Sentences with phrase «units rented out»

there are 28 units rented out, one is an office and the other is under rehab.

Even after running the numbers as all the units rented out, I'm having trouble cash flowing.

Would it be more logical to get units rented out and once the refi process is done..

Over all the project was worth it and I had 3 of the four units rented out for $ 850 each 3 months into the project, which basically took care of the carrying costs of the building.

The speaker of the City Council, Melissa Mark - Viverito, reported $ 128,521 in income, including $ 113,555 in salary from the City Council and $ 14,952 in income from a unit she rents out in her East Harlem townhouse.

Tenants must remember that the landlord is dependent on the income from the unit rented out and in return, landlords should keep in mind that most tenants have strict budgets.

Move in ready for owner occupancy or perfect investment, Unit rents out for $ 825 monthly.

So I currently have 6 units I rent out for a nice cash flow.

I had the other unit rented out in early November for $ 925 per month before I had to make my first payment on December 1st.

Not exact matches

One thing that remains to be seen is how local regulators will respond, especially in cities like New York where it's illegal to rent out one's full unit in an apartment building on Airbnb for less than 30 days.

Right now, a host who lives in a unit full - time can rent out spare beds without restriction in San Francisco, and an absent host can do it up to 90 days a year.

The small, furnished condos are popular with out - of - towners who stay in the units when they're in Vegas, and then have the building's management company rent them out (and arrange cleanings) the rest of the time.

However, the report focuses largely on commercial hosts, who don't live in their units and rent them out for income, raising concerns of possible evictions «if a landlord concludes that they can earn more from short - term rentals than from a long - term tenant.»

(According to another recent report from the city's planning department, a host would have to rent out a unit on Airbnb for 257 days to reap more income than renting it to a tenant.)

For now they are subsidizing their largest asset, a company that rents out two units, by taking a very low return from their invested capital.

A house provides income as well — I have two smaller rental units and have also rented out 2 of 4 bedrooms for extra cash when I first bought the house.

The company notes that its average unit is rented out just 62 nights a year.

Another possibility that has been floated is mandating that in any given development built through a rezoning, some units would have to be reserved for tenants earning below the targeted AMI, but could be balanced out by renting others to those who make more.

He also noted that once initial tenants move out, property owners don't have to keep the units rent stabilized (as long as the rents exceed $ 2,700 per month).

The Republican Senate leader not only opposed cost - of - living increases to the rent and income thresholds at which units lose price controls — which Gov. Cuomo wanted — but he also ruled out calls to include a renewal of rent regulations in the looming budget deal.

The company supports a bill from Brooklyn Assemblyman Joseph Lentol and state Sen. John Bonacic that would let apartment residents rent their units out for fewer than 30 days, while the hotel industry is backing an opposing bill that would require people advertising apartments on home - rental platforms to include location details.

A Manhattan Judge ruled that a single - room - occupancy hotel on the Upper West Side must stop renting short - term rooms out to transients and tourists — after attorneys for the building's tenants filed suit alleging the company was in violation of a March court ruling that said units could not be rented for less than 30 days.

In reality, the site has also become a platform for people who rent out multiple units to tourists year - round, diminishing the available housing stock and reaping tremendous profit.

Owning and renting out a building is a BUSINESS — be it a 4 unit apartment building, an apartment complex, a shopping mall or the Time - Warner Center in Manhattan.

New York City officials issued a summons to the owner of a condominium at Trump Tower that gained notoriety after being rented out on Airbnb, determining that the unit was being illegally advertised for rent.

The mayor argued that perpetuating the current statutes would only lead to more and more units being priced out of rent stabilization.

«Every day I hear from New Yorkers who are sick and tired of living in buildings that have been turned into illegal hotels through Airbnb because so many units are rented out to tourists, not permanent residents,» Rosenthal said.

«This bill will have a chilling effect on unscrupulous landlords renting out affordable housing units as illegal hotels,» Johnson added.

BROOKLYN — A Crown Heights landlord who left tenants without heat in the winter and exposed kids as young as 6 to toxic amounts of lead dust to get residents out of his 14 - unit apartment building so he could charge more is proof the city's rent laws need to be strengthened, Attorney General Eric Schneiderman and Mayor Bill de Blasio said Wednesday.

In her State of the City address, Council Speaker Christine Quinn pointed out that 1,300 rent - controlled units were lost in one Tribeca development alone last year.

Units that went out of rent regulation because the rent laws were not strong enough,» said de Blasio.

Ms. James, a Brooklyn Democrat, laid out an aggressive agenda to curtail the powers of landlords, including an end to vacancy decontrol for units in the rent control system, a ban on property owners from increasing rents on vacant units, and a repeal of the Urstadt Law that puts the city's rent laws in the hands of the State Legislature.

In 2011, the chamber approved changes that exceeded what the Senate would agree to, including repealing vacancy decontrol, which allows landlords to take a unit out of rent stabilization if the legal rent exceeds a certain amount.

While the agreements slightly raised the thresholds for removing an apartment from the rent stabilization program and for passing along the costs of building improvements to tenants, it did not eliminate a landlord's power to yank a unit out of rent control once it becomes unoccupied, a reform Mr. de Blasio and Mr. Cuomo both called for.

Councilman Jumaane D. Williams also lashed out at Mr. Cuomo in his praise of the RGB, writing in a statement that the vote sent «a clear message that the City of New York is determined to provide relief for its residents, unlike Governor Cuomo and Albany who recently enacted detrimental rent laws that could eliminate approximately 90,000 affordable housing units due to deregulation over the next four years — units that do not just provide an affordable price point for tenants, but offer protections against arbitrary evictions as well.»

Speaking to the Observer, Mr. Kadushin contested Mr. Stringer's assertion that the vacancy situation has deteriorated under the de Blasio administration, asserting NYCHA was renting out apartments faster than it had in years, having the number of available vacant units in half since 2014.

The Democrat - supported bill — which already passed in the House — would affect the many landlords who own buildings with single room occupancy units and prefer to rent them out to tourists rather than low - income New Yorkers.

Of the building's 135 studio and one - bedroom units, 82 will be set aside for homeless veterans and the remainder will be rented out to those making up to 60 percent of area median income.

The module could be rented out as an ISS storage unit, making the station less dependent on frequent resupply flights, says Hiroshi Kikuchi of JAMSS.

The plan was to live in one unit and rent out the other two.

I have spent all week fixing up the upstairs unit in our Multifamily home so we can rent it out as soon as possible!

We have been fixing up both of our units in our multi-family home in order to rent out and meet lead inspection rules and I'm SO ready for a break!

Heisler and her husband and daughter live upstairs and rent out the other units in the restored structure.

Because the two rental units came onto the market after 1991, the landlord does not have to follow the rent increase guidelines or the rent control legislation as set out by the Residential Tenancies Act.

But what if you buy a duplex or fourplex and live in one unit while renting out the others?

FHA programs, which are intended for owner - occupants, also allow borrowers to rent out a separate unit on the property, be it a duplex, triplex or four - unit; however, a rental income factor applies.

The duplex had been rented out, but Joy is moving into the upstairs unit, leaving the lower one available for Marina.

Living in one unit of a multi-family while renting out the others, although not without its risks, can be a viable (if gradual) way to build wealth.

You can rent it out in the meantime, and when you go to sell your unit, it will be that much more valuable.

If you rent out an apartment in your home, can you claim a deduction on the expenses related to the unit?