Hauseit
Hauseit
  • 885
  • 918 440
New York's New Short-Term Rental Registration Law: Senate Bill S885C - What You Need to Know
Real estate attorney Brandon McKenzie discusses New York's new short-term rental registration law.
Bill S885C/A4130C recently passed in both the New York State Senate and Assembly with bipartisan support. The bill has yet to be signed by the governor, but if signed into law, the bill would require property owners to register short-term rentals with the State of New York every two years. Additionally, details - including locations and booked nights of the reported properties - would be reported monthly by municipalities to the Department of State. The bill also requires collection of sales and occupancy tax on short-term rentals. This comes as little surprise, as estimates peg uncollected tax revenue on short-term rentals at over a half-a-billion dollars over the last five years. Cities that have already implemented short-term rental registries would see their existing registries grandfathered in, but municipalities that have yet to create registries would be prohibited from doing so.
The full text of the bill is accessible here: www.nysenate.gov/legislation/bills/2023/S885/amendment/C Governor Hochul has yet to sign the bill but is widely expected to do so.
Brandon McKenzie is an attorney at Moss & Moss LLP, a full-service law firm based in the Flatiron District of Manhattan: www.mossandmoss.com/. Brandon and his team offer special expertise in Real Estate Law, Business Law & Commercial Litigation, Divorce & Family Law, General Litigation as well as Estate Planning and Elder Care Law.
.
.
Save money when buying, selling and renting real estate with Hauseit: www.hauseit.com
Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
zhlédnutí: 36

