’s old adage, “Nothing is certain except…

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Sterling Propery Solutions

As we move into the last two months of what has been, to put it mildly, a crazy year, independent landlords face unprecedented challenges. The economy is still recovering from a flash, COVID lockdown induced recession in March and April. COVID hasn’t gone away; unfortunately, cases are on the rise again in New York state…

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best-property-management-westchester

One of the most important decisions to make as a real estate investor is whether or not you should hire a property manager to handle your rental properties. Can you effectively manage your properties on your own? Some people do so quite effectively. That said, most landlords are better off hiring a professional property manager.…

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should I rent my house furnished

As a New York landlord, the decision on whether to offer a furnished unit or not is solely yours to make. You can offer it in whatever form you feel like–with top-of-the-line furniture, appliances and tools or with nothing but bare walls and floorboards. That said, keep in mind that the decision you make can…

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best-property-management-westchester

Several years ago, I ran into the father of one of my son’s friends in the grocery store. Lee Spiegel and I had known each other for a while, but at that point we were casual acquaintances. We both live in the same town in Westchester County. Lee and I struck up a conversation about…

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Sterling Propery Solutions

Perhaps as many as 46% of all New York State renters may be unable to pay rent in October and moving forward, according to the global advisory firm Stout Risius Ross, LLC. Nationwide, one in six renters were behind on their payments in September. October looks to be more of the same. For landlords, the…

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westchester county

The cost of real estate in New York City continues to rise. As a result, many property investors are setting their sights a little further north, to Westchester County. Getting priced out of neighborhoods like Brooklyn and Queens is one reason to consider rental properties in Westchester, but there are plenty of others. The area…

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Sterling Propery Solutions

Most REIs are not handymen or contractors, so when they need to have repairs or renovations done on rental properties, they seek professional help. The last thing any of us want to hear is that there’s a problem at one of our properties – the dreaded three a.m. “my water heater exploded” phone call. But,…

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converting home into rental property

A great way to generate passive income is by owning a rental property. If you already have a property that you do not use or live in, turning it into a rental property is a great investment. Once you decide to do this, there are several steps to follow to make the process as easy…

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Sterling Propery Solutions

For Real Estate Investors (REIs), the cost of borrowing money to finance investment property is a critical component of their business model. While some of us own our investment properties outright, the majority of rental assets are leveraged. Let’s take a look at where mortgage rates currently stand in Westchester County: Average conventional fixed-rate mortgages…

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