The City of New York has finally had enough of landlords not fixing violations attributable to their buildings. They have decided to take a legal measure not used since the Koch administration and withhold rents it pays for public assistance at the buildings in question. The two landlords had a combined 239 violations of which 78 of those violations deemed “hazardous”.
The landlords were among eight warned by City Hall and Public Advocate Letitia James in May to clean up their buildings or have their rent withheld. The buildings are located in the Bronx and upper Manhattan. The rest of the landlords decided to make the necessary repairs and were not penalized. For more information on this click here.
The failure to cure violations on your property can become a major obstacle in profiting on your investment. Although the above result appears to be an extreme case, you can see what the failure to upkeep your property can lead to. In most cases, the choice of a reputable NYC property management company can assist you in fixing violations on your property. The majority of property managers have software that can detect when violations have been assessed and can take actions to cure them. In the alternative, choosing a property mangement company in New York City that has the expertise in preventing the violations can save you money and hassle in the long run.
Troubleshooting potential issues and having a long term strategy in place for preventative measures are some of the services that Blue Harbour Property Management provides. If you are in need of a property management company that can assist with your troubled property, call us and we will meet with you and determine what is the best plan for the health of your property.