Video

How to PROTECT YOURSELF with an OUTSIDE CLOSING DATE when Buying a NYC New Development Condo
zhlédnutí 131Před 5 měsíci
NYC real estate attorney John Moss explains how negotiating an outside closing date in a purchase contract can protect you against unreasonable delays to closing when buying a new construction condo in NYC. Reduce your closing costs with a buyer agent commission rebate from Hauseit: www.hauseit.com/buyer-closing-credit/ John Moss is a Partner at Moss & Moss LLP, a full-service law firm based in...
How to Close REMOTELY When Selling a Condo, Co-op or Townhouse in NYC
zhlédnutí 89Před 5 měsíci
NYC real estate attorney John Moss explains your options for closing remotely when selling real estate in NYC if you're no longer in New York. This video applies to all types of real estate in NYC, including condo and co-op apartments as well as single and multi-family properties, including townhouses, provided title is held in your name. Different guidelines apply if the property you're sellin...
Top 5 (Non-Obvious) Tips for Buying in NYC
zhlédnutí 270Před 7 měsíci
Nick at Hauseit (www.hauseit.com) shares his top five (non-obvious) tips for buying a home in NYC. Save money on your home purchase with a commission rebate from Hauseit: www.hauseit.com/buyer-closing-credit/ Estimate Your Buyer Closing Costs in NYC: www.hauseit.com/closing-cost-calculator-for-buyer-nyc/ CHAPTERS 00:00 - Introduction 00:40 - Save Money with a Commission Rebate 00:58 - Think 3-5...
The Dark Side of HDFC Co-ops: 5 Cons You NEED TO KNOW Before Buying
zhlédnutí 437Před 8 měsíci
Nick at Hauseit (www.hauseit.com) sheds light on the often overlooked downsides of buying an HDFC. Don't buy an HDFC before watching this video. Save money on your next home purchase in NYC with a commission rebate from Hauseit: www.hauseit.com/buyer-closing-credit/ Estimate Your Buyer Closing Costs in NYC: www.hauseit.com/closing-cost-calculator-for-buyer-nyc/ CHAPTERS 00:00 - Introduction 00:...
Are HDFC Income Limits Flexible?
zhlédnutí 105Před 9 měsíci
Nick at Hauseit (www.hauseit.com) demystifies income limits for HDFC co-ops in NYC. Save money when buying in NYC with a commission rebate from Hauseit: www.hauseit.com/buyer-closing-credit/ NYC Buyer Closing Cost Calculator: www.hauseit.com/closing-cost-calculator-for-buyer-nyc/ CHAPTERS 00:00 - Introduction 00:38 - Statutory income limits for HDFCs 00:52 - Types of HDFC income limits 1:04 - S...
Is There an Asset Limit When Buying an HDFC Co-op?
zhlédnutí 196Před 9 měsíci
Nick at Hauseit (www.hauseit.com) reveals whether there are asset restrictions for prospective purchasers of HDFC co-ops. Buying in NYC? Reduce your closing costs with a commission rebate from Hauseit: www.hauseit.com/buyer-closing-credit/ NYC Buyer Closing Cost Calculator: www.hauseit.com/closing-cost-calculator-for-buyer-nyc/ CHAPTERS 00:00 - Introduction 00:25 - HDFC income restrictions 01:2...
Homestead Exemption vs Non-Homestead Cap in Miami-Dade County
zhlédnutí 248Před 10 měsíci
Is the Homestead Exemption better or the Non-Homestead Cap? What if you miss the window to apply for the Homestead Exemption? Should you still apply the following year or just wait to automatically get the Non-Homestead Cap? Overview by Chris at Hauseit® (www.hauseit.com). Save money when buying, selling and renting real estate in New York and Florida with Hauseit. Available in NYC, Long Island...
How Much Are Real Estate Transfer Taxes in the City of Los Angeles?
zhlédnutí 97Před rokem
How Much Are Real Estate Transfer Taxes in the City of Los Angeles?
How to Wire Money for Closing
zhlédnutí 1,1KPřed rokem
How to Wire Money for Closing
Is the Dollar Collapsing?
zhlédnutí 58Před rokem
Is the Dollar Collapsing?
What is the SCO or Shanghai Cooperation Organization?
zhlédnutí 64Před rokem
What is the SCO or Shanghai Cooperation Organization?
How To Avoid Depreciation Recapture
zhlédnutí 413Před rokem
How To Avoid Depreciation Recapture
What Happens When The Debt Limit Is Raised?
zhlédnutí 32Před rokem
What Happens When The Debt Limit Is Raised?
What is Depreciation Recapture?
zhlédnutí 67Před rokem
What is Depreciation Recapture?
Buying a Second Home and Renting the First
zhlédnutí 1,1KPřed rokem
Buying a Second Home and Renting the First
Are Single Family Homes an Inflation Hedge Asset?
zhlédnutí 36Před rokem
Are Single Family Homes an Inflation Hedge Asset?
Can I Buy a House and Rent it Out Immediately?
zhlédnutí 257Před rokem
Can I Buy a House and Rent it Out Immediately?
What Is a Transaction Broker in Florida?
zhlédnutí 213Před rokem
What Is a Transaction Broker in Florida?
Who Puts Together the Condo Board Package?
zhlédnutí 51Před rokem
Who Puts Together the Condo Board Package?
Is the Banking System Insolvent?
zhlédnutí 17Před rokem
Is the Banking System Insolvent?
How Much Rent Is Due at Lease Signing in Miami and Florida?
zhlédnutí 41Před rokem
How Much Rent Is Due at Lease Signing in Miami and Florida?
Real Estate Commission in NYC
zhlédnutí 83Před rokem
Real Estate Commission in NYC
How To Calculate Your Debt-to-Income Ratio (DTI) for a NYC Co-op
zhlédnutí 299Před rokem
How To Calculate Your Debt-to-Income Ratio (DTI) for a NYC Co-op
Should You Use an Offer Escalation Clause?
zhlédnutí 66Před rokem
Should You Use an Offer Escalation Clause?
What is a Mechanic's Lien?
zhlédnutí 105Před rokem
What is a Mechanic's Lien?
What Is the Step-Up in Basis for Real Estate?
zhlédnutí 73Před rokem
What Is the Step-Up in Basis for Real Estate?
What Is a Pied à Terre Apartment?
zhlédnutí 199Před rokem
What Is a Pied à Terre Apartment?
Is Physical Staging for a Home Worthwhile?
zhlédnutí 22Před rokem
Is Physical Staging for a Home Worthwhile?
Define Cap Rate
zhlédnutí 28Před rokem
Define Cap Rate

Komentáře

  • @ttruth318
    @ttruth318 Před 3 dny

    Thanks for the great information. What are your thoughts if a title issue is the reason the deal fell through and the broker is seeking the full commission.

  • @madjoabutterfly
    @madjoabutterfly Před 5 dny

    My dilemma now selling my place in Brooklyn, moving south..

  • @merkabahgoddess
    @merkabahgoddess Před 8 dny

    Hi

  • @honeywell-b7p
    @honeywell-b7p Před 26 dny

    Never give your social insurance number to anyone.

