New landlord: 10 tips if you're renting out a NYC apartment for the first time

… Becoming a landlord can provide income to offset the expenses of owning a place in New York … maintenance paymentsbut a lot goes into your role If youre renting out your apartment for the first time you must know … brokers hired by landlords The fee ranges from one months rent to 15 percent of the annual rent so the law …

By Jennifer White Karp |September 30, 2025 - 3:30PM
How to tell if your apartment has mold—and how to get rid of it

… and steps to retard mold growth As with any insurance policy there are limits to what is covered The mold … generally be covered under the liability portion of your policy up to the property limits for mold in your own …

By Evelyn Battaglia |August 18, 2025 - 12:30PM
What you can expect to pay for NYC condo or co-op insurance

… to make sure the property is insured to its full value Your policys cost will depend on the value of your home its … because a condo or coop building will have a master policy that protects the entire property including its … spaces and the board in the event of a lawsuit A master policy however doesnt eliminate the need to insure your own …

By Celia Young |May 3, 2024 - 12:30PM
Do New Yorkers need earthquake insurance?

… and cracking and coverage is usually done as a supplemental policy that kicks in after damage to a building exceeds your policys deductible These policies often have high … He said that one Manhattan condo building had a master policy with a $100000 deductible for earthquakes under the …

By Jennifer White Karp |April 15, 2024 - 3:45PM
Brick webinar recap: How your board can create a realistic budget and manage costs

… see a property that is a frequent shopper and switch their policy every year or two they may start to decline coverage …

By Jennifer White Karp |October 19, 2023 - 5:15PM
3 ways to lower your condo or co-op building’s insurance costs

… But it doesnt come cheap   The cost of a master insurance policy for a condo or coop buildingwhich covers the building … ways to lower insurance costs or at least to minimize your policys increase  Condos and coop boards can be proactive … example some insurance companies will raise the cost of a policy if a building has circuit breaker panels manufactured …

By Celia Young |October 4, 2023 - 12:30PM