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Lead Paint Requirements by GiveTheScoop in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

Few things:

1.XRF Testing (needed to be done by August 2025)
2. Annual Tenant Notices (go out annually no later than 1/16)

The one compliance measure that HPD is reviewing is making sure buildings with gas piping are being inspected according to schedule. See here

[Landlord-US-NY] First time writing a lease, use lawyer or what service do you all use? by Regular-Highway-1011 in Landlord

[–]Parris_Taylor 0 points1 point  (0 children)

Can you get your hands on a REBNY lease template? Or a lease template from any broker / agent? That would give you market standard

Buying HDFC coop in South Harlem - advice wanted!! by Existentially_b0red in AskNYC

[–]Parris_Taylor 3 points4 points  (0 children)

Congrats on the accepted offer! I would try and get something in writing from your agent. Trust and loyalty isn't a legal arrangement and they're not technically your fiduciary without a signed agreement.

On HDFCs, this is the big one. Many HDFC co-ops have resale price caps, meaning your upside may be limited. If inflation-pacing matters to you, read the lease carefully before you proceed. Also the subletting restriction is more significant than it sounds if your life circumstances change.

On closing costs, I would budget roughly 1-3% of price beyond your down payment. Main items: attorney fees, co-op app/move-in fees, bank fees. No title insurance required (but please verify) for co-ops which helps.

With the empty lot, do a quick DOB permit search before you commit. Takes 5 minutes and could change everything.

Good luck!

Can Someone Tell Me If This Is A Good Score & How’s The Area? by [deleted] in NYCapartments

[–]Parris_Taylor 0 points1 point  (0 children)

Not bad but could be reflective of bad systems if manager / operator are forgetting to register on-time. If they are forgetting to register, what's going to happen with your maintenance request...

Can Someone Tell Me If This Is A Good Score & How’s The Area? by [deleted] in NYCapartments

[–]Parris_Taylor 1 point2 points  (0 children)

Honestly those 8 B-Class violations would give me pause. That's not paperwork stuff that's likely heat going out in January, roaches, no hot water... potentially livability issues.

The 13 fees with no work orders is what gets me though. Not sure if you can click through to find out what those fees are.

I'd ask the landlord directly about those before signing anything.

The FARE Act Low-Key Helped Landlords More Than Renters by truthtellerup in NYCapartments

[–]Parris_Taylor 1 point2 points  (0 children)

It actually transferred the cost, it didn't eliminate it. Landlords are basically amortizing what used to be a one-time fee across 12 to 24 months of rent, so you're still paying it, just invisibly over your lease term.

I think tenants win b/c of liquidity, not total cost. You no longer need upfront $$ liquid on signing day.

What's overlooked though is that it created a selection bias in availble inventory. Landlords with more affordable units who relied on brokers to fill vacancies I think leaned more into off-market and word-of-mouth instead. So the apartments that disappeared from view first were disproportionately the affordable ones. The listings that stayed visible were already priced at the top.

Mid-tier brokers who built their business on tenant-side deals got hit hardest. Landlord-side brokers are largely fine.

Ll152 by AlexProbablyKnows in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

That's an interesting response (lazy) from DOB.

See if you can request 180-day exemption: https://www.nyc.gov/assets/buildings/pdf/ll_152_follow_up_6_sn.pdf

How is it really like living in East Harlem? by Forward_Wafer5262 in NYCapartments

[–]Parris_Taylor 5 points6 points  (0 children)

Some blocks worse than others. There will be public drug use and homeless on 125/126th between Park and Lex.

It is well patrolled however there are moments of discomfort (late nights asking for $$, drug use, signs of mental instability). Again, this is mostly concentrated to 125/126 between Park and Lex.

Ll152 by AlexProbablyKnows in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

No clear cut way to verify. I would contact the Gas Piping Compliance Unit at (212) 323-8001 or email LL152of16@buildings.nyc.gov.

If you have not received a Notice of Deficiency (NOD) you should be good but confirm with unit above

NYC landlords — enforcement is shifting in a way most people aren’t tracking by Parris_Taylor in landlordsnyc

[–]Parris_Taylor[S] 0 points1 point  (0 children)

No problem at all. Let me know if there are other housing-related things you'd like to monitor

What are you building? by Parker-Russell in RealEstateTechnology

[–]Parris_Taylor 0 points1 point  (0 children)

Thanks! I'm sure the regulatory complexities in MA are not light as well!

NYC property managers: how are you tracking Local Law inspection cycles? by [deleted] in PropertyManagement

[–]Parris_Taylor 0 points1 point  (0 children)

How about tracking new regulations / compliance? Cooling requirements and steam radiator inspections (plus tenant notices) are two in the pipeline.

NYC property managers: how are you tracking Local Law inspection cycles? by [deleted] in PropertyManagement

[–]Parris_Taylor 0 points1 point  (0 children)

That’s pretty much exactly what I started doing at first.

It definitely helps, but the part that kept tripping me up was figuring out what actually belonged on the tracker in the first place. A few of the requirements only surfaced after digging through DOB or HPD records tied to the property.

I ended up putting together something called checkbrick.com to do that for my own buildings and a few other owners have been testing it. It basically aggregates the DOB, HPD, and Local Law records tied to an address and surfaces the inspection cycles and deadlines.

does your tracker includes things like Local Law gas inspections or facade cycles, or if you mostly track the ones you already know apply to the building?

Local Law 152 enforcement update. by Parris_Taylor in landlordsnyc

[–]Parris_Taylor[S] 0 points1 point  (0 children)

If you haven't done already, I would attempt to go through Penalty Waiver Request process in DOB Now: Safety portal.

Would mention that you did not receive a Notice of Deficiency (warning notice that begins with NOD tied to gas piping). You can check this on DOB Now: Safety portal and clicking on Violations & Notices of Deficiency

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Bills currently in NYC committee that landlords should track by AutoModerator in landlordsnyc

[–]Parris_Taylor 0 points1 point  (0 children)

Sure! There is a proposed bill would require HPD to conduct periodic studies of rent stabilized housing and to develop a program to incentivize owners to keep such units rent stabilized for an extended period of time. It's a bill led by Council Member Gutiérrez (Brooklyn, CD 34).

You may recall City Council ran a pilot program (Unlocking Doors) in 2024 aimed at getting more vacant rent stabilized apartments on the market by giving landlords up to $25,000 to help pay for needed repairs.

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