  • @JaidenNatrella-qw1dn
    @JaidenNatrella-qw1dn Před měsícem

    I’m a Car Guy … it’s my lifestyle … I would never give up the luxury of driving fast expensive cars … I like the gangster lifestyle of treating my mom and my girl like queens … never let them take public trans … how would u not want the privacy of a nice car ? Who wouldn’t want a hellcat ? Like people are weird

  • @lafrancois6323
    @lafrancois6323 Před měsícem

    I clicked on this bc I thought I was keanu

  • @lesleyliddell7856
    @lesleyliddell7856 Před měsícem

    And Beyoncé and Taylor swift and Robert de Niro in TriBeCa and Hugh Hackman lives next to the edge

  • @tcooperbeauty
    @tcooperbeauty Před měsícem

    Thanks for breaking it down, because I never knew what that meant! 🤣

  • @alcarbo8613
    @alcarbo8613 Před měsícem

    Why did you tell us about 200 random synagogues but leave out actually historically significant buildings like Old St. Patrick’s Cathedral?

  • @robward155
    @robward155 Před měsícem

    The seller can agree to fix any repairs themselves as well.

  • @bigred9428
    @bigred9428 Před 2 měsíci

    I'd like to know the nearest cross street next time.

  • @bigred9428
    @bigred9428 Před 2 měsíci

    Not a building, but according to Barry Lewis, the fence around the old Customs House across from Battery Park dates back to the Revolutionary War. The tops that had the King's crest on them were filed off by a crowd after (I think) hearing the Declaration of Independence read.

  • @user-kw2nb4bl2d
    @user-kw2nb4bl2d Před 2 měsíci

    How does one file a trust in the county of manhattan ? Like wat category would it be on efile

  • @tanner6871
    @tanner6871 Před 2 měsíci

    What a big surprise! ---- a real estate agent doesn't think Flat Free listings are a good idea.....

  • @estherparagulla
    @estherparagulla Před 2 měsíci

    Can you make a video about interior features of new york city architecture?

  • @yellowberrypie
    @yellowberrypie Před 2 měsíci

    Good stuff, thanks. Should landlords care about balance on a bam statement if a applicant provided that as source of income or is credit score and stable job more important?

  • @Peterbluebird
    @Peterbluebird Před 2 měsíci

    I’m selling my house and I’m living in it the buyer will not be able to a full inspection I’m not moving anything or packing anything till I close cause need the funds to move what will happen thanks

    • @Peterbluebird
      @Peterbluebird Před 2 měsíci

      @@tidycats151 wrong buyer will know when comes to inspection that it will not be a full one so at that they can decide to back or just a few people at look the roof electrical panel and plumber. And my house listed now but I’ve blocked my realtor from any viewings since she doing the work that’s need to be to sell I tried to cancel listing and she said $1000 cancel fee but contract says $500 so I ghosted her and just gonna wait till it expires and hire a better realtor

  • @shirellgamble1063
    @shirellgamble1063 Před 2 měsíci

    I lived in a Mitchell Llama apartment n I kinda like it

  • @houseoffolly
    @houseoffolly Před 3 měsíci

    Buyers often make an offer to tie up a house, their plan is to have it inspected(by their inspector wink wink) and offer much less for alleged defects. Don't tie up your house . If you do allow an inspection contingency have it in writing tha t it is to take place within a week. And maybe even research the buyers before agreeing to their offer.

  • @ishmaelwilliams304
    @ishmaelwilliams304 Před 3 měsíci

    Thanks for the info! So if you never fully own it then you can’t sell it? Rent it or transfer it to a stranger only to a family member who lived with you for 2 years. What is the financial pro to keeping it after you earn enough to purchase a house in another state?

  • @aloy8927
    @aloy8927 Před 3 měsíci

    Always ask 1-1.5%

  • @deweywolff5581
    @deweywolff5581 Před 3 měsíci

    Great Information!!! Thanks

  • @nataliedigiovanni4863
    @nataliedigiovanni4863 Před 3 měsíci

    Stop rambling

  • @SkyHighMediaAgency
    @SkyHighMediaAgency Před 3 měsíci

    Hey John I've just seen your Page And you are doing really well. I wanted to reach out to you because We help Real estate Agents like you to scale more in your Business And Get More High Quality Calls And Appointments For Your Services I would love to show my Plan . Are you up for a Quick 15 min Call this week? Is this Something you are looking Up for right now in your Business? Cheers!

  • @MichaelPutnamMustSeeVideos
    @MichaelPutnamMustSeeVideos Před 3 měsíci

    You can’t say “ standard” commission rate!

