Rent Regulation Experts
[vc_column_text]Too often one hires a management company that does rentals, and co-ops and condos. The property manager assigned to your building might not be an expert with rent codes like R.E.M. Residential is. This could prove disastrous for a building. R.E.M. is exclusive to rentals so our entire staff know the codes and how to deal with rent stabilized and controlled residents.[/vc_column_text][/vc_column][vc_column width=”1/3″]
They didn’t file for MBR’s so the rent controls rent was frozen at $250 for 30 years. They had too many C violations so they couldn’t file even if they wanted to. Stabilized residents get 0% increases today. Yet they passed up the opportunity to raise rent controlled rents by 7% or more. The owners lost money.
Rent control increases are over 7% while stabilized are 0%. So we always file for MBR’s. It adds up over years. This means we are diligent to ensure there are no rent impairing C violations. Knowing the codes and regulations and doing the right thing is our expertise. We always protect our landlords
- Always learning, always ahead of the game
- Rent stabilized and rent control specialists
- Rent registrations done expertly in-house
- Protect the landlord from overcharges
- Fuel costs and MBRs done timely
- Impeccable leases and riders
R.E.M. Residential is Expert at Rent Regulations
[/vc_column][/vc_row][vc_row el_class=”Rent Regulations”][vc_column][vc_column_text css_animation=”left-to-right”]At R.E.M. Residential we pride ourselves on our comprehensive knowledge of the Real Estate industry, and are known as experts in rent regulation laws. We understand that it is critical to continue accumulating knowledge by actively researching the latest technology and regulations. Our staff is professional, well trained and participates in a wide variety of industry related continuing education programs.
If a self managing Landlord or a management company is not absolutely adept in the rent regulation laws it could result in ruinous costs and repercussions. Owners of small or family owned properties can find themselves embroiled in the onslaught of new legislation such as rent stabilization riders, new FDNY rules, and a whole host of new rules and regulations.
Despite best intentions, children, family members and casual legal advisers are unable to effectively provide sound advice due to lack of knowledge, inexperience, or lack of time to keep pace with the ever-changing laws.
At R.E.M. we know how to do things the right way and understand all the rules and regulations. Are you confident that your current Manager does too? Ask them the right questions!
- Does Your Property Manager know the difference between a MBR and a MCR?
- Does your Property Manager know how to calculate a vacancy increase?
- How does your Property Manager track MCIs?
- How does your Property Manger keep track of MCI’s when they exceed the maximum allowed?
- What is your current Property Manger’s lease renewal and planning process?
[vc_column_text css_animation=”right-to-left”]An overcharge could result in hefty fines. Not passing along MCI’s correctly as well as follow up years could prove costly. Incorrect leases and renewals are quite common unless you know the in’s and out’s of rent stabilization and rent control. At R.E.M. we are experts. Every lease is executed properly, and all backup for increases carefully filed. Rent registrations are done properly and in a timely manner.
With R.E.M. Residential watching over your buildings you can be assured that your prized investments – your properties – are in capable hands. We regularly attend seminars, trade shows and business functions. We are members of numerous real estate organizations such as CHIP, IREM, NYARM and RSA, and subscribe to numerous industry publications and magazines.[/vc_column_text]
At R.E.M. we always think ahead, keep you in compliance, and manage with the care and pride of ownership.
Contact us for a free no obligation consultation. Let us help you with your rent stabilization issues today!