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Stepping In for Foreign Apartment Owners
Though only 30, Dylan Pichulik, is the chief executive of XL Real Property Management, which focuses on a foreign clientele.
The 7 best ways to find a short-term rental while you renovate your New York City apartment
Renovating your New York City apartment (congrats!) involves more than finding a reputable contractor and choosing your palette and appliances. It also typically requires you to relocate, at least while the bulk of the work is being done—and your kitchen and bathroom are off-limits.
An expert panel discussed “Foreign Real Estate Investment in New York” at the B’nai B’rith Real Estate Unit monthly luncheon meeting at the Cornell Club in New York.
Tenants asked to stand-in as threat of doormen strike looms
Negotiations with the union demanding higher wages were “far apart” Wednesday. Residents at some of the city’s swankiest buildings could soon be tossing their own trash and opening their own doors. Property managers are scrambling to prepare for a possible strike by apartment building workers seeking higher wages, with some asking tenants to prepare to stand-in as voluntary doormen.
New York multifamily advisory sees shift to smaller units
XL Real Property Management, which manages rental apartments for affluent foreign investors in New York, is seeing more interest from its clients in smaller units. The local investment company, founded in 2012 by Dylan Pichulik, has been working with clients on more transactions in the $2m to $3m range. “Investors today are looking at smaller, more efficient buildings with lower price points so they can rent out their units for $5,000 a month – not $50,000,” Pichulik told REFI.
When luxury leaks
New high-end NYC condos are seeing an uptick in construction defects — from warped floors to fireproofing problems — and another wave of complaints could be coming
Onefinestay, In Exchange for T.L.C
Few things are more coveted in New York City real estate than a single-family townhouse, be it a historic Brooklyn brownstone or a stately limestone on the Upper East Side. But even those who can afford to own one may sometimes wish they could dial up a doorman or a super to handle the hassles.
Improve Your Chances for Rental Upgrades
When you rent an apartment in New York City, what you see is pretty much what you get. A landlord is only obligated to clean the place up before handing over the keys, though most will paint as well.
NYC Landlords on What Makes a Perfect Tenant (AKA How to Make Your Landlord Love You)
We’re in peak rental season as summer gives way to fall, with apartments churning and lease renewals in the offing, so it can’t hurt to be on your landlord’s good side, right? After all, it could mean the difference between getting your shower drain unclogged ASAP and standing in inches of water while you wash every morning.