  • @LetArtsLive
    @LetArtsLive Před 4 měsíci

    So I'm out I'm on Section 8 I'm below poverty level and I'm only a bad tenant if I ask to have something fixed how do you screen for bad landlords?

  • @williampennjr.4448
    @williampennjr.4448 Před 4 měsíci

    This istn just for NYC . It applies to the whole state.

  • @kyawlinthein1983
    @kyawlinthein1983 Před 4 měsíci

    What will be watch out if I do the for sale by owner in florida ? Like when entering a sales contract? Thanks ..

  • @joeparga1070
    @joeparga1070 Před 4 měsíci

    I have the seller agreeing to cover 2.5 % of closing costs but after seeing two inspections there’s structural damage and hvac needs 7500 of work on top of 30 other things. Idk if I should walk or not the seller should of disclosed this stuff prior to going in escrow

  • @Gptmas
    @Gptmas Před 4 měsíci

    Omg so much water , talking for 10 minutes about nothing just give facts. What paperwork do I fill out and I already have an offer

  • @Gptmas
    @Gptmas Před 4 měsíci

    What paper work do I need to

  • @kiarashjahan8780
    @kiarashjahan8780 Před 4 měsíci

    Great video !

  • @martiesimmonsable
    @martiesimmonsable Před 4 měsíci

    How would I find the listing agent

  • @TheTanyo
    @TheTanyo Před 4 měsíci

    For lies reasons, i thought realtor or real estate lawyer automatically got me into the homestead exemption, 4 yrs later i realized, now filed late, excuse is my mistake. Can they prorate the extra taxes and lower value of my home? I have proof ive been living there since bought in 2020.

  • @JRMAV1
    @JRMAV1 Před 4 měsíci

    Just giving more reasons to NOT buy a house.

  • @QueensNY718
    @QueensNY718 Před 4 měsíci

    Basically you need to be rich to buy a coop in NYC, total bullshiiiit with this closing liquidity rules.

  • @SocialDogsLLC
    @SocialDogsLLC Před 4 měsíci

    www.nyc.gov/assets/hpd/downloads/pdfs/services/asset-and-property-limits.pdf Although this video was made in late September, it is out of date. See the above new rule. Effective May 2023.

  • @jasons3742
    @jasons3742 Před 5 měsíci

    Great video. More people need to be aware of idiosyncratic risks in investing. Especially in real estate

  • @kiarashjahan8780
    @kiarashjahan8780 Před 5 měsíci

    Good video 👍

  • @Nycrealestates
    @Nycrealestates Před 5 měsíci

    Great insight

  • @Nycrealestates
    @Nycrealestates Před 5 měsíci

    Dude dumb idea

  • @LVWizard
    @LVWizard Před 5 měsíci

    Wow. If this is true, DEFINATELY one more reason to move to Nevada. We have a law here ("Specific Performance") that obligates Sellers to stick to a deal! If you want to explore this, refer your Buyers to me in Las Vegas!

  • @sparkzbarca
    @sparkzbarca Před 5 měsíci

    The tax is an advantage really since it means you get a year of cheap taxes.

  • @user-nq3pk8gd7b
    @user-nq3pk8gd7b Před 5 měsíci

    i am eighty-one and pay county and city plus school taxes, which tax do I get an exemption on, County, city, or school?

  • @sitdowndogbreath
    @sitdowndogbreath Před 5 měsíci

    It's New York City there's no such a chance progress

  • @prod.domino
    @prod.domino Před 5 měsíci

    Very informative video! Im always curious about old or abandoned buildings. They are beautifully stuck in time and knowing the history behind it gives you the vibe you feel while entering it

    • @bigred9428
      @bigred9428 Před 2 měsíci

      You'd love the Gramercy Park area.

  • @user-xe9iv3gd9c
    @user-xe9iv3gd9c Před 5 měsíci

    This was very very helpful Thank you my question was do you need a license to rent out your own house No. you do need a license

  • @jawaidkotwal
    @jawaidkotwal Před 6 měsíci

    Some of the stuff in this video sound so fishy and in violation of the law!

  • @higgted17
    @higgted17 Před 6 měsíci

    I don't understand why our co-op is asking us to pay an extra assessment every year to recuperate the tax abatement? They keep saying its "a wash" but I am actually paying money out of my own bank account to "recoup" the abatement money. I don't understand?

  • @majormediaproductions
    @majormediaproductions Před 6 měsíci

    Do the rental mitchel lama apartments include electricity??