Episode 054 – Good Cause Passes – Not Good and IAI Higher – Not High Enough

Realty Speak

Has the recent 24/25 New York State budget brought significant changes to housing laws?
Absolutely!
Ann Korchak, President of SPONY, leads a riveting webinar, unpacking these crucial updates with attorney Craig Gambardella from Kucker Marino Winiarsky & Bittens, LLP.
Together, they dissect the latest amendments to the rent stabilization law, highlighting the increased allowances for Individual Apartment Improvements (IAIs). They also delve into the newly enacted Good Cause Eviction (GCE) legislation, exploring its far-reaching implications for non-stabilized/market-rate apartments.
But this webinar goes beyond mere explanations. Ann and Craig equip landlords with actionable strategies to navigate these legislative changes. From mastering lease renewals to efficiently managing month-to-month tenancies, they offer invaluable insights to help property owners remain compliant and sidestep legal pitfalls.

Homes and Community Renewal (DHCR) resource page:
https://hcr.ny.gov/good-cause-eviction|

2024 05-03 DHCR Good Cause Eviction Law Notice:
https://hcr.ny.gov/system/files/documents/2024/05/good-cause-eviction-law-may-2024-final_.pdf

To Reach Anne:
Ann Korchak, President
Small Property Owners of New York (SPONY)
Email [e-mail]
Website https://spony.org/
LinkedIn https://www.linkedin.com/in/ann-heaney-korchak-027088b1/

To Reach Craig:
Craig Gambardella
212-869-5030
[e-mail]
https://www.linkedin.com/in/craig-p-gambardella-27560912/

To Reach Bill:
As always – Bill, the host of Realty Speak, is ready to be a resource to you when you finance, sell or purchase investment real estate and help you navigate around what you already own.
Email [e-mail]
Call/Text 917-232-8529.
Visit Bill’s website www.billweidner.com
Connect with Bill on LinkedIn https://www.linkedin.com/in/billweidner/
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Additional Resources from Bill:
NYC Local Law 152 – Periodic Inspection of Gas Piping Systems – Solution @ https://www.keepmygas.nyc/

Property Owner and Property Manager Resource Page
https://realtyspeak.nyc/property-owner-and-manager-resources/

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